For Sale By Auction | 11:00, 12 February 2025

2 The Old Mill, Bridge Street, Fakenham, Norfolk NR21 9AY

*Guide | £80,000 - £100,000 (plus fees)

  • Flat
  • 1 Bedroom
  • Tenure: Leasehold. 199 years from 1 January 1986

Call the team on 01603 505 100 for more information

Auction Date

Wed 12/02/2025

Auction Time

11:00

Auction Venue

Livestream Auction

One bedroom ground floor apartment with allocated parking space located in a Grade II listed former water mill, dating from 1720

This one bedroom ground floor apartment benefits from an allocated parking space to the rear and now requires improvements to realise its potential. Ideal for both a first time buyer or as an investment. The apartment enjoys views to the front over Mill Race and the river Wensum. The property has it's own personal entrance door into entrance hall with large cupboard, double bedroom, bathroom, kitchen and sitting room to rear.

Tenure

Leasehold. 199 years from 1 January 1986

Accommodation

Personal entrance door, entrance hall with built in storage, double bedroom, kitchen, sitting room and bathroom

Outside

The Old Mill has a private car park with an allocated parking space

Agents Note

Agents note: The gas fired boiler is not in working order and requires replacement.

Lease

The property is leasehold with 199 year lease which commenced 1st January 1986. Service charge and ground rent annually are £864.70 which is payable in two equal instalments. Service charge includes water rates, building insurance, maintenance, repairs, electricity and cleaning of the communal areas. The cost of repairs and maintenance to the building is apportioned, and payable by each of the 15 flats within the Old Mill.

Council Tax Band

A

Viewings

Viewings are currently being arranged. and the next is on Tuesday 7th January. Please call the Norwich Office to book an appointment.

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

North Norfolk District Council

Solicitors

Hansells (Norwich), Ref: Gemma Murrell, Tel: 01603 753464

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.