Bungalow
This property in the centre of East Runton was a shop, 'The Kitbag', most people who know the villages would recognise the building immediately as The Kitbag. The owners no longer run the business and have obtained planning permission to convert to residential. This will create a flint and brick character bungalow comprising 2 bedrooms with en-suites to each, a dining hall area , sitting room which is open plan to the kitchen. There is garden space to the front and a small area to the side. Located just a short walk to the sea front and commons in this great coast village.
The property has two wide bays windows to the front and will create a lovely home for someone, it has excellent holiday home potential or if you want a premises for a shop as it was before its position on the High Street in the village centre makes it ideal, other uses would need to be discussed with the planners at the local authority.
East Runton is a very popular coastal village with a lovely sandy beach, a shop, an established public house, a social club, a restaurant, traditional fish and chip shop, coastal bus service and is known for its two commons (lower and top common) which both have village ponds. The village is just a couple of miles to Cromer town where a full range of services are available.
This represents a rare opportunity to purchase in this village and create your own single storey cottage or open you own shop/business.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Conditional with Reservation Fee (England and Wales).
Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
