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Lot 23 - The Former North Sea Hotel, 7 Sea Road, Felixstowe, Suffolk, IP11 2AU

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FREEHOLD VACANT FORMER HOTEL WITH PP FOR REDEVELOPMENT FOR 23 APARTMENTS AND A COMMERCIAL UNIT

Guide price: £650,000 plus *

Auction Date

Tuesday, 11th July 2017 11:00am

Location & Description

A substantial three storey former hotel and night club on the east side of Sea Road between Granville Road and Cavendish Road and directly facing the sea front. Felixstowe is a popular East Anglian tourist resort in the Suffolk Coastal District, close to the Essex/Suffolk borders, benefiting from good road access via the A14 dual carriageway and a branch railway link with the County Town of Ipswich, 14 miles away.

Note

VAT is applicable
The freehold includes 3 existing self-contained flats sold on a 125 year lease which is not affected by the development of the hotel.

OFFERED VACANT FOR REDEVELOPMENT OR ALTERNATIVE USES

PLANNING

Granted by Suffolk Coast County Council (DC/15/0515/FUL and DC/16/0197/VOC) for demolition of the existing building and redevelopment providing ground floor commercial space and 23 apartments over ground, 1st, 2nd, 3rd and 4th floors (19 x 2 bedroom units & 4 x 1 bedroom units) and 8 on site car parking spaces. A s106 Agreement has been approved (details on website). There are no affordable apartments required.
Full architect's drawings and planning documents can be downloaded from our web site: strettons.co.uk.

EPC Rating

On application

Property Features

  • Prime Seafront Location
  • Close to Pier & Leisure Centre
  • Full Planning Permission for Redevelopment

Result

Unsold. Please refer to Auctioneer

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.