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An extraordinary development opportunity
Located within Norwich's historic city centre
A planning application has been submitted for four duplex penthouse apartments each with roof terraces and private balconies
Two car parking spaces provided for each penthouse
GDV of £3,725,000
Offers invited subject to planning
abbotFox Land & New Homes presents this extraordinary development opportunity within Norwich's historic city centre.
A planning application has been submitted for permission to construct four, stunning, duplex penthouse apartments each with roof terraces and private balconies on top of Vantage House, a newly converted office to residential development of high end one and two bedroom apartments.
Vantage House is a unique building with contemporary character within 'Norwich Lanes' a conservation area featuring an eclectic mix of independent retailers including nationally acclaimed designer clothing retailer Philip Browne, Michelin recognised eateries such as Benedicts (who's owner won BBC 2's Great British Menu in 2015) and popular public houses.
The proposed penthouses will each be provided with two secure car parking spaces and are projected to achieve:
Unit 1 - £1,100,000 1,615 ft2 - 5 bedrooms (refer to floor plan for further detail)
Unit 2 - £850,000 1,184 ft2 - 3 bedrooms and a study (refer to floor plan for further detail)
Unit 3 - £850,000 1,184 ft2 - 3 bedrooms and a study (refer to floor plan for further detail)
Unit 4 - £925,000 1,227 ft2 - 3 bedrooms and a study (refer to floor plan for further detail)
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Stamp Duty Calculator
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Based on property / land value of £1,650,000 there will be an approx of £ Stamp Duty due.
Tax Band
%
Taxable Sum
Tax
Less than £250k
0
£
£
£250k to £925k
5
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£
£925k to £1.5M
5
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£
Over £1,500,000
10
£
£
Over £1.5 million
12
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Total
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If a property is greater than £425k you are not eligable for Stamp Duty relief.
For properties over £625k, SDLT is charged at 0% up to £250k and 5% from £250k to £925k.
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound. Stampy Duty guide is approx. as of 23rd September 2022 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information
1650000.00
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