North Norwich Plaza fails to sell after three-day auction
NORWICH – The future of the North Norwich Plaza remains unclear after the property failed to sell during a three-day online auction that ended Thursday.
A representative from Ten-X Commercial, the platform on which the auction was held, confirmed on Friday the property did not sell because the bidding did not meet the seller's undisclosed reserve price.
As of Thursday afternoon when the auction ended, the current bid had not exceeded the starting bid price of $350,000.
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More places are closing,finds by Dawn is closing soon.Who in their right mind would pay for a half filled plaza and especially here. Face it Norwich is not going to come back like it use to be.