The Kings Lynn office market is showing positive signs of improvement as we enter the third quarter with a marked increase in activity and take up of office space within the surrounding area.
Kings Lynn office has just completed a letting of the former Passport and Inland Revenue Enquiries office to the NHS Trust. The ground floor space extended to approximately 4,811 ft² and includes self-contained refurbished space in the prominently located office block. The letting was subject to a change of use from B1 to D1.
Whilst on the sales front Brown & Co acting on behalf Osborne House in conjunction with Fifield Glyn have sold Unit 11 & Unit 12, North Lynn Business Village, Kings Lynn to AMA (Europe) Ltd. The property comprises a 2,542 sqft (236 sqm) self-contained office arranged over ground and first floor with kitchen area, male and female WC’s and 10 parking spaces.
The property has been sold for £325,000 on a 999 year lease from 25th March 1996 at a ground rent of £400 pa with provisions for rent reviews every 5 years geared to RPI (next 2019).