About this property

Detailed Description

The property is located at the popular western end of Norfolk Street, almost opposite Holland & Barratt and next door to QD Stores. Additional nearby occupiers include both regional and local retailers.

127 comprises a tenanted Vape Shop with ground floor sales space and first floor with office and stores. The property is currently let on a 7 year lease expiring April 2029 at an annual rent of £12,000 pax, increasing to £14,400 pax at year 2.

127A comprises a tenanted pizza restaurant with first floor office/storage room and WCs. The property is currently let on a 3 year lease expiring 1st July 2025 at an annual rent of £9,600 pax.

Location

King's Lynn is an important sub-regional centre, an historic port and market town situated on the southern shores of The Wash. The town has a population of just over 42,000 and is the administrative centre for West Norfolk. Road communications are via the A10, A47, A17 and A148/A149, whilst there is a mainline rail service to London King's Cross (1 hour 40 minutes approximately) and established port trade, particularly with Scandinavia and Northern Europe.

From the Agent's office on the Saturday Market Place, follow the High Street to the junction with Norfolk Street and turn left. Continue along Norfolk Street passing the junction of Chapel Street on your left. The property can be found on the left hand side shortly after the junction with Broad Street on your right.

Accommodation

The property has the following (approximate) net internal areas:-

127A - Pizza Restaurant
Ground Floor
Restaurant and serving area 83.85 sq m (902 sq ft)
Kitchen and store room 10.5 sq m (113 sq ft)
First Floor
Office 17.5 sq m (188 sq ft)
Male and Female Cloakrooms
Overall 112.6 sq m (1,121 sq ft)

127 - Vape Shop
Ground Floor
Trading area: (35.32 sq m (380sq ft)
Plus Store
Kitchen and Cloakroom
First Floor
Office/Store Rm 1: 14.04 sq m (151 sq ft)
Office/Store Rm 2: 22.77 sq m (245 sq ft)

Business Rates

Each property is rated separately and potential purchasers are advised to contact the Local Authority in order to confirm the amount payable.

Services

Mains water, electricity and drainage are connected to the property.
Each unit has their own supply which is metered separately.
We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.

Viewing

Strictly by appointment with the Selling Agent.

VAT

VAT will not charged on the sale price.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the sale.

Terms

The property is offered for sale freehold.