- CONTACT BROWN&CO TO VIEW
- VIEWING STRICTLY BY APPOINTMENT ONLY
- Substantial block investment in King's Lynn
- Close to hospital and mainline station to Ely, Cambridge and King's Lynn
- Six dwellings in total, four apartments, town house and coach house
- Private grounds and parking
- Substantial rent roll and investment yield.
- Freehold and tenants in situ
- Beautiful Georgian Rectory
- Potential for AirBnB.
*RESIDENTIAL BLOCK INVESTMENT* Brown&Co offer an opportunity to acquire a block of luxury, modern apartments. close to both the hospital and train station created within the house and grounds of a beautiful former Georgian Rectory (Grade ll Listed).
About this property
*RESIDENTIAL BLOCK INVESTMENT* Brown&Co offer an opportunity to acquire a block of luxury, modern apartments, close to both the hospital and train station created within the house and grounds of a beautiful former Georgian Rectory (Grade ll Listed) in Gaywood, King's Lynn.
The property is central to the suburb of King's Lynn known as Gaywood. Here there is a thriving commercial centre with a selection of independent local shops and businesses along side two major supermarket stores. The area is serviced by a number of local junior and secondary schools and is approximately one mile from the town centre of King's Lynn which has a mainline station to Ely, Cambridge and London. Also the area is closely linked the Queen Elizabeth ll hospital which is under a mile away.
Method of sale
The property is offered for sale as a whole by private treaty.
Planning permission was granted to convert the former Rectory into six luxury apartments in 2013 with the conversion taking place thereafter. There are four apartments in the main building accessed via a fine reception hallway. There is also a town house within the main building having a private entrance and there is a converted coach house. Some of the apartments also have private gardens. There is ample provided parking within the grounds as well as further garden space. The conversion was extensive and carried out to an extremely high standard with our client wanting to offer luxury apartments not often seen in the town.
The property was retained in its entirety by our client and all the apartments have been let on assured shorthold tenancy agreements since completion. The apartments offer a substantial rent roll with a gross yield of 5.38% at our guide price. The apartments have proved extremely popular with rental tenants and when a change of tenant takes place a replacement has always been swiftly found. It is also worth pointing out that, if desired, there is considerable scope to offer any number of the apartments as luxury AirBnb style properties.
Viewing is strictly by appointment only with the agent. All the properties are currently let and please be advised viewings may only be able to take place at certain times on certain properties.
The floorplan advertised should be considered as guidance only, and not relied upon as an accurate representation of the property.
The agent also hold copies of floorplans produced at the time of conversion.