About this property
Key Features
Rear access and parking space.
No empty business rates payable
Prominent town centre location
Freehold commercial building with development potential STP
Description
A chance to acquire a prominent 3 storey building in the heart of the popular market town of Kings Lynn, Norfolk, offering a prime retail opportunity, with potential to convert upper floors STP.
The property is ideally located on the High Street, close to a number of prime retailers such as Costa Coffee, Subway, Clintons, Bodyshop, Marks & Spencer, Boots and McDonalds, with high rates of passing foot traffic.
The premises offer a vast level of accommodation with a gross frontage of 6.61m.
The ground floor features a main sales area with full shop window frontage. In addition, at ground floor level, there is a rear raised sales area, office, store and internal lobby.
The gross internal area of the ground floor is approximately 180m² (1,930ft²).
At the first floor level are a number of large ancillary rooms and office areas totaling 154m² (1,658ft²)
There is also space available at second and third floor levels, accessible by a spiral staircase, and offering further volume within the building for expansion/ development.
The property benefits from rear access off White Lion Court and has a parking space in the yard to the rear.
The current usable accommodation (ground and first floors) totals 334m² (3,588ft²), and would benefit from updating/refurbishment, while the second and third floor areas offer the chance to expand the accommodation or may facilitate a residential conversion of the upper parts STP.
Tenure
Freehold with vacant possession
Location
The property occupies a prominent location in the High Street of Kings Lynn. Kings Lynn is a market town in the county of Norfolk, with a population of approximately 43,000 and a busy town centre, including the recent opening of "Loungers" a few doors from the property.
VAT
VAT is payable on the purchase price.
Lot Type
Commercial
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Rebecca Horgan at Knights, 34 Pocklingtons Walk, Leicester, LE1 6BU.
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�