43-44 High Street
Kings Lynn
PE30 1BJ

Freehold Retail Investment

  • Adjacent to Primark
  • Let to Loungers UK Limited
  • Lease expiring May 2034 (subject to option)
  • Approximately 857 sq m (9,225 sq ft) over three floors
  • Nearby occupiers include Primark, Boots the Chemist, Marks & Spencer, JD Sports , Starbucks, Costa, Savers, Vision Express and Greggs
  • Lot
  • Auction
  • Rent
    £65,500 per Annum Exclusive
  • Status
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Real Estate Investment Trust
Important Update
  • 43-44 High Street, Kings Lynn, Norfolk, PE30 1BJ
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

41 miles west of Norwich
43 miles north-east of Cambridge
A10, A17, A47, A148
Kings Lynn
Norwich Airport

King's Lynn is a popular market town in East Anglia, approximately 41 miles west of Norwich and 43 miles north of Cambridge. The property is located in a prime trading location on the east side of the pedestrianised High Street, close to it's junction with New Conduit Street, and a short walk from Vancouver Quarter, with retailers including Sainsbury's, Holland & Barrett, Superdrug, Poundland and Wilko. The property is adjacent to Primark, and near other retailers including Boots the Chemist, Marks & Spencer, JD Sport, Starbucks, Costa, Savers, Vision Express and Greggs.




The property comprises an attractive, part listed three storey building, arranged as a large ground floor restaurant, with ancillary accommodation on the first and second floors.


VAT is applicable to this lot.

Completion Period

Six Week Completion


C. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
TenantTermRent p.a.xReview
394.00 sq m
343.90 sq m
119.10 sq m
(4,241 sq ft)
(3,702 sq ft)
(1,282 sq ft)
LIMITED t/a Poco
Lounge (1)
15 years from
23/05/2019 until
22/05/2034 on a full
repairing and
insuring lease (2)
£65,500 (3)23/05/2024
and five
857.00 sq m
(9,225 sq ft)
  £65,500 (3) 

(1) For the year ending 19/04/2020, Loungers UK Limited reported a turnover of £166,502,000, pre-tax profits of £-10,048,000 and total shareholders funds of £48,403,000 (source: NorthRow 07/10/2021). Loungers was founded in 2002 and now operates from 122 Loungers nationwide (www.loungers.co.uk/about 07/10/2021).
(2) The lease is subject to a tenant option to determine on 23/05/2029.
(3) Under the terms of the lease, the current rent is £60,000 pax with fixed rental uplifts to £62,500 pax in 2022 and £65,500 pax in 2023. The Vendor has agreed to adjust the completion monies so that the property produces £65,500 pax from completion of the sale until the fixed rental uplift in 2023 - please see Special Conditions of Sale.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    File Size
    527 KB
    View PDF
  • Site Plan
    Updated Date
    File Size
    875 KB
    View PDF
  • Common Auction conditions
    Updated Date
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    File Size
    27 KB
    View PDF


David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Seller's Solicitors
Gateley Legal Park View House, 58 The Ropewalk
Charlotte Chapman 0115 983 8244charlotte.chapman@gateleylegal.com

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