91-92 High Street
Kings Lynn
Norfolk
PE30 1BL

Freehold Bank Investment

  • Let to Barclays Bank PLC until 2026
  • Prime Position in Pedestrianised High Street
  • Substantial Double Frontage
  • Approximately 736.32 sq m (7,925 sq ft)
  • Popular and Historic Market Town Location
  • Near by Occupiers Include Primark, Greggs, Costa Coffee, Boots
  • Lot
    24
  • Auction
    04/Nov/2021
  • Rent
    £152,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
Important Update
  • 91-92 High Street, Kings Lynn, Norfolk, PE30 1BL
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* More information on the term "price" can be found here

Property Information

Location
Miles
89 miles north of London
40 miles north of Cambridge
38 miles west of Norwich
29 miles east of Peterborough
Roads
A47, A148, A149, A10
Rail
Kings Lynn Train Station
Air
Stansted Airport, Norwich Airport
Situation

The property sits prominently on the western side of the pedestrianised High Street opposite Primark. Other nearby occupiers Greggs, Costa Coffee, Boots, Lloyds Bank and Nationwide.

Tenure

Freehold.

Description

The property is a substantial double fronted retail building comprising banking hall accommodation on the ground floor with ancillary and office accommodation on the first floor and a plant room on the second floor. The property benefits for rear car parking and access from Purfleet Street.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

Band C see legal pack.X

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Second
Retail
Office/Ancillary
Plant Room
353.70 sq m
337.52 sq m
45.10 sq m
(3,807 sq ft)
(3,633 sq ft)
(458 sq ft)
BARCLAYS
BANK PLC (1)
15 years from
04/04/2011 on a full
repairing and
insuring lease
£152,000(03/04/2026)
Total Approximate Floor Area
736.32 sq m
(7,925 sq ft) (2)
  £152,000 

(1) For the year ending 31/12/2020 Barlcays Bank Plc reported a turnover of £20,382,000,000, a pre-tax profit of £3,075,000,000 and a net worth of £52,556,000,000 (NorthRow.com 04/10/2021)
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)

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

  • Solicitors Legal Pack
    Updated Date
    02.11.21
    File Size
    35 MB
    Login to View
  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    927 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Knights Plc The Brampton
Newcastle-under-Lyme
Staffordshire
ST5 0QW
Tony Earl 01782 349 556tony.earl@knightsplc.com

Useful Links

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