9 Norfolk Street King's Lynn Norfolk PE30 1AR

9 Norfolk Street
King's Lynn
Norfolk
PE30 1AR

  • 9 Norfolk Street<br>King's Lynn<br>Norfolk<br>PE30 1AR

Freehold Retail Investment

  • Let to Veterans at Ease Ltd until 2032
  • Pedestrianised Town Centre Location
  • Rent Reviewed Inline to Consumer Price Index (CPI)
  • Popular Retailing Location
  • Nearby Occupiers Include Vodafone, The Works, Holland & Barrett, Specsavers, WH Smith and Waterstones
  • Lot
    24
  • Auction
    18/May/2022
  • Rent
    £20,833 per Annum Exclusive
  • Status
    Available
  • Price*
    £200,000 - £225,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
36 miles north-east of Peterborough, 43 miles west of Norwich
Roads
A10, A17, A47
Rail
King’s Lynn Railway Station (direct to London King’s Cross)
Air
London Stansted Airport
Situation

The property is located on the south side of the pedestrianised Norfolk Street, a busy retailing thoroughfare and close to its junctions of Broad Street and Chapel Street. Neighbouring occupiers include Vodafone, The Works, Holland & Barrett, Specsavers, WH Smith and Waterstones.

Tenure

Freehold.

Location
Miles
36 miles north-east of Peterborough, 43 miles west of Norwich
Roads
A10, A17, A47
Rail
King’s Lynn Railway Station (direct to London King’s Cross)
Air
London Stansted Airport
Situation

The property is located on the south side of the pedestrianised Norfolk Street, a busy retailing thoroughfare and close to its junctions of Broad Street and Chapel Street. Neighbouring occupiers include Vodafone, The Works, Holland & Barrett, Specsavers, WH Smith and Waterstones.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation and first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

Band C.

Description

The property comprises ground floor retail accommodation and first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

Band C.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Review/(Reversion)
Ground
First
Retail
Ancillary
160.70 sq m
137.70 sq m
(1,729 sq ft)
(1,482 sq ft)
VETERANS AT EASE
LIMITED (CRN 07527322)
(1) (3)
10 years from 16/02/2022
until 2032
ÂŁ20,833.33
16/02/2027
(15/02/2032)
Total Approximate
Floor Area
 
298.40 sq m
(3,211 sq ft)
(2)
   
ÂŁ20,833.33
 

(1) Veterans at Ease Limited (CRN 07527322) was incorporated in 2011 and is a registered charity (1140832) and operate from 5 charity shops nationwide (www.veteransatease.org).
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
(3) The Landlord is holding a rent deposit of ÂŁ6,250.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    10.05.22
    File Size
    19 MB
    Login to View
  • Brochure
    Updated Date
    29.04.22
    File Size
    2 MB
    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 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Hill Dickinson LLP 50 Fountain Street
Manchester
M2 2AS
Jonathan Dover 0161 817 7290jonathan.dover@hilldickinson.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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