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 18th May 2022
Rent £20,833 per Annum Exclusive
Status Sold
Price £302,000
Sector High Street Retail
Auction Venue Live Streamed Auction
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
£20,833.33
16/02/2027 (15/02/2032)
Total Approximate Floor Area
298.40 sq m
(3,211 sq ft) (2)
£20,833.33
(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 £6,250.
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.
