Contact our King's Lynn office

01553 691691

Kings Lynn Property Portfolio
Offers around £640,000

Kings Lynn Town property portfolio comprising :-
5 commercial premises (as let) and secured private parking for approximately 41 cars. Generating an income of £44,750 pax.
In addition full planning permission has been granted for 5, two storey town houses with ground floor integral garages, together with additional shared parking opposite on part of the car parking site, situated overlooking the Lynn Minster.
 

LOCATION
The properties are located off St James Street (PE30 5DA) and Tower Court (off Tower Place PE30 5DF). The car parking area benefits from a shared, electronically operated access gate servicing a secure private parking area leading to the development site.

As identified on the site plan attached to the sales particulars.


DESCRIPTION
Cruso & Wilkin are pleased to offer this combined commercial investment and development opportunity, close to the town centre.

The portfolio comprising :-

5 commercial premises, and secured private parking for approximately 41 cars.

In addition full planning permission has been granted for 5, two storey town houses with ground floor integral garages, together with additional shared parking opposite on part of the car parking site, situated overlooking the Lynn Minster.


ACCOMMODATION
32 St James Street. Ground floor, occupied as hair dressing salon (63.80m2)



34 - 38 St James Street. Ground floor, occupied as retail premises (202.48m2)



23 Tower Court. Ground floor, occupied as hair dressing salon (65.50m2)



25 Tower Court. Ground floor, occupied as retail premises (32.20m2)



27 Tower Court. First floor, occupies as offices (270.80m2)



Car parking area known as Tower Court currently extending to 41 parking spaces (7 let with the commercial properties, 6 covered spaces and 25 outside spaces).


SERVICES
Prospective purchasers should satisfy themselves that connections to the appropriate services are available. It is however noted that the adjacent properties have the benefit of mains water, drainage, electricity and gas.


TERMS
The property portfolio is initially offered for sale by Private Treaty as a whole. The Vendors and their Agents reserve the right to invite best and final offers and/or conduct a private auction within a pre-determined timescale, if required.


OUTGOINGS
To be confirmed, the Property Tenants being responsible for their individual business rates (as applicable).


VAT
Should the sale of this property, or any rights attached to it, become chargeable to Value Added Tax, then the tax at the prevailing rate will be payable by the Purchaser in addition to the contract price.


LEGAL COSTS
Either party being responsible for their own legal costs.


SERVICE CHARGE
N/A


PARKING NOTES
Tower Court is a privately owned parking area for approximately 41 cars. Operated by an electrically operated gate with allocated parking spaces let to existing businesses and private occupiers.


PLANNING
In addition to the current use of the portfolio; Full planning permission was granted on the 29th April 2016 (16/00450/F) for the construction of 5 dwellings following the demolition of existing buildings at Tower Place.

The proposed town houses having the benefit of the following accommodation:-



Ground Floor: Garage and stairs.

First Floor: Kitchen, Dining and Living Room; and

Second Floor: Two Bedrooms and Bathroom.



A copy of the planning consent and accompanying documentation can be viewed on the Council website or inspected at the Agents� Offices.


VIEWING
Accompanied viewing only. Strictly by prior appointment with the Vendors� Sole Agents, Cruso & Wilkin, tel. 01553 691691.

The commercial properties are separately occupied, and therefore reasonable time will be required to arrange viewings of the business premises.


 

To book a viewing or make an enquiry, please complete this form.

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