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Property available on: 18/10/2022
Property features
• Ground Floor Retail Premises
• Potential for additional storage at First and Second Floors
• Rear private parking space for two vehicles
• Landlords undertaking improvements to property
Introduction:
107 High Street consists of a former banking premises, with ground floor area split into front of house (banking) area with rear offices. First and second floor areas including toilet facilities staff kitchen and office/ storage space. Private off road parking area to the rear of the property. The new owners have recently undertaken various improvement works to the premises.
The popular market town of King’s Lynn is home to a number of local, regional and national stores. The railway station provides direct links to Cambridge and London (King’s Cross). King’s Lynn is serviced by the A47, A17 & A10 providing access links to the midlands, the north and south of England. The town has a population of approx. 40,000 and services an estimated shopping catchment of 150,000.
Directions:
From the Tuesday Market Place, walk down the High Street towards King’s Lynn Minster walking past shops including Primark, Subway and Boots. 107 High Street can be identified by the Agent’s “To Let” board.
Description:
107 High Street comprises of a former banking premises, with an open plan ground floor and additional office space, access to rear private parking area. Stairs to first floor with kitchen and staff toilets, stairs to second floor with additional storage/ office space.
The property requires refurbishment and improvement to the Tenants requirements.
Accommodation:-
The property benefits from the following approximate internal floor areas:-
Description Sq m Sq ft
Ground Floor 86.5 930
Incl. offices retail and storage
First Floor 28.5 306
Incl toilets, kitchen and lobby
Second Floor 32.5 350
Storage
147.5 1,586
Business Rates:
We note from the Valuation Office Agency website that the property is assessed to a Rateable Value of £13,500.
There may be reasonable grounds to challenge the rateable value, alternatively there may be grounds to apply for small business rates relief which would be tapered accordingly.
Interested parties must verify this information with the Local Authority, Borough Council of Kings Lynn & West Norfolk. Tel. 01553 616200.
EPC Rating:
Energy Performance Certificate identifies the property with a current Rating of E
Lease/ Tenure:
The property is available on a new Full Repairing and Insuring Lease, for a term of years to be agreed, at a rent to be agreed per annum, exclusive.
Legal Costs:
The ingoing tenant will be expected to bear the Landlord’s reasonable legal costs incurred in the preparation of the lease.
VAT:
It is understood that VAT is not currently applicable to the rent.
References:
Prospective tenants should note that they will be required to provide references and an administration fee of £45 plus vat will be charged.
Services:
It is understood that the property benefits from mains electric, water and drainage. However, no tests have been carried out on the services and interested parties should arrange their own tests to satisfy them that they are in functional order.
Viewing:
Strictly by prior arrangement.
Cruso & Wilkin Telephone: 01553 691691- Alex Ison - email::- ai@crusowilkin.co.uk
Details amended:- Sept 2022
SUBJECT TO CONTRACT / VACANT POSSESSION
File No: AI/ 99/2
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Since 1756, Cruso & Wilkin has been providing exceptional technical advice and professional services to landowners, farmers, tenants, property investors and other professionals across the Eastern Counties. Our team is proud of its reputation and the trust that is placed in our expertise: we pride ourselves in offering a personal professional service.
