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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

INCOME PRODUCING INVESTMENT* Tenanted retail unit in in EXCELLENT TRADING POSITION over ground & first floor with parking. Currently producing £70,000 per annum on a FRI Lease. SUPERSIZE 13,099 sq ft

Entirely let to TG Jones Retail Holdings Limited (t/a TG Jones, formerly WH Smith) On a lease expiring 2029 (no breaks) Current Rent Reserved £70,000 p.a. Market rent £140,000 p.a.

Ground floor compromises a substantial retail area. At the rear is the Post Office customer service counter and financial advisory room, with a storage space and area to access to the service lift.

The first floor includes a large storage space, offices, and staff amenities. The layout provides options for development and alternative uses (subject to planning consent).

POPULAR LOCATION Occupiers close by include Specsavers, Vodaphone, Cafe Nero. Three, The Works, Mark & Spencer, JD Sports, Halifax and Boots Opticians amongst others.

INCOME PRODUCING INVESTMENT* Tenanted retail unit in in EXCELLENT TRADING POSITION over ground & first floor with parking. Currently producing £70,000 per annum on a FRI Lease. SUPERSIZE 13,099 sq ft Entirely let to TG Jones Retail Holdings Limited (t/a TG Jones, formerly WH Smith) On a lease expiring 2029 (no breaks) Current Rent Reserved £70,000 p.a. Market rent £140,000 p.a. Total accommodation of approx. 1,216.95 sq m (13,099 sq ft) Ground floor compromises a substantial retail area. At the rear is the Post Office customer service counter and financial advisory room, with a storage space and area to access to the service lift. The first floor includes a large storage space, offices, and staff amenities. The layout provides options for development and alternative uses (subject to planning consent). There is a large loading and parking area at the rear via Broad Street, with space for at least 10 cars. POPULAR LOCATION Occupiers close by include Specsavers, Vodaphone, Cafe Nero. Three, The Works, Mark & Spencer, JD Sports, Halifax and Boots Opticians amongst others.

Norfolk Street is a street in King’s Lynn, a historic market town and port in the county of Norfolk. It lies in the town centre of King’s Lynn and is located close to the town’s main shopping and pedestrianised areas, linking High Street with other central streets. Norfolk Street is primarily commercial and retail, forming part of the busy town centre around High Street and the pedestrianised shopping zones. It is lined with shops and businesses typical of a market town centre (e.g., clothing stores and independent shops), and sits near larger retailers and the Vancouver Quarter shopping area.

Full Address: 7 Norfolk Street, Kings Lynn, Norfolk, PE30 1AR

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 4 Years
Rent: £70,000 per year / £5,833 per month
Yield: 11% (approx)
Tenant: Company
Notes: Rent rebased from £140,000 PA NOW £70,000 PER ANNUM Lease extended to 2029

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Pricing Information & Bidding

Opening Bid: £621,000

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SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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Auction Details

Date & Time: 08 January 2026, 10am-3pm
Type: Timed Online Auction

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