Rare opportunity to purchase mixed commercial/residential investment
The property currently comprises a ground floor office suite (currently vacant - asking rent £8,000 pax) with 3 Tenanted flats above.
The ground floor is laid out to include reception area, office to the front open to rear, with further office to the side, kitchen and cloakroom.
The residential accommodation consists a ground floor bedsit to the rear with two first floor flats all served by a seperate entrance. The bedsit/flats are currently let on Assured Short Term Tenancies at £450pcm and proving income of £16,200 per annum with additional income to be provided by the commercial element (asking rent £8,000pcm).
King's Lynn is an important sub-regional centre, an historic port and market town situated on the southern shores of The Wash. The town has a population of just over 42,000 and is the administrative centre for West Norfolk. Road communications are via the A10, A47, A17 and A148/A149, whilst there is a mainline rail service to London King's Cross (1hour 40mintes approximately) and established port trade, particularly with Scandinavia and Northern Europe.
The property is located on the busy London Road one of the main thoroughfares into town from the South.
On foot from the Agent's Office take the High Street to the junction with the Saturday Market Place. Turn left then almost immediately right along Church Street. On reaching the mini roundabout take the first exit along Millfleet. On reaching the London Road junction turn right and the property can be found a short distance along on the right hand side.
London Road frontage
Mixed commercial and residential income producing
Ground Floor Offices plus bedsit to the rear
Two further first floor flats
( Agency Pilot Software Ref: 427722 )