King’s Lynn, 38 Broad Street
LOCATION
King’s Lynn is the historic and attractive principle town of West Norfolk with a resident population of approximately 43,000. It is located 36 miles north east of Peterborough, 44 miles north of Cambridge and 44 miles west of Norwich. There is a direct rail service to London Kings Cross in 1 hour 43 minutes.
Major multiple retailers located in the town include M&S, Boots, Primark, H&M, Sainsburys and WHSmith.
The property is situated in a busy pedestrianised location on Broad Street adjoining the entrance to the Vancouver Centre. Nearby occupiers include CEX, Holland & Barrett, Waterstones, Greggs, Poundstretcher, Superdrug and Betfred.
ACCOMMODATION
The premises provide accommodation with the following approximate dimensions and areas:-
| Internal Width | 45’0’’ | 13.7 m |
| Shop Depth | 55’0’’ | 16.8 m |
| Ground Floor Sales | 2,600 sq ft | 241.6 sq m |
| First Floor Storage/Staff | 1,684 sq ft | 156.5 sq m |
TERMS
The property is available as a freehold purchase at £400,000 or alternatively, by way of a new 10 year lease with a Year 5 rent review at a commencing rental of £35,000 per annum exclusive.
RATEABLE VALUE
We understand from the Valuation Office Agency website that the property has a rating assessment of £35,000 with effect from 1 April 2023. Interested parties are advised to make their own enquiries.
ENERGY PERFORMANCE CERTIFICATE
The property has an energy rating of C. Further details are available on request.
LEGAL COSTS
Each party to be responsible for their own legal costs incurred in the transaction.
Plans
Francis Darrah for themselves and as Agents for the proposed Vendor(s) or Lessor(s) give notice: 1. That they do not make or give either in these particulars or in negotiations or otherwise any warranty or representation whatever in relation to the property. 2. Any plan attached to these particulars is for identification purposes only and all measurements are given as a guide and no liability can be accepted for errors arising therefrom. 3. The property being open to inspection any intended purchaser must satisfy himself as to the accuracy of these particulars and he will be deemed to have full knowledge thereof. 4. No liability can be accepted for any misstatement, omission or errors in these particulars. 5. These particulars do not constitute an offer or Contract or any part thereof.