Vacant shop and three bedroom house with tenanted one bedroom flat currently producing £465 pcm

An ideal investment opportunity located in the town centre of Kings Lynn. The vacant ground floor shop has an area of 42.8 sq/m and a rateable value of £5,100 with effect from 1st April 2017 (according to the valuation office website). The one bedroom flat above, which is accessed to the rear, is currently let producing £465 pcm on an assured shorthold tenancy. The three bedroom house which is also accessed to the rear is currently vacant but was producing £650 pcm on a previous assured shorthold tenancy.

Tenure

Freehold

Shop - 29 Norfolk Street

Shop, w.c.

House - 21a Old Sunway

Ground Floor

Entrance hall, open plan kitchen/living room

First Floor

Three bedrooms, bathroom

Outside

Courtyard

Flat - 21b Old Sunway

Lounge, kitchen, bathroom, bedroom.

Business Rates

The current business rateable value is £5,100

Energy Efficiency Rating (EPC)

Current Rating D, D, D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Kings Lynn and West Norfolk Borough Council

Solicitors

Isadore Goldman, Lawrence House, 5 St Andrews Hill, Norwich, NR2 1AD, Ref: Robert Pyke, Tel: 01603 611370

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £954 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.