*Guide | £300,000 (plus fees)
- Commercial Property
- Tenure: Leasehold. 999 years from 12 July 2023
Call the team on 01553 777 773 for more information
Vacant commercial units with sixteen parking spaces with one of the commercial premises currently let producing £7,200 pa
The main commercial building is held under a 999 year lease from 12 July 2023 at a peppercorn rent. The approximate floor areas are, 27 Tower Place and 34 to 38 St James Street, combined ground floor: 210.61 sq/m gross internal area. 32 St James Street: 68.28 sq/m net internal area. First floor storage accessed from the yard: 16.94 sq/m net internal area and 23 Tower Place, currently let as a hair salon including ancillary rooms: 52.42 sq/m net internal area. The premises are located in the town centre of King's Lynn which has a wide range of amenities including shops, schools and leisure facilities. There is a main line station with rail links to Ely, Cambridge and London's Kings Cross Station.
Tenure
Leasehold. 999 years from 12 July 2023
Leasehold Information
Term: 999 years from 12 July 2023 Annual ground rent amount: Peppercorn Annual service charge amount: Please refer to legal pack Service charge review period: Please refer to legal pack
Business Rates
32 St James Street - according to the Valuation Office website the premises has a current rateable value of £6,700 with effect from 1 April 2026. 23 Tower Place - according to the Valuation Office website the premises has a current rateable value of £6,600 with effect from 1 April 2026.
Note
The postcode for 23 & 27 Tower Place is PE30 5DF
Energy Efficiency Rating (EPC)
Current Rating C
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
Nexa Law Limited, Ref: Joy Savill, Tel: 020 7504 7071 Ext 2134
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
