Commercial property
Under Offer
Former Post Office , and Telephone Exchange Buildings, Paradise Parade, King's Lynn, Norfolk

Freehold / leasehold
41992 sq ft
Summary
Location
The property is extremely prominently located in the centre of this large market town.

The building forms an island site fronting Paradise Parade and Blackfriars Street. It is adjacent to the Vancouver Shopping Centre and Beales department store. Opposite Argos and the town's only cinema and close to numerous other national retailers, the town's swimming pool and multi-storey car park.

Blackfriars frontage benefits from on street car parking.

Description
The building as currently arranged provides the former Post Office counter/customer area, with associated offices. To the rear is further sorting offices, staff areas and covered secured yard/loading bay.

Upper floors were used as offices and telephone exchange areas; all former equipment has been removed.

We have been provided with the following gross internal floor areas from architects plans:

GF Post Office 12,077 sq ft 1,122 sq m
GF ancillary 1,929 sq ft 179 sq m
GF covered bay 4,898 sq ft 455 sq m
Total GF 18,904 sq ft 1,756 sq m

FF front offices 3,789 sq ft 352 sq m
FF rear office 7,755 sq ft 720 sq m
SF front offices 3,789 sq ft 352 sq m
SF rear storage 7,755 sq ft 710 sq m

Potential Redevelopment
Outline planning permission was granted in December 2013 (13/01088FM) for a development comprising a mix of retail, office, health facility and residential use. This included both some demolition and new build. Further plans available upon request.

The scheme comprised 1,620 sq m of retail and medical space, plus 90 sq m of café, 523 sq m of office space and 8 one bed and 19 two bed flats.

A subsequent application was granted in May 2014 to allow all Uses Classes (A1-5) with an area of 2,136 sq m.
Alternatively the existing building could be refurbished and units created both fronting Paradise Parade and Blackfriars Street to provide large open plan ground floor space with ancillary accommodation. For leisure and retail uses.
Both schemes allow for the creation of new windows / doors along both main frontages.

Tenure
The building is either available on a freehold basis with vacant possession or clients will undertake the necessary works to grant new lease(s) for a term to be agreed.

Further details upon request.

Business Rates
The property is entered into the 2010 Valuation list as post office and premises with a rateable value of £0.

EPC
The property has an energy rating G (157). The full report is available on request.

Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.

VAT
All figures exclusive of VAT.

Enquiries
James Lankfer
01223 558559
james.lankfer@bidwells.co.uk
Uses
A1 Shops
A3 Restaurants and Cafes
A4 Drinking Establishments
A5 Hot Food Takeaways
Done
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