King's Lynn is an attractive and vibrant market town and the main retail centre for west Norfolk, with a catchment population of over 250,000 persons, plus tourists (King's Lynn and West Norfolk Borough Council (2014).
The premises are situated in the middle of the prime section of the High Street, adjacent to Primark and close to River Island, Boots, HMV and Starbucks.
The premises are available on a new effectively full repairing and insuring lease for a term to be agreed.
£95,000 per annum exclusive of business rates and VAT and subject to 5 yearly rent reviews.
From informal research, we believe there is a good potential to a change of use to A3 / restaurant. Further details upon request.
The valuation Office Agency assessment on their website (www.voa.gov.uk) is as follows:
RV (2017) £80,000
However, interested parties are advised to make their own enquiries including regarding any transitional arrangements.
Each party to be responsible for their own costs incurred in the transaction.
The premises are arranged over ground, first and second floors and benefits from rear loading. It has the following dimensions / areas:-
Internal width 39 ft 7 ins 12.10 m
Ground floor sales 3,502 sq ft 325.3 m sq
Ground floor storage 541 sq ft 50.25 m sq
First floor staff / storage 3,342 sq ft 310.5 m sq
Second floor storage 3,172 sq ft 294.7 m sq
The report is available on request.
A3 Restaurants and Cafes