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Floorplan
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    Key features

    • To be offered on Wednesday 21 October
    • A mixed-use freehold investment
    • Property let on a 10 year FRI lease expiring 27/09/2036
    • Let to Atlantis Gaming Realm Ltd t/a gaming shop
    • Covered rear yard
    • Total GIA approx. 1,849 sq ft (171.8 sq m)
    • Investment let at £18,000 per annum (13.84% GIY on guide price)

    Description

    A mixed-use freehold investment property arranged as a ground floor retail unit and two upper floors.

    Total GIA approx. 1,849 sq ft (171.8 sq m).

    Investment let at £18,000 per annum (13.84% GIY on guide price).

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Two shop areas, work area, w.c. and a small kitchen

    First Floor - Landing, lounge, sitting room, kitchen and a room

    Second Floor - Landing, bedroom, bathroom

    Outside - A rear covered area.

    Tenancy

    Property entirely let on a new 10 years lease expiring 27/09/2036 to Atlantis Gaming Realm Ltd t/a gaming shop with a break option on 28/09/2031. Please note the tenant is currently fitting out and a two month rent free period has been granted and the vendor will "top up" the rent for this period from completion.

    Rent

    £18,000 per annum

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. Prospective purchasers must rely upon their own enquiries in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is situated at 10 Blackfriars Street in the heart of King’s Lynn town centre, an established commercial and retail location. The surrounding area offers a wide range of shops, cafés, leisure facilities and amenities, with nearby occupiers including H&M, Ladbrokes, Majestic Cinema and Hays Travel.

      Transport

      The property benefits from excellent accessibility, with King’s Lynn Railway Station approximately 0.2 miles away, providing direct mainline services to Cambridge and London King’s Cross. Road communications are also good, with the A47 providing connections towards Norwich and Peterborough and the A10 providing a principal route south towards Cambridge.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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