This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
54-55 London Rd
4,000 SF 73% Leased Retail Building Kings Lynn PE30 5QH $443,032 ($111/SF) 12% Cap Rate
Investment Highlights
- The town centre is within walking distance and the bus and railway stations.
- Includes 3 flats
- An investment opportunity comprising 2 commercial units
Executive Summary
The two commercial units have a potential income of £21,000 per annum. 54 London Road was previously let to Pizza Hut for £16,000 per annum and 55 London Road was previously let as a Tattoo parlour for £8,400 per annum. The 3 flats are currently let on assured shorthold tenancies and generate an annual income of £21540. The flats are accessed from Guanock Terrace and their addresses are 51a, 51b and 52 Guanock Terrace, King's Lynn, PE30 5QH. The potential yield is around 12% if both commercial units are let for £12,500 (54) and £8,500 (55) per annum.
Property Facts
Amenities
- Security System
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
A deceptively spacious former takeaway premises (approx. 1100 sq.ft.) being situated on the main thoroughfare to King's Lynn in a prominent position. The accommodation briefly comprises serving/reception area, former preparation area, office, former cool room, former kitchen area, rear lobby and storage area giving access to Guanock Terrace.
| Space | Size | Space Use | Position | Available |
| Ground | 1,100 SF | Restaurant | In-Line | Now |
Ground
| Size |
| 1,100 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
Ground
| Size | 1,100 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
A deceptively spacious former takeaway premises (approx. 1100 sq.ft.) being situated on the main thoroughfare to King's Lynn in a prominent position. The accommodation briefly comprises serving/reception area, former preparation area, office, former cool room, former kitchen area, rear lobby and storage area giving access to Guanock Terrace.
Nearby Major Retailers
-
Nikki Bowles -
Belton Duffey
Learn More About Investing in Retail Properties
Presented by
54-55 London Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.