From
£230,000
Property for saleHigh Street, King's Lynn PE30
Just added
Auction
About this property
To be offered on Tuesday 25 November
High Yielding Mixed-Use Investment/Development Opportunity
Ground Floor Retail Unit with Upper Parts
Ground Floor Unit Let to Reed
Lease Expires 15.10.2028
2025 Break Option Not Exercised
Vacant Upper Parts Totaling 1,743 sq ft (161.92 sq m)
Development/Conversion Potential (stp)
3,228 sq ft (299.89 sq m)
Prominent Pedestrianised Pitch
Investment Let at £25,000 per annum (10.87% giy on Guide Price) with Vacant Upper Parts
Strapline
Auction Sale - 24/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
High Yielding Mixed-Use Investment/Development Opportunity
Ground Floor Retail Unit Let to Reed on a Lease Expiring 15.10.2028 - 2025 Break Option Not Exercised
Upper Parts Vacant and Offering Development/Conversion Potential (subject to obtaining the requisite consents)
Investment Let at £25,000 per annum
Description
The property comprises a high yielding, mixed-use, investment/development opportunity situated on a prominent pedestrianised pitch.
Arranged across ground, first and second floors, the Grade II listed building comprises a retail unit to the ground floor, with offices to the upper parts.
The ground floor is currently let to Reed In Partnership Limited on a lease expiring 15.10.2028 and paying £25,000 per annum. The tenant did not serve their 2025 break option displaying confidence in the location. The tenant uses the property as a Driving Theory Test Centre.
The upper parts benefit from separate access from Sedgeford Lane and comprise office/ancillary space. The offices are currently vacant and therefore offer asset management potential via letting or the potential to convert to alternative uses, including residential (subject to obtaining the requisite consents).
Whilst there are no extant planning consents, plans have been drawn up for a potential conversion of the upper parts to provide 3 x one bedroom flats.
The property is situated in the heart of Kings Lynn, a historic port and market town, with a frontage to the pedestrianised high street and adjacent to the junction with the pedestrianised New Conduit Street. The property therefore benefits from high footfall with the surrounding area comprising similar retail and mixed uses. Nearby occupiers include Primark, Boots, Clarks and Starbucks.
Accommodation
Auction Sale - 24/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
High Yielding Mixed-Use Investment/Development Opportunity
Ground Floor Retail Unit Let to Reed on a Lease Expiring 15.10.2028 - 2025 Break Option Not Exercised
Upper Parts Vacant and Offering Development/Conversion Potential (subject to obtaining the requisite consents)
Investment Let at £25,000 per annum
Description
The property comprises a high yielding, mixed-use, investment/development opportunity situated on a prominent pedestrianised pitch.
Arranged across ground, first and second floors, the Grade II listed building comprises a retail unit to the ground floor, with offices to the upper parts.
The ground floor is currently let to Reed In Partnership Limited on a lease expiring 15.10.2028 and paying £25,000 per annum. The tenant did not serve their 2025 break option displaying confidence in the location. The tenant uses the property as a Driving Theory Test Centre.
The upper parts benefit from separate access from Sedgeford Lane and comprise office/ancillary space. The offices are currently vacant and therefore offer asset management potential via letting or the potential to convert to alternative uses, including residential (subject to obtaining the requisite consents).
Whilst there are no extant planning consents, plans have been drawn up for a potential conversion of the upper parts to provide 3 x one bedroom flats.
The property is situated in the heart of Kings Lynn, a historic port and market town, with a frontage to the pedestrianised high street and adjacent to the junction with the pedestrianised New Conduit Street. The property therefore benefits from high footfall with the surrounding area comprising similar retail and mixed uses. Nearby occupiers include Primark, Boots, Clarks and Starbucks.
Accommodation
- Ground - 1,485 sq ft (137.96 sq m)
- First - 1,130 sq ft (104.98 sq m)
- Second - 613 sq ft (56.95 sq m)
- Total - 3,228 sq ft (299.89 sq m)
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