Offers in region of
£300,000
(£52.72/sq. ft)
Leisure/hospitality for saleSaturday Market Place, King's Lynn PE30
5,690 sq. ft
About this property
Freehold
Grade II listed
Ground floor and part first floor of 5,690 sq ft
Pizza Express (Restaurants) Limited until June 2030
Rent of £31,500 p.a.
Town centre location in a vibrant historic square
First floor flat sold off on long leasehold
Property Description
Freehold blue-chip restaurant & residential ground rent investment in a town centre location
This attractive Grade II Listed property is arranged on ground and one upper floor.
The ground floor comprises a restaurant with rear store/ancillary to ground and first floors.
Also to the rear of the property is a courtyard providing outside seating.
The remainder of the first floor provides a self-contained flat which is accessed from the front and has been sold off on a long lease.
Location Description
King’s Lynn has a population of some 42,800 and is a port and commercial centre located on the River Great Ouse, 39 miles west of Norwich and 32 miles north-east of Peterborough.
The property is situated in a Conservation Area within the town centre, on the north side of Saturday Market Place at the junction with St James Street and almost opposite the entrance to Church Street
Tenancy
The Ground floor and part first floor is let to Pizza Express (Restaurants) Limited on a Fri lease for 30 years from 16th June 2000. First floor flat is sold off on a long leasehold.
Current rent from Pizza Express is £31,500 p.a.
Freehold blue-chip restaurant & residential ground rent investment in a town centre location
This attractive Grade II Listed property is arranged on ground and one upper floor.
The ground floor comprises a restaurant with rear store/ancillary to ground and first floors.
Also to the rear of the property is a courtyard providing outside seating.
The remainder of the first floor provides a self-contained flat which is accessed from the front and has been sold off on a long lease.
Location Description
King’s Lynn has a population of some 42,800 and is a port and commercial centre located on the River Great Ouse, 39 miles west of Norwich and 32 miles north-east of Peterborough.
The property is situated in a Conservation Area within the town centre, on the north side of Saturday Market Place at the junction with St James Street and almost opposite the entrance to Church Street
Tenancy
The Ground floor and part first floor is let to Pizza Express (Restaurants) Limited on a Fri lease for 30 years from 16th June 2000. First floor flat is sold off on a long leasehold.
Current rent from Pizza Express is £31,500 p.a.
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Monthly repayment
£1,500 per month
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