Commercial property for sale

Tenure: Freehold

Investment opportunity, with Boots Opticians as tenants until August 2013.

DESCRIPTION
34/35 High Street comprises a modern purpose built shop on ground and 2 upper floors. It occupies a prominent corner position, fronting High Street with a long return frontage to New Conduit Street. Both Streets being pedestrianised.

The current tenants are Boots Opticians and opposite is the Boots department store and diagonally across in the High Street is a Burtons menswear shop. Primark is due to be opened in March 2010 and short way along the High Street, hence being one of the primary retailing positions in King's Lynn.

The property is of modern steel framed construction behind a traditional brick facade with the ground floor having modern display windows and the first floor having timber framed sash windows and the upper floor having roof lights.

The shop comprises a ground floor sales area, first floor sales area and staff and storage accommodation on the second floor. There is a disabled persons toilet at the rear of the ground floor and male and female staff toilets on the second floor level. There are cooling units on both sales floors and the shop is heated by electric heating.

N.B. Please be aware that the owner of this property is a director of Belton Duffey West Norfolk Ltd.

SITUATION
King's Lynn is a historic market town with its medieval port. There is a main line railway connection to London Kings Cross. There is a wide range of shops and recreational facilities.

GROUND FLOOR: ZONE A
20' 0" (6.10m) 32.5 sq m (350 sq ft)

GROUND FLOOR: ZONE B
20' 0" (6.10m) 39.3 sq m (423 sq ft)

GROUND FLOOR: ZONE C
30.2 sq m (325 sq ft)

GROUND FLOOR
102.0 sq m (1,098 sq ft)

FIRST FLOOR
98.0 sq m (1,054 sq ft)

SECOND FLOOR
100.7 sq m (1,084 sq ft)

TOTAL - NIA
300.7 sq m (3,236 sq ft)

TENURE & TENANCIES
The whole property is let by the RIGPS Properties Ltd to Boots Opticians Ltd. The lease is dates from the 24th August 1998, for a term of 15 years expiring on 23rd August 2013 with no break options. The rent is 73,500 per annum exclusive, payable quarterly in advance, commencing on 10th November 1998.

The lease is offered on a fully repairing and insuring lease with the landlord being responsible for the effecting insurance.

Property Ref:1_961_2090886

SERVICES
Mains water and electricity are connected to the property. Drainage.

EPC Rating BAND E - 101. Full report available upon request.



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