Market Place, Fakenham

LOCATION
Fakenham is a historic market town situated halfway between King's Lynn and Norwich. Known as the gateway to the North Norfolk coast, the town is well positioned and some 22 miles from King's Lynn and 25 miles from Norwich. The town lies adjacent to the A148 and A1065 which provides routes to Cromer, Kings Lynn and Swaffham.

The property occupies a very central prominent position in the Market Place. Nearby occupiers include Superdrug, Costa, Boots, Specsavers, Butcher Andrews and Hayes & Storr Solicitors.

DESCRIPTION
The property comprises a substantial complex of period buildings, previously used as solicitors offices, offering scope for residential conversion, with the following features:

Prominent town centre location.

- A variety of rooms and areas across multiple buildings.
- Potential for alternative uses (subject to planning).
- Rear yard and parking for approximately 3 cars.
- Currently fitted as offices with stores, kitchens and WCs.
- Gas ­fired central heating and some air conditioning.
- A mix of modern finishes and period features.

ACCOMMODATION
The property is arranged over three floors, with the following approximate total net internal floor areas:

Ground floor and basement - 4,746 sq ft (441 sq m)

First floor - 2,141 sq ft (199 sq m)

Second floor - 219 sq ft (20 sq m)

Total - 7,106 sq ft (660 sq m)

TERMS
The freehold interest is being offered for sale, subject to vacant possession of the whole of 18­-19 and the upper floors only of 20 Market Place. The ground floor of 20 Market Place is subject to a lease (lease information available on application).
In accordance with the latest Anti Money Laundering (AML) legislation, the purchaser will be required to provide proof of identity, address and source of funds to the selling agents prior to solicitors being instructed.

OUTGOINGS
The Valuation Office Agency website indicates that the property has two entries in the 2023 list with a combined Rateable Value is £48,800. This is not the annual rates payable.

The rates payable can be obtained from your­business­rates which includes a rates payable calculator.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in the transaction.

PLANNING
We understand the current use falls within use class E (offices) and therefore could suit other uses within the same use class, or for conversion back to its original residential use.

Nos. 18 & 19 are Grade II Listed and in a Conservation Area.

We recommend interested parties make their own enquiries of the local planning authority to establish the current use and the potential for other uses.