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26 High Street, King's Lynn

Guide Price
£260,000

£80.55 per sq ft

Business rates & charges may apply

Savills, Savills Auctions- Commercial
SIZE AVAILABLE

3,228 sq ft

300 sq m

SECTOR

Mixed use property for sale

Key features

  • 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 (9.62% GIY on Guide Price) with Vacant Upper Parts

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.

Brochures

26 High Street, King's Lynn

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kings Lynn Station0.3 miles

About Savills, Savills Auctions- Commercial

33 Margaret Street, London, W1G 0JD

Notes

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