16/16a King Street, Thetford, IP24 2AP
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- View more: underthehammer.com
Description
For sale by Under the Hammer online auction on Wednesday 12th August 2026. Head over to our website to download the legal pack, register to bid and see more information.
A Freehold Town Centre Retail Investment prominently positioned on the prime pedestrianised section of King Street in the heart of Thetford town centre. Fully let to Phoenix Vapers Limited (trading as Phoenix Vapers) who hold multiple sites across the UK, this commercial investment offers an attractive opportunity for investors seeking an established income-producing asset in a strong retail location.
The property comprises a ground floor retail unit with ancillary accommodation to the first floor, providing well-arranged commercial space suitable for the tenant's ongoing business. The current lease commenced on 24th April 2024 for a term of 5 years, expiring in April 2029, with no break clauses, producing a current rental income of £20,000 per annum. The unit is approximately 94.21sq m (1,014sq ft)
Occupying a highly visible position within Thetford's principal shopping area, the property benefits from consistent pedestrian footfall and is surrounded by a range of established national retailers including Costa Coffee, Poundland, Card Factory, The Works, Savers Health & Beauty, and TG Jones, reinforcing the strength of the location and its long-term investment appeal.
Situated in the historic market town of Thetford, the property enjoys excellent accessibility with a wide range of shops, cafés, restaurants, and local amenities close by. The town benefits from strong transport links via the A11, providing direct connections to Norwich, Cambridge, and the wider East Anglia region, while Thetford railway station offers regular services to Cambridge, Norwich, and London, making this a well-connected and desirable commercial investment location.
Here's what to do next
- Visit - Our website and view the auction terms.
- View - Book a viewing directly through our website.
- Register - Get registered prior to the auction opening date.
- Legal Pack - Download and view the legal pack to find out all the relevant information.
- Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
- Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
Brochures
Brochure 116/16a King Street, Thetford, IP24 2AP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Thetford Station0.4 miles
Notes
Disclaimer - Property reference a0YQ400000cMk1XMAS. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Under The Hammer, Covering Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Under The Hammer, Covering Nationwide on 03455 120115.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”