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Block of Commercial Investment Properties

Key features

  • COMMERCIAL INVESTMENT OPPORTUNITY
  • 3 COMMERCIAL UNITS
  • BLOCK OF 3 FLATS
  • CURRENTLY LET
  • FULL DETAILS AVAILABLE
  • £43,329 YEARLY INCOME
  • BEING SOLD VIA 'SECURE SALE'

Description

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £315,000.

The Norfolk Agents are pleased to be able to offer this superb investment opportunity for sale. The premises are situated close to the hospital, the popular area of Gaywood with many recreational and shopping facilities including Tesco, Aldi, dentists, launderette/dry cleaner, schools and chemist and the Kings Lynn town centre is easily accessible. The premises have the benefit to use a free, public car park at the rear of the building.

3- 5 Wootton Road, Kings Lynn PE30 4EZ and 1b, c and d River Lane, Kings Lynn.
This building comprises 3 occupied residential units, 3 occupied commercial units, a communal stairwell/hall and some nominated parking spaces shared between Betfred and 1e River Lane. The building has brick walls, single glazed windows and a mostly tiled roof with additions.

TENANCY DETAILS :-

3 x residential Units -known as 1b, c and d River Lane, Kings Lynn PE30 4ED - Periodic tenancies
1 d - Periodic Tenancy retaining 1 month notice period as per the original term.
Second floor.
Tenancy 01/09/2021 - present
This unit comprises a three bedroom flat.
Council Tax Band A
EPC Rating - C - The full report is available to download or can be provided by The Norfolk Agents

1c - Periodic Tenancy with 2 month notice period to vacate
Tenancy 15/7/2026 - present
This unit comprises a studio flat with separate kitchen.
Council Tax Band A
EPC Rating - D - The full report is available to download or can be provided by The Norfolk Agents

1b - Periodic Tenancy with 2 month notice period to vacate
Tenancy 19/06/2026 - present
This unit has one bedroom with a separate private bathroom across the hall. There is no plumbing for washing machine.
Council Tax Band A
EPC Rating - D - The full report is available to download or can be provided by The Norfolk Agents

Combined rental for 3 residential flats - £1465 per calendar month.

3 Commercial Units secure with the Landlord and Tenant 1954 Act

1E River Lane
£416.66 from 03/10/2025 -02/10/2028 (long term likely)
This unit comprises a hall, waiting room, reception room, kitchen area and cloakroom.
Total floor area 80 sq metres approx
The unit is currently used as a beauty salon.
EPC Rating C - The full report is available to download or can be provided by The Norfolk Agents.

Unit 1, 3 Wootton Road, Kings Lynn (currently trading as a phone repair shop)
This unit comprises main shop with approx 3 metre frontage and depth of 6.2m widening out to a width of 3.55 metres and a depth of 3.5 metres. Cloakroom with door giving access to communal entrance hall and rear car parking area.
Total floor area 31 sq metres approx.
£1,250 per quarter 01/09/2020 - 31/08/2030
EPC - TBC

Betfred, 3-5 Wootton Road, Kings Lynn
Recess door with display unit to main shop area and cloakroom.
Total floor area - 145 sq metres approx
£17,000 per annum 19/08/2026 - 18/08/3031
EPC Rating B - The full report is available to download or can be provided by The Norfolk Agents.

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and
are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction
terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The
Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being
shared between both any marketing agent and The Auctioneer in order that all matters can be dealt
with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will
be required to adhere to a verification of identity process in accordance with Anti Money Laundering
procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with
the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied
by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will
typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold
prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains
details relevant to the legal documentation enabling all interested parties to make an informed
decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’
commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding
with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts
the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the
purchase price of the property. The deposit will be a contribution to the purchase price. A nonrefundable
reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc
VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the
agreed purchase price and consideration should be made by the purchaser in relation to any Stamp
Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to
pass their details to third party service suppliers, from which a referral fee may be obtained. There is
no requirement or indeed obligation to use these recommended suppliers or services.


1. To comply with the Money Laundering Regulations, we must verify your identification documents and source of funds. These checks are carried out by Coadjute, a regulated third-party provider. A £45 fee (+ VAT) per client applies to cover administration and verification, payable at the outset.
2. While we endeavour to make our sales details fair, accurate and reliable, they are only a general guide to the property. If there is any point which is of particular importance to you, please contact the office and we will be pleased to make further investigations.
3. The measurements indicated are supplied for guidance only.
4. Please note we have not tested the services or any of the equipment or appliances in this property. We strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. THE NORFOLK AGENTS LIMITED NOR ANY OF ITS EMPLOYEES HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATSOEVER IN RELATION TO THIS PROPERTY.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Ask agent
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

Energy performance certificate - ask agent

Block of Commercial Investment Properties

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Affordability

Monthly repayments£1,575
Property: £ 315,000
Deposit: £ 31,500
Interest rate: 5.3%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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About The Norfolk Agents, Fakenham

Marston & Langinger House, 13 George Edwards Road, Fakenham, NR21 8NL
Industry affiliations:

At The Norfolk Agents we believe that vendors shouldn't still be expected to pay the inflated fees most High Street agencies charge, but both vendors and buyers alike deserve more than national online agencies can offer. The Norfolk Agents combine the best of both offerings, to provide a cost effective package that you can control, backed up by high quality marketing and first class customer service which is provided locally by our friendly and experienced team.

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Notes

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Disclaimer - Property reference THN_THN_LFSYCL_474_642556171. 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 The Norfolk Agents, Fakenham. 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 The Norfolk Agents, Fakenham on 01328 803445.

*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.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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