Holland & Barrett, 14 Norfolk Street King's Lynn Norfolk PE30 1AR

Holland & Barrett, 14 Norfolk Street
King's Lynn
Norfolk
PE30 1AR

Freehold Retail Investment

Entirely Let to Holland & Barrett Retail Limited on a New Lease from June 2022 at a Rebased Rent
Tenant in Occupation Since 1986
Comprising Ground, First and Second Floors
Return Frontage to Broad Street
Popular Retailing Location
Nearby Occupiers Include Marks & Spencer, Vodafone, Specsavers, WH Smith and Waterstones

Lot
7
Auction
22nd September 2022
Rent
£22,500 per Annum Exclusive
Status
Sold
Price
£350,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Entirely Let to Holland & Barrett Retail Limited on a New Lease from June 2022 at a Rebased Rent
Tenant in Occupation Since 1986
Comprising Ground, First and Second Floors
Return Frontage to Broad Street
Popular Retailing Location
Nearby Occupiers Include Marks & Spencer, Vodafone, Specsavers, WH Smith and Waterstones

Lot 7
Auction 22nd September 2022
Rent £22,500 per Annum Exclusive
Status Sold
Price £350,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 36 miles north-east of Peterborough, 43 miles west of Norwich
Roads: A10, A17, A47
Rail: King’s Lynn Railway Station (direct to London King’s Cross)
Air: London Stansted Airport

Situation

The property is prominently located in a corner position on the south side of Norfolk Street, a busy pedestrianised retailing thoroughfare, at its junction with Broad Street. Neighbouring occupiers include Marks and Spencer, Vodafone, The Works, Specsavers, WH Smith, CEX and Waterstones.

Tenure

Freehold.

Location

Miles: 36 miles north-east of Peterborough, 43 miles west of Norwich
Roads: A10, A17, A47
Rail: King’s Lynn Railway Station (direct to London King’s Cross)
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor which benefits from dual frontage on to Broad Street and Norfolk Street with ancillary accommodation on the first floor. The second floor provides ancillary accommodation with access via a hatch on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground First Second	Retail Ancillary Ancillary	128.76 120.86 -	(1,386) (1,301) -	HOLLAND & BARRETT RETAIL LIMITED (1)	3 years from 01/06/2022	£22,500
Total Approximate Floor Area		242.40	(2,607) (2) (3)			£22,500

(1) For the year ending 30/09/2021 Holland & Barrett Retail Limited reported a Turnover of £528,592,000, a Pre-Tax Profit of £43,626,000 and a Net Worth of £274,434,000. (NorthRow 22/08/2022) Holland & Barrett is is one of the world’s leading health and wellness retailers and the largest in Europe trading from over 1,300 locations in 16 countries (www.hollandandbarrett.com). The tenant has been in occupation since 1986 and have recently signed a new lease commencing June 2022 at a rebased rent.
(2) The floor areas stated above have been provided by the Vendor.
(3) Access to the second floor is via hatch only and therefore no indicative floor areas have been provided.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.