Let to Dignity Funerals Limited until 2030 (no breaks)
Prominent High Street Location
Asset Management Opportunity
Residential Conversion Potential of Upper Parts (Subject to Consents)
Nearby occupiers include Boots, Sports Direct, Trespass, Primark, Clarks, Subway and Savers
Lot 26
Auction 27th March 2025
Rent £27,500 per Annum Exclusive
Status Available
Guide* £250,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
29 miles east of Peterborough, 38 miles west of Norwich, 39 miles north of Cambridge
Roads
A10, A149, A47, A17
Rail
Kings Lynn Railway Station
Air
London Stansted Airport, Norwich Airport
Situation
The property is centrally situated, occupying a prime retail position on the western side of the pedestrianised High Street, close to the junction with Baker Lane. Nearby occupiers include Boots, Sports Direct, Trespass, Primark, Clarks, Subway and Savers.
Tenure
Freehold.
Location
Miles
29 miles east of Peterborough, 38 miles west of Norwich, 39 miles north of Cambridge
Roads
A10, A149, A47, A17
Rail
Kings Lynn Railway Station
Air
London Stansted Airport, Norwich Airport
Situation
The property is centrally situated, occupying a prime retail position on the western side of the pedestrianised High Street, close to the junction with Baker Lane. Nearby occupiers include Boots, Sports Direct, Trespass, Primark, Clarks, Subway and Savers.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor with office and ancillary accommodation on the first floor. The property benefits from rear access via Granary Court where there is a public car park.
VAT
VAT is not applicable to this lot.
Note
The Photographs were taken in September 2024.
Completion Period
Six Week Completion
EPC
D
Description
The property comprises retail accommodation on the ground floor with office and ancillary accommodation on the first floor. The property benefits from rear access via Granary Court where there is a public car park.
VAT
VAT is not applicable to this lot.
Note
The Photographs were taken in September 2024.
Completion Period
Six Week Completion
EPC
D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Reviews (Reversion)
Ground First First
Retail Ancillary/Office Office
109.40 25.80 60.90
(1,178) (278) (656)
DIGNITY FUNERALS LIMITED (CRN: 00041598) (2)
15 years from 25/03/2015
£27,500
24/03/2020 and 2025 (24/03/2030)
Total Approximate Floor Area
196.10
(2,112)
£27,500
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/205687016) (2) Dignity Funerals Limited is one of the UK’s most trusted providers of Funeral Services and Prepaid Funeral Plans. Dignity owns over 800 funeral locations and operates 46 crematoria in the UK (www.dignityfunerals.co.uk). The tenant is not currently in occupation of the property.
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.
