Costa Coffee, The Cornhall 7 Market Place Swaffham Norfolk PE37 7AB

Costa Coffee, The Cornhall
7 Market Place
Swaffham
Norfolk
PE37 7AB

Freehold Retail Investment

Entirely let to tenant trading as Costa
New 10 year lease from May 2024 (subject to option)
Substantial Grade II listed building approx. 294.07 sq m (3,165 sq ft)
Prominent town location in historic market town
Nearby occupiers include Iceland, Superdrug, Morrisons Daily, Domino's and The Works

Lot
2
Auction
15th May 2025
Rent
£23,500 per Annum Exclusive
Status
Available
Guide*
£250,000
Auction Venue
Live Streamed Auction
On Behalf of TT Group
Octopus Bridging Loan for Buyers

Interested?

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Freehold Retail Investment

Entirely let to tenant trading as Costa
New 10 year lease from May 2024 (subject to option)
Substantial Grade II listed building approx. 294.07 sq m (3,165 sq ft)
Prominent town location in historic market town
Nearby occupiers include Iceland, Superdrug, Morrisons Daily, Domino's and The Works

Lot 2
Auction 15th May 2025
Rent £23,500 per Annum Exclusive
Status Available
Guide* £250,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of TT Group

Property Information

Location

Miles: 13 miles south east of King's Lynn, 25 miles west of Norwich, 38 miles north east of Cambridge
Roads: A47, A1065,
Rail: King's Lynn Railway Station
Air: London Stanstead Airport, Norwich Airport

Situation

The property is located in the heart of Swaffham town centre, overlooking Swaffham War Memorial, at the junction of the A1065 and Lynn Street. Nearby occupiers include Iceland, Superdrug, Morrisons Daily, Domino's and The Works.

Tenure

Freehold.

Location

Miles: 13 miles south east of King's Lynn, 25 miles west of Norwich, 38 miles north east of Cambridge
Roads: A47, A1065,
Rail: King's Lynn Railway Station
Air: London Stanstead Airport, Norwich Airport

Situation

Tenure

Freehold.

Description

The property comprises an attractive Grade II listed detached building providing retail and ancillary accommodation on both the ground and first floors.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises an attractive Grade II listed detached building providing retail and ancillary accommodation on both the ground and first floors.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (3)	Floor Areas Approx sq ft (3)	Tenant	Term	Rent p.a.x.	Rent Review
Ground First	Retail/Ancillary Retail/Ancillary	138.43 155.64	(1,490) (1,675)	AIMES LIMITED t/a Costa (1)	10 years from 22/05/2024 (2)	£23,500	22/05/2029
Total		294.07	(3,165)			£23,500

(1) Aimes Limited is wholly owned by Scoffs Group UK, the largest franchised partner of Costa Coffee in the UK currently trading from 114 stores. Scoffs Group have recently arrounded a new partnership with Burger King UK and Itsu. (www.scoffs-group.co.uk).
(2) The lease provides for a tenant option to determine on 22/05/2030.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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.