Instantly find listings for sale in your area

"

An investment opportunity comprising 2 commercial units Potential income £21,000 pa and 3 flats Current income £21,540 pa being situated on the main thoroughfare to King s Lynn in a prominent position.

The two commercial units have a potential income of £21,000 per annum. 54 London Road was previously let to Pizza Hut for £16,000 per annum and 55 London Road was previously let as a Tattoo parlour for £8,400 per annum. The 3 flats are currently let on assured shorthold tenancies and generate an annual income of £21540. The flats are accessed from Guanock Terrace and their addresses are 51a, 51b and 52 Guanock Terrace, King s Lynn, PE30 5QH. The potential yield is around 12% if both commercial units are let for £12,500 54 and £8,500 55 per annum.

The current rents are

51a Guanock Terrace 2 bedroom flat £495 PCM Potential for further increase

51b Guanock Terrace £750 PCM 2 bedroom flat £750 PCM

52 Guanock Terrace 1 bedroom apartment £550PCM

The property forms part of a row of small, independent shops including caf and convenience store and benefits from a 30 minute parking bay directly outside. The town centre is within walking distance and the bus and railway stations.

London Road is a residential area being close to the town centre with its regular bus service, local shops, primary and secondary schools and there is good access to the Queen Elizabeth Hospital, and the various industrial estates. The railway station and town library are within walking distance of the property, as is The Walks park area.

Borough Council King s Lynn & West Norfolk, King s Court, Chapel Street, King s Lynn, Norfolk, PE30 1EX

51a, 51b and 52 Guanock Terrace, King s Lynn, PE30 5QT All 3 flats Council Tax Band A.

EPC 51a, 51b and 52 Guanock Terrace All 3 flats EPC E.

EPC 54 London Road E 55 London Road B.

54 London Road Current rateable value 1 April 2023 to present £11,750.

55 London Road Current rateable value 1 April 2023 to present £7,000.