This property is no longer on the market
1 bedroom property
Key information
Property description & features
- Tenure: Freehold
- Mixed use investment opportunity
- Ground floor tattoo parlour
- 3x self-contained apartments
- Annual income of £25,200
- Great central location
- Freehold title
We are pleased to offer to auction this fantastic mixed use investment, well located along Littleport Street, King's Lynn. The portfolio comprises a ground floor tattoo shop plus 3x residential apartments. One flat is on the ground floor comprising of 1 bedroom, the second flat is spread over 2 floors with 1 bedroom and the final flat is on the first floor with 2 bedrooms. All units are currently tenanted, offering a strong yield and generating an income of £25,200 per annum.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Littleport Street, King's Lynn. The subject property is well located along a residential street with easy access to King's Lynn town centre. The town centre is a 6 minutes walk away with King's Lynn train station being a 4 minutes walk away. The subject property is 58 miles east of Peterborough and 106 miles north east of London.
Accommodation
GROUND FLOOR COMMERCIAL UNIT:
Reception area - 4.77m x 4.68m
Tattoo area - 6.24m x 3.91m
Kitchen - 3.61m x 2.95m
Lobby - 2.41m x 1.36m
W.C. - 3.7m x 1.31m
FLAT A:
Kitchen - 3.16m x 2.78m
Lounge - 4.61m x 3.14m
Bedroom - 3.4m x 3.05m
Bathroom - 2.96m x 2.22m
FLAT B:
Bathroom - 2.73m x 1.55m
Kitchen - 2.8m x 1.55m
Lounge - 4.75m x 2.56m
Bedroom - 5.3m x 3.77m
FLAT C:
Kitchen - 4.47m x 3.64m
Shower room - 2.25m x 1.35m
Cloakroom - 2.25m x 0.89m
Bedroom 1 - 3.33m x 2.25m
Bedroom 2 - 3.24m x 3.03m
Lease Details
We are advised that the units are currently let as follows:
Tattoo shop: £600pcm
Flat A: £450pcm
Flat B: £500pcm
Flat C: £500pcm.
This totals an annual income of £24,600. Further lease details will be included within the legal pack.
Tenure
Freehold. Title number NK272429.
Rateable Value
The adopted rateable value is £3,650 as of 15th September 2019.
Sourced from VOA.
EPC
Available upon request (ratings F, E, E and E).
Places of interest
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