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Lot 38 - 2 London Road, King's Lynn, Norfolk, PE30 5PY

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FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT

Guide price: £160,000 - £170,000 *

Auction Date

Monday, 2nd October 2017 11:00am

Location & Description

A terraced property arranged as a ground floor restaurant with a self-contained split level flat above.
On the east side of London Road about ¼ mile south of King's Lynn town centre and close to the junction with Hospital Walk. London Road (A148) is the main arterial route leading into the town centre from the south, the A10 and A17.
King's Lynn is approximately 100 miles north of London and 30 miles east of Peterborough.

ACCOMMODATION (Not inspected)

Ground Floor Restaurant: 305 sq ft (28.3 sq m)
Kitchen 285 sq ft (26.5 sq m)
Self-Contained Upper Part:
Second Floor: 1 room
First Floor: 2 rooms, reception, kitchen, bathroom/WC
Rear garden
Trading as Spice Inn, the entire property is subject to a 7 year lease from September 2014 at £15,000 p.a.

Note

We understand that the tenant refurbished the kitchen and restaurant approximately 4 years ago.

EQUIVALENT TO £15,000 p.a.

EPC Rating

Retail: E Residential: On application

Result

Refer to auctioneer

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.