North Lynn Business Village, Kings Lynn, Norfolk PE30 2JG

10,200 Sq Ft
£40,000
  • Type: Investment
  • Availability: Sold STC
Situation
The Ground Rents are secured on 8 small purpose built office buildings located on a substantial employment area about 2 miles east of Kings Lynn
town centre as shown on the location plan.

Description
North Lynn Business Village extends to 12 small 2 storey office buildings built of brick under pitched tile covered rooves in the 1990's. The buildings
extend to about 10,200 sf together with 48 car spaces on a 1.27 acre site as shown on the Promap.
Units 1-4 were sold off freehold some years ago and do not form part of the sale.

Income
Current income totals £1,921.00 pa

Rent Reviews
The Ground Rents are reviewable every 5 years to 1% of the Rack Rental Value of the building.
Next Reviews 2024.

Tenure Comments
Freehold.

Price
£40,000
Subject to Contract. Equating to a Gross Initial Yield 5%

Inspection
Lucy Warriner
Lucy.warriner@fifieldglyn.com
07903 092763