Report a Fault North Lynn Business Village, Kings Lynn, Norfolk PE30 2JG
10,200 Sq Ft
£40,000
- Type: Investment
- Availability: Sold STC
For Sale: 8 Ground Rents on a secured on small purpose-built office building development totalling 10,200 sq.ft/947.60 sq/m located on a substantial employment area about 2 miles east of Kings Lynn town centre.
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.
Units 1-4 were sold off freehold some years ago and do not form part of the sale.
Current income totals £1,921.80 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: Freehold
Sale Price: £40,00 Subject To Contract. Equating to a Gross Initial Yield of 5%
Contact lucy.warriner@fifieldglyn.com for a inspection.
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.
Units 1-4 were sold off freehold some years ago and do not form part of the sale.
Current income totals £1,921.80 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: Freehold
Sale Price: £40,00 Subject To Contract. Equating to a Gross Initial Yield of 5%
Contact lucy.warriner@fifieldglyn.com for a inspection.
