Commercial Development in PE30

For Sale Via Online Auction. Fees Apply.

We are pleased to be able to offer this superb investment opportunity for sale. The premises are situated close to the hospital, the popular area of Gaywood with many recreational and shopping facilities including Tesco, Aldi, dentists, launderette/dry cleaner, schools and chemist and the Kings Lynn town centre is easily accessible. The premises have the benefit to use a free, public car park at the rear of the building.

3- 5 Wootton Road, Kings Lynn PE30 4EZ and 1b, c and d River Lane, Kings Lynn.
This building comprises 3 occupied residential units, 3 occupied commercial units, a communal stairwell/hall and some nominated parking spaces shared between Betfred and 1e River Lane. The building has brick walls, single glazed windows and a mostly tiled roof with additions.

TENANCY DETAILS :-

3 x residential Units -known as 1b, c and d River Lane, Kings Lynn PE30 4ED - Periodic tenancies
1 d - Periodic Tenancy retaining 1 month notice period as per the original term.
Second floor.
Tenancy 01/09/2021 - present
This unit comprises a three bedroom flat.
Council Tax Band A
EPC Rating - C - The full report is available to download or can be provided by The Norfolk Agents

1c - Periodic Tenancy with 2 month notice period to vacate
Tenancy 15/7/2026 - present
This unit comprises a studio flat with separate kitchen.
Council Tax Band A
EPC Rating - D - The full report is available to download or can be provided by The Norfolk Agents

1b - Periodic Tenancy with 2 month notice period to vacate
Tenancy 19/06/2026 - present
This unit has one bedroom with a separate private bathroom across the hall. There is no plumbing for washing machine.
Council Tax Band A
EPC Rating - D - The full report is available to download or can be provided by The Norfolk Agents

Combined rental for 3 residential flats - £1465 per calendar month.

3 Commercial Units secure with the Landlord and Tenant 1954 Act

1E River Lane
£416.66 from 03/10/2025 -02/10/2028 (long term likely)
This unit comprises a hall, waiting room, reception room, kitchen area and cloakroom.
Total floor area 80 sq metres approx
The unit is currently used as a beauty salon.
EPC Rating C - The full report is available to download or can be provided by The Norfolk Agents.

Unit 1, 3 Wootton Road, Kings Lynn (currently trading as a phone repair shop)
This unit comprises main shop with approx 3 metre frontage and depth of 6.2m widening out to a width of 3.55 metres and a depth of 3.5 metres. Cloakroom with door giving access to communal entrance hall and rear car parking area.
Total floor area 31 sq metres approx.
£1,250 per quarter 01/09/2020 - 31/08/2030
EPC - TBC

Betfred, 3-5 Wootton Road, Kings Lynn
Recess door with display unit to main shop area and cloakroom.
Total floor area - 145 sq metres approx
£17,000 per annum 19/08/2026 - 18/08/3031
EPC Rating B

Description

3- 5 Wootton Road, Kings Lynn PE30 4EZ and 1b, c and d River Lane, Kings Lynn. This building comprises 3 occupied residential units, 3 occupied commercial units, a communal stairwell/hall and some nominated parking spaces shared between Betfred and 1e River Lane. The building has brick walls, single glazed windows and a mostly tiled roof with additions.

Location

The premises are situated close to the hospital, the popular area of Gaywood with many recreational and shopping facilities including Tesco, Aldi, dentists, launderette/dry cleaner, schools and chemist and the Kings Lynn town centre is easily accessible.

Tenure

Title number NK279599 - Freehold

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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