7 Norfolk Street, Kings Lynn, Norfolk, PE30 1AR

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

How it compares

History

• First listed on Cornerlot 11 Oct 2026.
• Guide cut from £553,000 to £510,000 (8% lower), 16 Oct 2026.
• Listed before with Allsop for 24 Mar 2026: Unsold, guide £575,000. See that listing

Future Property Auctions' record

About the lot

Freehold retail lot in Kings Lynn. Producing £70,000 a year, a 13.0% gross yield at the guide.

Commercial Investment. INCOME PRODUCING INVESTMENT* Tenanted retail unit in in EXCELLENT TRADING POSITION over ground & first floor with parking. Currently producing £70,000 per annum on a FRI Lease. SUPERSIZE 13,099 sq ft. Entirely let to TG Jones Retail Holdings Limited (t/a TG Jones, formerly WH Smith) On a lease expiring 2029 (no breaks). Current Rent Reserved £70,000 p.a. Market rent £140,000 p.a. Ground floor compromises a substantial retail area. At the rear is the Post Office customer service counter and financial advisory room, with a storage space and area to access to the service lift. The first floor includes a large storage space, offices, and staff amenities. The layout provides options for development and alternative uses (subject to planning consent). POPULAR LOCATION Occupiers close by include Specsavers, Vodaphone, Cafe Nero. Three, The Works, Mark & Spencer, JD Sports, Halifax and Boots Opticians amongst others. INCOME PRODUCING INVESTMENT* Tenanted retail unit in in EXCELLENT TRADING POSITION over ground & first floor with parking. Currently producing £70,000 per annum on a FRI Lease. SUPERSIZE 13,099 sq ft. Entirely let to TG Jones Retail Holdings Limited (t/a TG Jones, formerly WH Smith) On a lease expiring 2029 (no breaks). Current Rent Reserved £70,000 p.a. Market rent £140,000 p.a. Total accommodation of approx. 1,216.95 sq m (13,099 sq ft). Ground floor compromises a substantial retail area. At the rear is the Post Office customer service counter and financial advisory room, with a storage space and area to access to the service lift. The first floor includes a large storage space, offices, and staff amenities. The layout provides options for development and alternative uses (subject to planning consent). There is a large loading and parking area at the rear via Broad Street, with space for at least 10 cars. POPULAR LOCATION Occupiers close by include Specsavers, Vodaphone, Cafe Nero. Three, The Works, Mark & Spencer, JD Sports, Halifax and Boots Opticians amongst others. Tenancy: Type of Agreement: Full Repairing & Insuring (FRI). Length: 4 Years. Rent: £70,000 per year / £5,833 per month. Yield: 14% (approx). Tenant: Company. Notes: Rent rebased from £140,000 PA NOW £70,000 PER ANNUM Lease extended to 2029. Norfolk Street is a street in King’s Lynn, a historic market town and port in the county of Norfolk. It lies in the town centre of King’s Lynn and is located close to the town’s main shopping and pedestrianised areas, linking High Street with other central streets. Norfolk Street is primarily commercial and retail, forming part of the busy town centre around High Street and the pedestrianised shopping zones. It is lined with shops and businesses typical of a market town centre (e.g., clothing stores and independent shops), and sits near larger retailers and the Vancouver Quarter shopping area.