Allsop · 24 Mar 2026
Well located Freehold Shop Investment
7 Norfolk Street, King's Lynn, Norfolk, PE30 1AR · East of England
UnsoldRetailFreeholdLet
- Guide
- £575,000
- Rent a year
- £70,000
- Yield on the guide
- 12.2%
- Payback
- 8.2 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
- Size
- 13,099 sq ft£5.34 rent per sq ft
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.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
Allsop hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.
How it compares
Market comparisons: included with access, £49 a month. Start with a free account.
Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Allsop's record
Allsop's results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Well located Freehold Shop Investment. Entirely let to TG Jones Retail Holdings Limited (t/a TG Jones, formerly WH Smith). On a lease expiring 2029 (no breaks). Total accommodation of approx. 1,216.95 sq m (13,099 sq ft). Pedestrianised town centre location close to Kings Lynn Rail Station. Occupiers close by include Specsavers, Caffe Nero & Marks & Spencer. VAT is applicable. The property is arranged over two floors, with the ground floor accommodating a substantial retail area forming the majority of the space. Situated at the rear of the store is the Post Office customer service counter and financial advisory room. A storage space and area to access to the service lift finishes the ground floorplate. The upper floor is well lit and currently includes a large storage space, offices, and staff amenities. The layout provides options for development and alternative uses (subject to planning consent). The building has a combination of pitched and flat roofs. There is a large loading and parking area at the rear via Broad Street, with space for at least 10 cars. King's Lynn is a port and commercial centre located on the River Great Ouse, 41 miles west of Norwich and 34 miles north-east of Peterborough. The town benefits from being adjacent to the A47, which links the town to both Norwich and Peterborough and the A10 which is the main route to Cambridge. The property is located some 530m from King's Lynn Station, providing direct services to London Kings Cross. The property is situated in a prominent position on the south side of Norfolk Street, close to its junction with Broad Street. Occupiers close by include Specsavers, Vodaphone, Cafe Nero. Three, The Works, Mark & Spencer, JD Sports, Halifax and Boots Opticians amongst others
Figures come from Allsop's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.