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4 bed property
120 Norfolk Street, King's Lynn PE30
£280,000
120 Norfolk Street, King's Lynn PE30
£280,000
Our Summary
- With an existing HMO-style setup and expired planning permission to extend the upper floors by 3 metres to the rear, this property is bursting with potential for investors, developers, or business owners alike
- While the building would benefit from some refurbishment and general modernisation, it offers significant scope for value enhancement and rental yield increase, whether retained as a combined commercial/residential unit, converted entirely to residential use (STPP), or extended to maximise footprint
- While the accommodation requires updating, it offers excellent rental potential, especially with further enhancement or reconfiguration
- Expired planning permission to extend
- Scope for refurbishment throughout
Description
This versatile property in King's Lynn town centre offers a unique opportunity for investors, developers, or business owners. The mixed-use freehold property comprises a ground floor commercial unit, previously a takeaway and pizzeria, and a four-bedroom residential flat above. The commercial space features a prominent shopfront and well-equipped kitchen, while the residential flat requires updating but offers excellent rental potential. The property has expired planning permission to extend the upper floors, providing significant scope for value enhancement and rental yield increase. Located on a busy pedestrian thoroughfare, the property enjoys high footfall and excellent visibility, with nearby amenities including the train station, shopping centre, and car parks. With some refurbishment and modernisation, this property offers a lucrative investment opportunity or a chance to create a unique business venture.