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4 bed property
120 Norfolk Street, King's Lynn PE30
£290,000
120 Norfolk Street, King's Lynn PE30
£290,000
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 property, Pizza Piazza, is a unique opportunity in the heart of King's Lynn town centre, offering a mixed-use freehold property with a ground floor commercial unit and a four-bedroom residential flat above. The property has a prominent location on Norfolk Street, with a full-width glazed shopfront and signage potential. The commercial space was previously used as a takeaway and pizzeria, and could be reactivated or reconfigured for alternative uses. The upper floors are currently arranged as a four-bedroom flat, which could be updated and reconfigured for further rental potential. The property has expired planning permission to extend the upper floors, offering significant scope for value enhancement and rental yield increase. With a guide price of £290,000-£300,000, this property presents a versatile opportunity for investors, developers, or business owners.