This property is currently leased to Reed in Partnership Limited, generating a consistent rental income of £25,000 per annum, making it a solid investment from the outset. The ground floor accommodates a Driving Theory Test Centre, which was modernized in 2021 and features partitioned offices, examination rooms, a waiting area, kitchenette, and disabled restroom facilities.
Above the ground floor, the upper levels comprise vacant storage and office space that presents a significant opportunity for renovation or conversion into residential units, subject to obtaining the necessary planning permissions and listed building consent. With independent access from Sedgeford Lane, these upper floors can be creatively transformed to maximize their potential.
Situated in a prime location within the pedestrianized retail quarter of King's Lynn at the intersection of New Conduit Street and High Street, this property benefits from high visibility and foot traffic. King's Lynn itself is a historic market town with over 42,000 residents and serves as an important sub-regional center. The town offers excellent transportation links via several major roads including the A10 and A47, as well as a mainline rail connection to London King's Cross in approximately one hour and forty minutes.
Given its strategic location within the town center and its existing rental income combined with the potential for development on the upper floors, this property not only represents an attractive investment opportunity but also invites further exploration into residential conversion possibilities that could enhance its value in the future.
