Units 1-7 Hansa Court, Bergen Way, KING'S LYNN, Norfolk, PE30 2HN

Freehold Mixed Use Commercial Investment
Established North Lynn Ind estate location.
Over 1,461 sq.m. (15,535 sq. ft.) plus parking
Site Area approx. 0.74 Acre
Investment Producing over £93,000 pa

Location:
Situated in North Norfolk and close to the Sandringham estate, Kings Lynn is a market town and port and is a commercial hub to this part of Norfolk. The town lies on the main road intersection of the A17, A47, A10 and A149 making it an important transport and distribution hub for the outlying areas around the county and beyond. The property is centrally located within North Lynn Industrial Estate which lies to the north of the town centre and is a modern quality business centre with a broad range of companies. The town itself provides comprehensive shopping and recreational facilities with the rail station at Kings Lynn providing fast connections to nearby commercial centres and a direct service to London Kings Cross.

Description:
Providing a total of some 1,461 sq.m. (15,535 sq. ft.) of business space, Hansa Court is a detached building of part brick and formed clad elevations arranged over two floors. Internally it is divided to provide a range of business units internally arranged to provide a range of office, workshop and warehousing
space. The building has a footprint of some 1,037 sq. m (11,162 sq.ft.) and is set within a total site area of some 3,000 sq.m. (0.74 acre) with the external space providing ample room for loading and parking areas.

Total Rent Reserved
£93,716 per annum

VAT:
Is applicable to this lot

Accommodation:
Units 1,2 and 3
Ground Floor:
Area under mezzanine 103.6 sq.m.(1,115.1 sq.ft.)
Warehouse Space 16.1 sq.m.(173.2 sq.ft.)
Office 270.9 sq.m.( 2,915.9 sq.ft.)

First Floor
Office 285.7 sq.m.( 3,075.2 sq.ft.)
Mezzanine Store 87.5 sq.m.( 941.8 sq.ft.)

TOTAL 763.8 sq.m.( 8,221.4 sq.ft.)

Lease: Let ( with unit 7) to J D Colling System Limited on a recently renewed lease for 5 years from 20/08/2021

Rent p.a: £54.395 (inc unit 7 )

Review/Notes: Rent Review due at 30/6/2024. Break clause at 31/08/2024


Unit 4 Accommodation:
Ground Floor 121.5 sq.m.( 1,307.7 sq.ft.)
Mezzanine Floor 121.5 sq.m.( 1,307.7 sq.ft.)

TOTAL 243.0 sq.m.( 2,615.6 sq.ft.)

Lease: Let to Just 4U Fitness for 5 years from 6/11/2020

Rent p.a: £12,996

Review/Notes: Rent Review due at 06/11/2023. Break clause at 06/11/2023


Unit 5 Accommodation:
Ground Floor
Workshop Area 241.8 sq.m.( 2,607.7 sq.ft.)

Lease: Let to Just 4U Fitness on a lease expiring November 2026

Rent p.a: £18,000


Unit 6 Accommodation:
Ground Floor
Workshop Area 101.7 sq.m.( 1,094.6 sq.ft.)

Lease: Let to Tapping House Norfolk Hospice Trust for a term from 01/06/2021 until 31/05/2027

Rent p.a: £8,325

Review/Notes: Break clauses as at 01/07/2022 and 01/07/2023


Unit 7 Accommodation:
Ground Floor Workshop Area 111.6 sq.m.( 1,201.2 sq.ft.)

Lease:Let to JD Colloing Limited as part of lease of units 1,2 & 3

Rent p.a: See units 1,2 & 3

Review/Notes See units 1,2 & 3







Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
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1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.