Summary - 44, King Street,THETFORD,IP24 2AP IP24 2AP
1 bed 1 bath Shop
**Standout Features:**
- Prime town center location
- Fully let with annual income of £61,600
- 7.23% net initial yield
- Multi-unit investment: two retail shops and three residential flats
- EPC ratings: 42 (E), 44 (C), 44A (D), 44B (D), 44C (C)
- Freehold property with existing tenancies
**Summary:**
Discover an excellent investment opportunity at 42-44 King Street, Thetford. This expansive freehold multi-let property, spanning 4,032 square feet, is fully occupied and generates an impressive annual income of £61,600, offering a robust 7.23% net initial yield. Featuring two ground-floor retail units—a bustling off-license and a mini-market—alongside three well-let two-bedroom flats above, the property combines commercial and residential prospects in a vibrant urban setting.
While nestled in a lively town center, the property benefits from an array of nearby amenities including shops, eateries, parks, and public services, ensuring consistent footfall and community engagement. Although the area is classified as having high crime rates and reaches average independence ratings in local schools, the potential for further development or renovation adds to its appeal. Whether you're an investor looking for a promising addition to your portfolio or a buyer exploring future rental opportunities, this property epitomizes charm and investment potential in a historic location. Don’t miss out on this exceptional chance to acquire a slice of Thetford’s thriving commercial landscape!
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