Summary - Tower Street, King's Lynn PE30 1EJ
6 bed 2 bath Commercial Property
Six‑room HMO over a shop/restaurant unit — income now, value with refurbishment..
- Six lettable rooms arranged as a licensed HMO (first floor)
- Ground floor commercial: shop plus potential 30‑seat restaurant
- Total area approximately 1,675 sq ft; freehold interest possible
- Commercial element has a five‑year lease in place
- First‑floor title not yet registered; lease to be created on completion
- HMO licence may not transfer automatically; confirm with local authority
- Requires refurbishment and modernisation to maximise rental value
- Located in very deprived area with very high crime rates
A central mixed-use investment in Tower Street, King’s Lynn, offering a first-floor six‑room HMO above a ground-floor commercial unit currently arranged as a shop and a potential 30‑seat restaurant. The building spans three storeys with a total area around 1,675 sq ft and presents immediate income potential from existing lettings and a five‑year lease on the commercial element.
This property suits an investor seeking town‑centre footfall and quick access to transport links; it benefits from excellent mobile signal and fast broadband, with shopfront visibility on a pedestrianised high street. The freehold interest may be available, but purchasers should note the first‑floor title is not yet registered and a lease will be created at conveyance — your solicitor should verify timings and implications.
Key considerations: the upper‑floor HMO licence is in place but not automatically transferable; buyers must confirm licensing with the local authority. The building shows mid‑20th / Victorian elements and will require some refurbishment to modernise flats and the ground‑floor fit‑out. The area is classified as very deprived with very high crime rates and a large Eastern European transitional population, factors that affect rental profiles and management requirements.
Overall this is a pragmatic, town‑centre investment with clear income lines and immediate upside from refurbishment or active asset management, provided a purchaser conducts proper legal, licensing and building surveys beforehand.
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