A substantial office-to-residential conversion opportunity in King's Lynn, Norfolk, UK, has made it into our 'Property Highlight' feature this week.
Chequer House is a substantial multi-storey office building in the heart of the professional quarter of King's Lynn, occupying a prominent position close to the historic Customs House and within walking distance of the town centre and Tuesday Market Place. The property occupies a site of approximately 0.428 acres (0.173 hectares) and has a period townhouse frontage onto King Street; however, most of the existing building is to the rear and is a more contemporary 1970s block.
Planning consent has been granted for the redevelopment and change of use of the property to a residential development comprising 40 self-contained flats (use class C3), including internal and external alterations, associated hard and soft landscaping, car and cycle parking and refuse. The scheme will create approximately 26,145 sq ft (2,429 sq m) of accommodation over four floors with a range of one and two-bedroom units. The site is part of St Nicolas Conservation Area and is Listed in Grade II. More information can be found using planning reference A20/02127/FM.
King's Lynn is an important sub-regional centre and a busy port and market town with a population of approximately 40,000. It is well-connected by road to Norwich, Peterborough, and Cambridge and has a mainline railway service direct to London King's Cross (1 hour 40 mins approx). Norwich International Airport is an hour away, with four daily flights to Amsterdam Schiphol Airport and other European and national destinations. This residential development opportunity in a thriving, well-connected location is not to be missed!
The case details
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Financial details
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Market data
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Investment details
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By the team at Navian, Published August 2, 2023
