Summary
The property is of traditional construction and occupies a prominent position on Norfolk Street.
The property is arranged over two floors, with the ground floor accommodating a substantial retail area forming the majority of the space. Situated at the rear of the store is the Post Office customer service counter and financial advisory room. A storage space and area to access to the service lift finishes the ground floorplate.
The upper floor currently includes a large storage space, offices, and staff facilities. The layout provides options for future development and alternative uses (subject to planning consent). The building has a combination of pitched and flat roofs. The property benefits from a large
loading and parking area at the rear via Broad Street, with space for at least 10 cars.
Area
The property has been calculated to extend to the following internal area
Ground: 641sqm (6,700sq ft)
1st: 471sqm (5,070sq ft)
Total: 1,112sq ft (11,770sq ft)
Investment summary
The property is held on a full repairing and insuring head lease to TG Jones Retail Holdings Limited expiring 17th September 2031 at a passing rent of £70,000p.a.x.
TG Jones Retail Holdings Limited is the former WH Smith high street business, bought by Modella Capital in June 2025 and rebranded TG Jones. For the financial year to 31 August 2024, accounts show turnover of £221.5 million and 9,517 employees, while the live chain was trading from 451 stores with about 4,700–5,000 staff at July 2026.
Strengths are a national high-street footprint in town centres, shopping centres and retail parks, a core offer of books, stationery, cards and news plus Post Office, Toys R Us, banking and Hobbycraft concessions, historically more than a million customers a week, and owner-backed investment to slim loss-making leases and reset pricing after the forced loss of the WH Smith name
Key Points
Prime Town Centre Location: Historic pedestrianised Norfolk Street with high footfall, town's main Post Office, near M&S, Boots, Café Nero.Substantial Space: 11,770 sq ft over two floors – ground retail/Post Office, upper storage/offices/staff; rear parking for 10+ cars.Held on New F.R.I. Lease Passing: £70,000p.a.xLet to TG Jones Retail Expiring 2031Freehold Sale: o/o £600,000Location
Norfolk Street is one of King’s Lynn’s oldest streets and is a valuable element of the town’s historic character. Within the contemporary town, Norfolk Street is an important pedestrian route into the
town that is lined by local, independent retailers and businesses. Together with the High Street, Norfolk Street forms the prime retailing pitch in the town.
The property is situated on a busy thoroughfare in the heart of Kings Lynn town centre, nearby the waterfront, bus station and other local amenities. The premises occupies a prominent trading position on the pedestrianised section of Norfolk Street. Importantly, the property also comprises
the town’s main Post Office facility.