House For Sale £350,000
Guanock Place, King's Lynn

Intro
Brown&Co offer a pair of substantial period properties in King's Lynn which together for many years have traded as a hotel. The opportunity to acquire presents a host of potential for the new owner to continue the hotel business or the property may be suitable for an investment buyer who would seek to change the current commercial C1 use class to another.

Full
10 & 11 Guanock Terrace have traded together as one building as The Guanock Hotel for many years. Any visitor that enters King's Lynn via the famous and historic South Gate cannot fail to notice the stunning terraces of fine Georgian Homes that run along London Road with this property being located next to the park that overlooks the South Gate. The houses are Grade II listed and currently have a commercial C1 use class. Due to personal circumstances of our client the hotel has not fully traded since 2019 however, prior to this there was a healthy rate of occupancy.

The property is substantial covering approx. 539m2 in the two buildings over three floors. These include a number of rooms that have been communal areas, a commercial kitchen and owners accommodation on the ground floor. On the first and second floors are the rooms used for letting which may be arranged in a number of different ways, please see floorplan for current configuration. Outside the property there are two gardens that connect of considerable size and also a detached outbuilding (circa 42m2) used for storage which may have some potential for conversion, subject to relevant planning permissions.

Whilst there is a great deal of attractiveness for the property to continue trading as the hotel, there may be potential for other uses, subject to local Borough Council Planning authority approval. The property may be of interest to investment buyers for the purpose of converting back into two dwellings or there may also be an attractive opportunity to convert the to the house to an HMO (House of Multiple Occupancy) or similar. No investigations have been made by the owners or the agent for such a change of use.

The planning history for the property shows that an application was made, and granted in 2014 for the change of use from a C1 (Hotel) to C3 (Dwelling house) however, there is no evidence the agent has seen that suggests this was ever implemented and we assume has since expired. Interested parties can inspect this application on the local authority King's Lynn & West Norfolk planning website under reference 14/00214/CU.