60 Market Place, Boston
£210,000
For Sale
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£210,000
For Sale
Get in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
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Property summary
Retail Investment Property 3 storey grade II listed building Town centre position within the market place Fully Let on 10 year lease Present rent £18,000 pax Ground Floor 51.8 sqm (558 sqft)First Floor 62.7 sqm (670.27 sqft)Possible grant available for the shop frontEPC Rating - DGet in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
More about the property
A prime retail unit with frontage on to the main retail core (Strait Bargate) which was most recently occupied by Carphone Warehouse. It is located in the heart of Boston Market Place, adjacent to major retailers such as Poundland, Dorothy Perkins, Boots and Natwest amongst others.
The property has been used as a retail premises but is thought that it may be suitable for a variety of uses subject to the necessary planning consents being obtained from the local authority.
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Location
The Property is situated in the main retail core of Boston on a busy pedestrianised thoroughfare where the Market Place joins Strait Bargate.
Boston Market Place is a prime retail location in the heart of Boston town centre. The Market Place is a busy shopping location with a high volume of daily footfall, making it a desirable location for many retail occupiers.
Bostons thriving market town is on the east side of the county of Lincolnshire and has ample local amenities and facilities to include a wide range of both national and local retail outlets, primary and secondary schools, leisure amenities to include swimming pool, bowling alley, cinema, theatre and parks. Regular transport routes are available from the town with bus and rail services. Peterborough station is a 40 minute car journey away where London's Kings Cross can be reached in less than 45 minutes. The town is located some 37 miles south east of Lincoln, 35 miles north of Peterborough and 119 miles north of London.
The Property is situated in the main retail core of Boston on a busy pedestrianised thoroughfare where the Market Place joins Strait Bargate.
Boston Market Place is a prime retail location in the heart of Boston town centre. The Market Place is a busy shopping location with a high volume of daily footfall, making it a desirable location for many retail occupiers.
Bostons thriving market town is on the east side of the county of Lincolnshire and has ample local amenities and facilities to include a wide range of both national and local retail outlets, primary and secondary schools, leisure amenities to include swimming pool, bowling alley, cinema, theatre and parks. Regular transport routes are available from the town with bus and rail services. Peterborough station is a 40 minute car journey away where London's Kings Cross can be reached in less than 45 minutes. The town is located some 37 miles south east of Lincoln, 35 miles north of Peterborough and 119 miles north of London.
ACCOMMODATION
The Property comprises a manageable retail premises that extends to in the region of 51.8 m2 (558 ft2)
The property has first floor offices and stores with staff room and WC facilities measuring 62.27 sqm (670.27 sqft) Second floor store unused and has no access.
The building has a prominent glazed frontage directly on to The Market Place.
The Property comprises a manageable retail premises that extends to in the region of 51.8 m2 (558 ft2)
The property has first floor offices and stores with staff room and WC facilities measuring 62.27 sqm (670.27 sqft) Second floor store unused and has no access.
The building has a prominent glazed frontage directly on to The Market Place.
PLANNING
The property has established planning for A1 retail.
The property has established planning for A1 retail.
SERVICES
Mains electricity, water, and drainage are connected to the property. The electricity supply has been disconnected and the tenants are required to re connect the supply.
No services or service installations have been tested and prospect tenants are advised to satisfy themselves in this regard.
Mains electricity, water, and drainage are connected to the property. The electricity supply has been disconnected and the tenants are required to re connect the supply.
No services or service installations have been tested and prospect tenants are advised to satisfy themselves in this regard.
TENURE
The property is sold freehold subject to the existing lease. The present tenant is paying a rent of £18000 pax. The property is leased on a term of 10 years subject to a break. The property is used for the sale of fruit and vegetable's.
The property is sold freehold subject to the existing lease. The present tenant is paying a rent of £18000 pax. The property is leased on a term of 10 years subject to a break. The property is used for the sale of fruit and vegetable's.
RATEABLE VALUE
We are advised from enquiries to the valuation office website that the 2023 rateable value is £22,500.
We are advised from enquiries to the valuation office website that the 2023 rateable value is £22,500.
CEPC
The property has a CEPC rating of D
The property has a CEPC rating of D
LEGAL COSTS
In the usual manner each party will be responsible for all legal costs incurred within this transaction.
In the usual manner each party will be responsible for all legal costs incurred within this transaction.
VAT
The price is exclusive of VAT if applicable
The price is exclusive of VAT if applicable
LOCAL AUTHORITY
Boston Borough Council
Municipal Buildings
West Street
Boston
Lincolnshire.
Tel: 01205 314 200
Boston Borough Council
Municipal Buildings
West Street
Boston
Lincolnshire.
Tel: 01205 314 200
VIEWINGS
Contact Pygott & Crone Commercial
36a Silver Street
Lincoln
LN2 1EW
Tel 01522 536777
Contact Pygott & Crone Commercial
36a Silver Street
Lincoln
LN2 1EW
Tel 01522 536777
