19A & 19B Wide Bargate, Boston

For Sale
For Sale
Jasper Caudwell
MRICS BSc (Hons)
Chartered Surveyor
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Property summary

Investment Opportunity
Potential income c£25,000 PAX
Property measures circa 345.4sqm /3718sqft
Ground Floor retail unit with vacant possession.
First Floor currently let to a Beauty Salon
Prominent position
National occupiers adjacent
EPC - 19a-C / 19b-F
Available immediately

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Jasper Caudwell
MRICS BSc (Hons)
Chartered Surveyor

More about the property

Opportunity to purchase a substantial two storey retail unit within close proximity to Boston’s town centre. The property is located in a popular shopping area with ground floor space of approx. 190 sqm/2049 sqft and first floor space of 155 sqm/1669 sqft. The ground floor retail unit will be sold with vacant possession, whilst the first floor is currently occupied and let to a beauty salon.

The Property is located with frontage directly on to Wide Bargate in the market town of Boston.
Boston is a market town 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. Boston is located some 59 km (37 miles) south east of Lincoln, 56 km (35 miles) north of Peterborough and 190 km (119 miles) north of London.

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The property comprises a two storey retail premises with a ground floor retail unit extending to c190.3 sqm/2049 sqft and the first floor c155 sqm/1669 sqft which is currently fitted out as a beauty salon.
Pygott and Crone have been made aware that mains water, electric and drainage are connected to the property. The services or installations have not been serviced or tested.
The freehold interest is available for sale at an asking price of £295,000 (two hundred and ninety five thousand pounds) on a partly occupied basis.

We understand the first floor accommodation is currently let at £5,000 PAX on a lease that is holding over and the ground floor retail unit is currently vacant.

We expect the ground floor retail unit to achieve a rent of circa £20,000 PAX.
We understand that the property is situated within Boston’s conservation area.
We are advised from enquiries to the Valuation Office Website that the
2017 rateable value for the property is:

Ground Floor shop £28,500, Ref: 00508400019019
First Floor accommodation £7,800, Ref: 00508400017028

Charging Authority: Boston Borough Council, Municipal Buildings, West Street, Boston, PE21 8QR, tel: 01205 314200
The Property has ratings as below:

19a Wide Bargate - Rating C:62
19b Wide Bargate - Rating F:150.

The full EPC and Recommendation Report are available upon request.
In the usual manner each party will be responsible for their own legal costs incurred within the transaction.
We are awaiting confirmation as to whether or not VAT will be charged on the sale price.
Viewing is strictly by appointment with the agents:

Pygott & Crone, 21 The Forum, Newark Road, North Hykeham, Lincoln, LN6 8HW
Tel: 01522 536777
Email: commercial@pygott-crone.com
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