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Mixed Use for sale

South Street, Boston, Lincolnshire, PE21

£375,000

Property Description

Full description

Location...
Boston is a bustling market town with a range of local amenities located on the South, Lincolnshire Fens, approximately 35 miles to the north-west of Peterborough and 110 miles to the north of London. Boston is predicted to be one of the fastest growing towns in the East Midland Region.

Current estimates predict the population to be in the region of 68,000 residents.
Boston is a sub regional shopping centre with approximately 100,000m² of retail shopping floor space. The town has an estimated primary retail catchment area of 77,000 shoppers, when combined with the secondary area this increases to 235,000 shoppers.

The property is prominently situated in an established retail parade and main pedestrian and vehicular conduit, from the Market Place.
Nearby properties include Boots the Chemist, local retailers, butchers, a public house, as well as a restaurant and offices.
The twice weekly historic Boston Market attracts shoppers and tourists to the town.

Accommodation...
Ground Floor Shop – 2 South Street – Diamond Vapours
Sales Area having return frontage onto Sibsey Lane being 4.1m (net) x 4.5 m, 13’5 x 15ft featuring laminated timber effect flooring, exposed timber structural members, rear sink unit, fireplace (listed).
To the rear of the unit is a doorway leading to a communal area with shared WCs off.

Ground Floor Shop – 4 South Street – Loveshack Kenya
Sales Area having frontage to South Street, 35m².

Pirana House Nightclub
Access is at the rear of the building off Sibsey Lane.
A Recessed double door Entrance into the:
Reception Area 6.2m x 3m (20’ x 9’8”) with coat storage area, walk-in cleaning cupboard, reception desk and door off to:
Men’s WC’s having stainless steel urinals, 2 WCs, 2 sinks
Steps up to:
Ladies WCs, having 6 WCs, 3 sinks
Main Club Area 19m x 11m (62’ x 36’) 206m² (2,215ft²) approximately overall, featuring 24 fitted alcove seats
Bar Area (bar removed)
Raised DJ Area
Raised Stage Area
Doorway to Cellar, being full height and full building depth

A staircase leads to from the reception area to the First Floor rooms having:
Kitchen 2.2m x 3.3m (7’8” x 10’9”), having modern fitted kitchen, stainless steel sink with drainer, central heating boiler
Living Room/Office 4.1m. x 3.3m (13’4” x 10’8”)
Bedroom/Office 3m x 3.6m (9’8” x 11’8”) having partitioned WC
Walk-in cupboard

Upper Floors – Vacant – Requiring Renovation
Centre front pedestrian entrance from South Street, leading to shared Ladies & Gents WCs
Stairway leading to First Floor:
Foyer/Bar/Kitchen Area 10.4m x 8.6m overall 89m² comprising Fitted Bar, Rear Bar Area, Ancillary Accommodation, Kitchen 3.7m x 2.7m, Store
Main Room (Rear) - formerly used as a Snooker Room 15m x 10.4m 156m² with a ceiling height of 11.5m to the bottom of the lantern extension
Enclosed raised area previously used as a Stage 10.1m x 5.1m 55m²
Second Floor Room (Rear) 10.1m x 6.5m with balconies overlooking the suspended ceiling.
Room 1 (Front) 9.4m x 5.8m 55m² featuring river views, exposed structural timbers, ornate dark oak carved fireplace and ancillary area.
Room 2 (Front) 6.4m x 5.2m 33.8m² with river views.
A period return staircase leads to the second floor where there is a spacious landing and ancillary area.
Room 3 (Front) 9.8m x 6.2m 61m². This room contains an unusable rectangular viewing area over room 1 measuring 5.1m x 3.7m and also features exposed ceiling beams creating a double height space.
Room 4 (Front) 6.8m x 5.9m 40.6m² with double height space with storage cupboard

Schedule...
Unit Tenant Unit Size (Sq ft) Lease Expiry Date Term Annual Rent (per annum)
2 South Street Mr B McMillan t/a Diamond Vapours 204 10th January 2016 1yr £5,400
4 South Street Love Shack Kenya t/a Charity 376 1st October 2015 1yr £8,640
Ground Floor Nightclub Pirana House 3,014 1st October 2023 £16,500
Upper Floors Vacant 6,092
Total £30,540

Viewing...
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