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Commercial Property for sale

Red Lion Street, Boston


Property Description

Full description

Refurbished retail space and first floor residential flat. The apartment is currently tenanted until June 2017. The dwelling is set within Boston town centre and is within close proximity to major retailers including Argos, Marks & Spencer, Next and Boots.

General Remarks - This town centre investment offers retail premises to the ground floor with access from Red Lion Street. There is a one bedroom apartment on the first floor and also car parking to the rear of the property with access from Fountain Lane. The shop premises has a combined area of 23m2 and the apartment 80m2

Location - Set within Boston town centre, the premises is located close to several similar premises as well as larger multiples including Argos, WH Smiths and Marks and Spencer. There is also plenty of car parking facilities located nearby.

Investment - The shop is currently vacant. The apartment is currently let on an AST providing an income of £5100 per annum

Energy Performance Certificate - Apartment currently has a rating of D61 with a potential of C74

First Floor Apartment - Comprising of a layout including Entrance Lobby, stairs and landing, kitchen diner, bathroom, one bedroom, study and lounge

Tenure - The retail premises are currently vacant.
The apartment is currently let on an Assured Shorthold Tenancy currently running as a statutory periodic tenancy at a rent of £425 per month exclusive, equating to £5100 per annum.

Rateable Value - Accorning to the VOA website, the ratebale value of the shop in 1st April 2010 was £4400 per annum.

Property Management - The retail unit was previously manageed by Hill & Clark and the apartment is currently managed by us. Our Lettings Department would be pleased to advise and continue with the management of the property.

Viewing Arrangements - Strictly via Hill & Clark sales office
Lancaster House, Gilbert Drive, Boston, Lincolnshire. PE21 7TQ. 01205 352019

Misrepresentation Act - Hill & Clark for themselves and for the Vendor or Lessor of this property, whose agents Hill & Clark are, give notice that: 1.These particulars do not constitute, nor constitute any part of, an offer or a contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of Hill & Clark or the Vendor or Lessor. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representation of fact. 4. Any intending Purchaser or Lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Vendor or Lessor does not make or give, and Hill & Clark or any person in the employ of Hill & Clark has no authority to make or give, any representation or warranty whatever in relation to this property.

Retail Premises - Comprising retail space, storage area, w.c. and kitchenette. Also benefiting from electric heating fluorescent lighting and laminate flooring.

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