Commercial Property for sale

Bridge Street, Boston, PE21

£135,000

Property Description

Full description

A TOWN CENTRE INVESTMENT which offers retail premises on the ground floor and a one bedroom apartment above. The shop premises has a combined area of 27.71m2 (298ft2) and the apartment has a total internal floor area of 83m2 (893ft2). The current tenant of the retail premises has just agreed a new 5 year tenancy agreement.

Set within a Boston town centre location, the property is close to West Street which offers a variety of shops and business's including a Co-operative store and the local cinema. Within easy access is the local train and bus station's. Also there are several public car parks located nearby.

The shop is currently being let on a a new 5 year lease as of November 2016 at £5000 per annum and the apartment currently has an income of £4500. Currently this is a total YIELD OF 7.03%.




General Remarks 
This town centre investment offers retail premises to the ground floor with access from Bridge Street with a one bedroom apartment above having separate access to the rear. The shop premises has a combined area of 27.71m2 (298ft2) and the apartment has a

Location 
Set within Boston town centre, the property is located within a parade of similar shops on the route from West Street to High Street and Market Place. Within the vicinity there are a variety of local shops and business's including a Co-operative store, lo

Investment 
The shop is currently let on a commercial lease at £5,000 per annum on a 5 year lease with a break clause at the end of years 1 and 3 subject to 3 months notice. The apartment let on a AST providing an income of £4,500 pa. A total of £9,500 pa income give

Energy Performance Certificate 
Apartment currently F34 potentially E43

First floor duplex apartment 
Entrance Hall
Stairs & Landing to 1st floor
Modern fitted Kitchen 12'2 x 7'1 (3.71m x 2.16m)
Lounge 17'1 x 13'3 (5.21m x 4.04m)
Stairs & Landing to 2nd floor
Bathroom
Double Bedroom 16'9 x 13 (5.11m x 3.96m)
Gas Central heating

Tenure 
The retail premises has just agreed a new agreement for 5 years with break clauses at the end of years 1 and 3. The rent is £5000 per annum exclusive.
The apartment is let on an Assured Shorthold Tenancy currently running as a statutory periodic tenancy

Rateable Value 
Rateable value for the shop premises is £4400.

Property Management 
Both the retail unit and the apartment are fully managed by Hill & Clark and have been for some considerable time. Our Lettings Department would be pleased to advise and continue with the management of the property.

Agents Note 
Please be aware that the owner of this dwelling is a relative of an employee of Hill & Clark

More information from this agent

Nearest stations

  • Boston (0.3 mi)
  • Hubberts Bridge (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hill & Clark, Boston Sales

Lancaster House Gilbert Drive, Wyberton Fen, Boston, PE21 7TQ

01205 626083 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Boston (0.3 mi)
  • Hubberts Bridge (3.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hill & Clark, Boston Sales

Lancaster House Gilbert Drive, Wyberton Fen, Boston, PE21 7TQ

01205 626083 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 6696434. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hill & Clark, Boston Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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