Commercial Property for sale

Wide Bargate, Boston

£400,000

Property Description

Key features

  • DEVELOPMENT OPPURTUNITY STPP
  • FREEHOLD RETAIL CURRENTLY LET
  • OCCUPIED GROUND FLOOR LET -1,344 SQ FT
  • UNOCCUPIED GROUND FLOOR SPACE - 1,373 SQ FT
  • UNOCCUPIED FIRST FLOOR SPACE - 1400 SQ FT (APPROX)

Full description

Tenure: Freehold


SUMMARY
A freehold Retail Unit Let to William Hill with DEVELOPMENT OPPURTUNITY of 6 apartments, subject to necessary planning permission. The property is situated in the centre of historic town of Boston.


DESCRIPTION
A freehold Retail Unit Let to William Hill with DEVELOPMENT OPPURTUNITY of 6 apartments, subject to necessary planning permission. The property is situated in the centre of historic town of Boston located midway between Peterborough, 35 miles to the south and Lincoln, 35 miles to the north. Boston is located on the A16 and A52, 28 miles east of Grantham and the A1.

The property is arranged on ground floor to provide a large ground floor betting shop with staff and storage accommodation to the rear. At first floor there should be possibility to make two flats Subject to Planning Permission, the Ground floor occupied by William Hill -1344 sq ft Unoccupied area at the rear 1373 sq ft with1400 (Approximately) sq ft vacant on first floor.

Front Shop Area 49' 1" x 22' 8" ( 14.96m x 6.91m )
With door to customer toilet and door to Staff Room.

Staff Room 11' 1" x 7' 2" ( 3.38m x 2.18m )
With a range of fitted wall and base units, work surfaces and inset stainless steel sink and drainer, and door to staff toilet. Door to;

Store Area 21' 1" x 25' 9" ( 6.43m x 7.85m )
With fire exit and opening to first floor, enclosed WC and open to;

Further Store Area 19' 6" x 19' 4" ( 5.94m x 5.89m )
With door to Rear Store Area.

Rear Store Area 21' 5" x 19' 5" ( 6.53m x 5.92m )

Tenancy 
The agent is informed that the ground floor is let to William Hill on a 20 year lease from March 2010 with 5 yearly reviews at a current rent of £25,000 per annum. Tenant has option to break in March 2020 and 2025 Rent review expected to increase rent to £45,000 per annum. Coral have 1357 sq. ft. and have a 15 year lease from 2007, paying a current rent of £48,500 per annum William hill are using 1306 sq. ft. on a 20 year lease with breaks paying £25,000.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


More information from this agent

Nearest stations

  • Boston (0.4 mi)
  • Hubberts Bridge (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

William H. Brown, Boston

14 Wide Bargate, Boston, PE21 6RH

01205 626009 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 (0.4 mi)
  • Hubberts Bridge (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

William H. Brown, Boston

14 Wide Bargate, Boston, PE21 6RH

01205 626009 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 BWB109940. 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 William H. Brown, Boston. 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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