2 bedroom mixed use for sale

Pen Street, Boston, Lincolnshire, PE21

£249,950

Property Description

Full description

Town Centre Mixed Commercial Investment
For Sale Freehold with the Benefit of the Existing Occupational Leases
Grade II Listed Property with Development Potential
Gross Internal Floor Area 160.7sqm, 1,730sqft
Ground Floor Retail Unit Let at £3,600 per annum
First/Second Floor Maisonette Let at £8,000 per annum
Parking Spaces Producing an Additional £1,800 per annum
Total Income £13,400 per annum



Location...
The bustling market town of Boston is located in the South Lincolnshire Fens, approximately 110 miles to the north of London accessible by road by the A16, A52 trunk roads, A17 and of course a railway station connecting to the main line at Grantham.

The property is located to the south of Wide Bargate, which is one of the main commercial areas of the town containing a large number of retailers and a twice weekly market.

There is a wide availability of nearby parking in Pay and Display Car Parks and by way of yearly rental season tickets.

Boston is predicted to be one of the fastest growing towns in the East Midlands region. Current estimates predict the population to be in the region of 68,000 residents.

Boston is a sub-regional shopping centre, with approximately 100,000sqft 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.

Accommodation...
An attractive Ground Floor entrance leads to the Retail space comprising
Sales Area…………..…………......…5.1m x 4.1m - 20.9sqm
Having a number of display light fittings and Slatwall display panelling.
Ground Floor Lobby
A separate entrance leads to the first and second floor Apartment.
Secondary Sales Area..…………....4.4m x 3.6m - 15.8sqm
Having lighting, storage cupboard, radiator with thermostatic valve and window to side elevation.
Tailor's Workshop..……………....….4.3m x 4.2m - 18.1sqm
Having lighting, radiator with thermostatic valve and window to side elevation.
Ground Floor WC
Having high level WC, hand wash basin, radiator, disabled access supports and alarm chord.
Kitchen……………………………..…4.9m x 3.4m - 16.7sqm
Having roll top work surfaces, tiled splashbacks, gas cooker, washing machine, stainless steel sink with drainer and mixer tap, a range of high level and low level units, door and windows to side elevation.
Stairwell - First Floor Lobby
Lounge………………….…………….4.9m x 4.3m - 21.1sqm
Having central heading radiator, storage cupboard and two windows to front elevation.
Dining Room………………………....4.3m x 3.6m - 15.5sqm
Having central heating radiator, window to side elevation and door through to bathroom and kitchen.
Kitchen…………………..……..…4.9m x 3.4m - 16.7sqm
Having inset spotlights, roll top work surfaces, tiled splashbacks, breakfast bar, oven with 4 ring hob, dish washer, stainless steel sink with drainer and mixer tap, a range of high level and low level units, windows to rear elevation.
Bathroom …………………………4.9m x 3.4m - 16.7sqm
Having bath with electric shower over, pedestal hand basin, low level WC, Intergas combi boiler, window to side elevation.
Stairs to Second Floor
Bedroom 1…..…………..…….....4.3m x 4.9m - 21.1sqm
Having two windows to front elevation, central heating radiator.
Bedroom 2………………………..4.3m x 3.6m - 15.5sqm
Having windows to side elevation, central heating radiator and storage cupboard.

Outside…
To the rear of the property is a substantial secure, gated parking area with a number of spaces let to local occupiers. Vehicular access is from Pen St.

Tenure…
The ground floor is let to a private tenant operating as a dressmaker, by way of a licence agreement at a passing rent of £3,600 per annum payable monthly.

The upper floors are let on an Assured Shorthold Tenancy at £8,000 per annum to a private tenant. The tenancy agreements are available on request to qualified purchasers.

A number of parking spaces are licenced to private individuals, producing an additional income of £1,800 per annum

Development Potential…
With a number of recent residential developments in the area it is understood that the yard has development potential for a residential scheme, subject to planning permission from the Local Authority. Interested parties are advised to make enquiries with the planning department at Boston Borough Council.

Outgoings...
The restaurant has a Rateable Value of £3,550 and therefore may be Business Rate exempt for qualifying small businesses.

EPC...
It is understood that the property is EPC exempt. However, a voluntary EPC has shown an Energy Performance Asset Rating G195.

Viewings...
By appointment through the agent.
Poyntons Consultancy.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Boston (0.5 mi)
  • Hubberts Bridge (3.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Poyntons Consultancy Commercial, Lincolnshire Office

Poyntons Consultancy Ltd - Commercial, 24,26 and 28, South Street, Boston, Lincolnshire, PE21 6HT

01205 626002 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.

Floorplans


To view this property or request more details, contact:

Poyntons Consultancy Commercial, Lincolnshire Office

Poyntons Consultancy Ltd - Commercial, 24,26 and 28, South Street, Boston, Lincolnshire, PE21 6HT

01205 626002 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 (0.5 mi)
  • Hubberts Bridge (3.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Poyntons Consultancy Commercial, Lincolnshire Office

Poyntons Consultancy Ltd - Commercial, 24,26 and 28, South Street, Boston, Lincolnshire, PE21 6HT

01205 626002 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 PenStreetInvestment. 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 Poyntons Consultancy Commercial, Lincolnshire Office. 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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