Swineshead, Boston

This well-established and contemporary Business Park presents an excellent opportunity for investors, currently delivering a substantial rental income with further potential for increased returns.

The development comprises 14 high-quality office suites, 2 garage units, and generous on-site amenities, providing a total accommodation area of approximately 9,068 sq. ft. (842 sq. m). The site also includes 40 designated car parking spaces, offering ample provision for tenants and visitors.

The offices and retail units are strategically arranged across three attractive two-storey buildings, creating a professional and cohesive working environment. The Park is currently producing a gross annual rental income of £98,775, with the potential to achieve a fully let income of £113,775 per annum, reflecting the site's excellent rental capacity.

Occupying a site of approximately 0.9 acres, the Business Park is situated within the growing and well-connected village of Swineshead, benefiting from immediate access to both the A17 and A52 trunk roads, providing excellent regional connectivity.

Recent upgrades have enhanced the property's appeal, including the installation of LED lighting throughout and the addition of electric vehicle charging points, improving energy efficiency and aligning with modern tenant expectations. These enhancements were partially funded through a grant from the local Borough Council, underlining community investment in the site's continued development.

The Park offers serviced, well-presented office suites tailored to meet the needs of a broad range of occupiers, making it an attractive proposition for both investors and tenants seeking a high-quality, accessible business location.

Description - This investment opportunity comprises a fully tenanted office complex with ancillary accommodation, situated within its own self-contained site. The development consists of three two-storey office buildings, one of which includes a single-storey extension. Two of the blocks are interlinked and are currently configured to provide 14 individual office suites, in addition to two garage/storage units and ample on-site car parking for both tenants and visitors.

The property features communal kitchen and WC facilities, enhancing tenant convenience and functionality. The entire complex benefits from modern LED lighting throughout, a recent upgrade delivered with the support of a grant from the Borough Council, demonstrating ongoing investment in the infrastructure and energy efficiency of the site.

All offices and units are let on a serviced basis, with the following services included:

Electricity and heating (via gas-fired boilers)

Water supply

Communal waste collection

Tenants remain responsible for their own business rates, telecommunications, and contents insurance, simplifying management for the landlord while maintaining operational independence for occupiers.

As of January 2024, the property is generating a gross annual rental income in the region of £100,000, reflecting strong tenant demand and offering a solid return on investment with potential for further growth.

Location - This investment opportunity is situated on North End within the expanding village of Swineshead, forming part of a well-established Business Park development set back from Boston Road. The surrounding area is a mixed-use environment, with neighbouring residential properties to either side, contributing to a balanced and accessible local setting.

The site benefits from a highly accessible position, close to Swineshead Pre-School Centre and near Station Road, which connects directly to the A17 to the northwest. Station Road also provides a direct route through the village centre via South Street, eventually linking to the A52. Alternatively, the A52 is directly accessible from Boston Road by turning right from the Business Park and continuing to the T-junction where Boston Road meets the A52, ensuring seamless connectivity in multiple directions.

Swineshead lies approximately 6 to 7 miles southwest of the historic market town of Boston, offering convenient access to a broader range of amenities and services.

The village has experienced sustained growth, driven in part by its proximity to major road networks. This has spurred significant residential development and community investment, including the recent establishment of the Lincolnshire Co-op Community Hub, which features a modern food store and pharmacy, enhancing the area's amenities and appeal for both residents and businesses.

Schedule Of Accommodation - Unit 1 121 sq.m, 1,302 sq.ft
Unit 2 35 sq.m, 377 sq.ft
Unit 3 25.6 sq.m, 276 sq.ft
Unit 4 64 sq.m, 688 sq.ft
Unit 5 (A) 13 sq.m, 140 sq.ft
Unit 6 (B) 24 sq.m, 258 sq.ft
Unit 7(C) 12 sq.m, 129 sq.ft
Unit 8 (D) 53 sq.m, 570 sq.ft
Unit 9 (E,F,G,9) 108 sq.m, 1162 sq.ft
Unit 10 30 sq.m, 323 sq.ft
Unit 11 69 sq.m, 743 sq.ft
Unit 12 90 sq.m, 969 sq.ft
Unit 13 68 sq.m, 732 sq.ft
Unit 14 90 sq.m, 969 sq.ft
Stores 40 sq.m, 430 sq.ft

Total 842 sq.m, 9068 sq.ft

Price - Guide Price: £850,000 (Subject to Contract)

Services - It is understood that the site benefits from mains electricity, water, and gas, with the office accommodation connected to mains drainage.

Please note: None of the services, systems, or equipment within the property have been tested by the Agents. As such, no warranty or representation is given or implied as to their condition or operational suitability. Prospective purchasers are advised to undertake their own investigations and inspections.

Epc - The property comprises three principal buildings, each with its own Energy Performance Certificate (EPC). All three buildings have been assessed with a rating of C, with scores ranging between 61 and 69, indicating good overall energy efficiency.

Vat - We are advised by the vendor that VAT will not be applicable to the purchase price.

Tenure - The property is being offered for sale on a freehold basis. Copies of the tenancy agreements are available to purchasers upon request.

Viewing - Viewings are strictly by prior appointment with the sole selling agents, Bruce Mather Commercial.

For enquiries or to arrange a viewing, please contact: (Option 3)

Agent's Note - Rents, fees, and occupation details are subject to variation over time. Prospective purchasers may request an up-to-date tenancy schedule at the point of purchase.

Please note that all measurements are approximate, and the services, fixtures, and fittings have not been tested by the Agents.

All properties are offered subject to contract and availability, and are expressly subject to prior sale or withdrawal. These particulars are provided on the basis that all negotiations are conducted exclusively through Bruce Mather Limited.