SOLD STC
Riverside Industrial Estate, Marsh Lane, Boston, Lincolnshire, PE21 7PJ
£575,000
£34.64 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
16,600 sq ft
1,542 sq m
- SECTOR
Light industrial facility for sale
Key features
- Industrial Multi Let Investment Opportunity For Sale
- Freehold Subject to Existing Occupational Tenancies
- Development Potential and Part Vacant Accommodation
- 1.4 Acre Mainly Concrete Site
- Over 16,600sqft, 1,645sqm of Buildings
- 4 Separate Tenants
- Combined Rental Income of £57,190 pa on FRI Terms
- Includes Vacant Space and Buildings with Estimated Rental Value of £12,000 pa
Description
Location...
The market town of Boston has a population of approximately 72,000 residents and is located on the South Lincolnshire Fens close to the A16, A52 and A17 trunk roads.
The property has a rich commercial history and association with the nearby agricultural lands with a large port, hospital, well regarded retail and sporting offerings.
Riverside Industrial Estate is an expanding estate located in the Southeast quadrant of the town, close to the A16 trunk road. Marsh Lane is the main road within the estate leading to the BAEF1 and BAEF2 power station projects and Bittern Way.
Description...
The property comprises an industrial site which is multi let producing approximately £57,000 per annum with vacant parts being left by the current owner occupiers, having an ERV of an additional £12,000 pa.
The main buildings are arranged close to the road on the western side of the site. The site benefitting from 2 gated accesses and additional space to the rear.
The current site to building ratio is approximately 28% indicating that there is development potential by increasing the built area.
The main lettings are a pair of engineering companies, Euroflow and BV Fabrications Ltd, in a steel frame building of conventional construction with brick infill panels and a proportion of offices and mezzanine storage.
A driveway leads to the rear where there is an open store which is partially enclosed occupied by the sellers, a scaffolding company and partly occupied by BV Fabrications.
This is located within a yard, mainly in occupancy by BV Fabrications, in addition to which is another unit currently vacant as it is owner occupied with a partially enclosed store.
A second vehicular access to the north leads to a separate motor vehicular repair workshop with yard and storage let under a separate lease.
Schedule of Tenancies and Schedule of Accommodation...
GIFA
GIFA
Passing
Rent pa
Lease
Expires
Euroflow Automation Ltd
(Mezzanine)
550m2
(117m2)
5,920ft2
(1,260ft2)
£27,000
30/04/25
BV Fabrications Ltd
450m2
4,845ft2
£16,212
13/06/27
ZP Motors Ltd
169m2
1,820ft2
Plus yard
£12,600
31/07/28
ABM Scaffolding
300m2
2,150ft2
£1,380
13/06/24 Holding
Over
Total Let Area
(excl. Mezzanine)
1,469m2
14,735ft2
£57,192
Owner Occupied Areas
Portacabin
70m2
755ft2
Rear Store
52m2
560ft2
Rear Document Store
54m2
580ft2
Total Owner Occupied
176m2
1,895ft2
ERV
£12,000
Total Accommodation
1,645m2
16,630ft2
Total Passing Rent
and ERV pa
Site Area
0.58 ha
1.42 acres
£69,492
Agent's Notes...
The property is sold subject to the existing occupational leases. For more information, please contact the agent.
Rateable Value...
The units are individually rated, full details available on request.
EPC...
The Fabrication Unit has an Energy Performance Asset Rating D85, Full details are available on request.
Viewing...
All viewings are to be made by appointment through the agent.
Poyntons Consultancy.
The market town of Boston has a population of approximately 72,000 residents and is located on the South Lincolnshire Fens close to the A16, A52 and A17 trunk roads.
The property has a rich commercial history and association with the nearby agricultural lands with a large port, hospital, well regarded retail and sporting offerings.
Riverside Industrial Estate is an expanding estate located in the Southeast quadrant of the town, close to the A16 trunk road. Marsh Lane is the main road within the estate leading to the BAEF1 and BAEF2 power station projects and Bittern Way.
Description...
The property comprises an industrial site which is multi let producing approximately £57,000 per annum with vacant parts being left by the current owner occupiers, having an ERV of an additional £12,000 pa.
The main buildings are arranged close to the road on the western side of the site. The site benefitting from 2 gated accesses and additional space to the rear.
The current site to building ratio is approximately 28% indicating that there is development potential by increasing the built area.
The main lettings are a pair of engineering companies, Euroflow and BV Fabrications Ltd, in a steel frame building of conventional construction with brick infill panels and a proportion of offices and mezzanine storage.
A driveway leads to the rear where there is an open store which is partially enclosed occupied by the sellers, a scaffolding company and partly occupied by BV Fabrications.
This is located within a yard, mainly in occupancy by BV Fabrications, in addition to which is another unit currently vacant as it is owner occupied with a partially enclosed store.
A second vehicular access to the north leads to a separate motor vehicular repair workshop with yard and storage let under a separate lease.
Schedule of Tenancies and Schedule of Accommodation...
GIFA
GIFA
Passing
Rent pa
Lease
Expires
Euroflow Automation Ltd
(Mezzanine)
550m2
(117m2)
5,920ft2
(1,260ft2)
£27,000
30/04/25
BV Fabrications Ltd
450m2
4,845ft2
£16,212
13/06/27
ZP Motors Ltd
169m2
1,820ft2
Plus yard
£12,600
31/07/28
ABM Scaffolding
300m2
2,150ft2
£1,380
13/06/24 Holding
Over
Total Let Area
(excl. Mezzanine)
1,469m2
14,735ft2
£57,192
Owner Occupied Areas
Portacabin
70m2
755ft2
Rear Store
52m2
560ft2
Rear Document Store
54m2
580ft2
Total Owner Occupied
176m2
1,895ft2
ERV
£12,000
Total Accommodation
1,645m2
16,630ft2
Total Passing Rent
and ERV pa
Site Area
0.58 ha
1.42 acres
£69,492
Agent's Notes...
The property is sold subject to the existing occupational leases. For more information, please contact the agent.
Rateable Value...
The units are individually rated, full details available on request.
EPC...
The Fabrication Unit has an Energy Performance Asset Rating D85, Full details are available on request.
Viewing...
All viewings are to be made by appointment through the agent.
Poyntons Consultancy.
Energy Performance Certificates
EPC 1Brochures
Riverside Industrial Estate, Marsh Lane, Boston, Lincolnshire, PE21 7PJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Boston Station1.2 miles
- Hubberts Bridge Station4.1 miles
About Poyntons Consultancy Commercial, Lincolnshire Office
Poyntons Consultancy Ltd - Commercial, 24,26 and 28, South Street, Boston, Lincolnshire, PE21 6HTNotes
These notes are private, only you can see them.
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