Former Regent Bingo Club, 80 Westlode Street, Spalding PE11 2AE

Sold prior to the auction on 30 January 2025 for an undisclosed amount.

The property comprises a former cinema building, subsequently converted for use as a Bingo hall. The property is detached and sits on its own fenced and gated site with large parking area to the rear.

Extensively damaged by fire in May 2021, the premises have not been in use since that date. Although structurally stable and potentially capable of being brought back into use, it is envisaged that the property represents an excellent redevelopment opportunity for a mixed use scheme.

Planning
The property lies within the Spalding Conservation Area but is not Listed. Pre-Application advice has been sought from South Holland District Council in relation to a potential redevelopment of the site to provide a mixed use scheme comprising ground floor commercial premises with residential units above at the front of the site, and further residential development to the rear of the site. Three indicative site layouts were provided to SHDC as part of the Pre-App advice request.

South Holland DC has confirmed that a development of this nature would be generally supported subject to a full application being made, and if possible the frontage of the existing building should be retained and incorporated into a new scheme. A copy of the Pre-Application submission, together with the advice received from South Holland DC is available

Location
Spalding is an historic and thriving market town located in South Lincolnshire. The largest town in the district of South Holland, it has a resident population in the region of 37,000 people with a wide catchment area due to is rural location. With a settlement recorded since the 6th Century, the town expanded due to its location on the River Welland, acting as an international port for centuries. The town is now known as a centre for South Hollands substantial Tulip growing industry as well as a centre for agricultural food processing, with major employers including Bakkavor, Fowler Welch, Westfalia, Gist and Fesa UK

The property is located on Westlode Street on the eastern edge of the town centre. The surrounding area is a mixture of commercial and residential uses. Occupiers in the immediate vicinity include Carpetright, B and M Homestore, Spalding Bowl, B and Q and J D Wetherspoons and a number of local operators.

Ground Floor 967.26 sq m (10,412 sq ft)
First Floor Offices / Ancillary 261.73 sq m (2,817 sq f)
First Floor Balcony 65.13 sq m (1,778 sq f)
Total 1,394.12 sq m (15,007 sq f)
Total Site Area 0.281 Ha (0.695 Acres)
Floor areas are approximate and stated on a Gross Internal Area basis
Note Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Freehold

EPC Rating: E

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 2.4% inc VAT.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.