Bridge Street, PE11 1XA

LOCATION
* Retail Investment Property - Ground Floor Retail Unit with First and Second Floors - Let as a whole - Good Town Centre location - close to car parks - Located within Spalding Conservation Area *

The property occupies a prominent location in Bridge Street, close to High Bridge and the River Welland.

Santander, Bon Marche, and other local independent retailers are also located along Bridge Street, which leads into the Market Place and Hall Place shopping areas. Vine Street and Francis Street car parks are nearby.

DESCRIPTION
INVESTMENT DETAILS
The property is For Sale subject to a lease to Boots Opticians Professional Services Limited (Co Reg No 06779221), the summary details of which are as follows:

Term: 5 years expiring 31/3/2030.
Rent: £18,900 per annum, Plus VAT
Repairs Liability: Full Repairing
Outgoings Business Rates: Tenants responsible for all
Buildings Insurance: Tenant to repay premium to Landlord

ACCOMMODATION
The property provides accommodation on the ground and first floors. There is also a basement and second floor to part of the property.

The property has following approximate dimensions:-

Ground Floor
Access from central doorway - door heater over.
Retail Area Max Width 21´ (6.4m) x Average Depth 25´ (7.62m)
Double aspect window. Suspended ceilings, Air conditioning/Heating unit. LED lights and spotlights. Vinyl flooring. Fire alarm panel. Electric meters.
Access via hatch to Basement (under 3 storey part of property), via concrete steps.

Door off to rear rooms
Consulting room 1.50m x 1.85m Vinyl flooring. LED lights
Office 2.63m x 1.82m Vinyl flooring. LED lights

Stairs to first floor

First Floor
Landing/Lockers area 4.3m x 1.81m carpeted, fluorescent lights
Consulting Room 3.11m x 3.46m carpeted, suspended ceiling, fluorescent lights
Workbench area 2.28m x 1.28m, carpeted
Kitchen 3.00m x 2.90m with sink base unit, water heater, Vinyl flooring.
Fluorescent lights
WC Lobby (with hatch access to second floor area), and separate WC with wash hand basin. Vinyl flooring and fluorescent lighting

There is no rear yard or access.

SERVICES
Mains water, three phase electricity and drainage. Heating is via a combined Heating/Air conditioning unit in the ground floor retail area, and via plug in electric heaters in the rear parts and first floor areas.

TERMS
The property is available for sale Freehold, Subject to Tenancy

OUTGOINGS
We understand from the Valuation Office Agency website that the property has a Rating Assessment of £14,500 with effect from 1 April 2026.

VAT
VAT is applicable.

LEGAL COSTS
Each party will be responsible for their own legal costs. Land Registry Title No LL307760

PLANNING
The property is in the Spalding Conservation Area.

OTHER
CONSTRUCTION
The property is an end terraced building with two and three storey parts. Of traditional brick construction with a mix of pitch and flat roofs. Windows are a mix of timber and metal types.

VIEWING
Strictly by prior appointment only.