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Wide Bargate, Boston, Lincolnshire, PE21 6RF

ÂŁ600,000

Size

5,775

Tenure

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EPC

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Parking

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Primary use
High street retail
Other use(s)
Convenience store, High street retail, Shopping centre, Shop, Showroom, Other leisure, Residential development, Mixed use, Other
Frontage
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Floorplan
2

Key features

  • Prime Mixed-Use Development Investment Opportunity For Sale Freehold
  • 3 Retail Units, Vacant Upper Floor Accommodation and 15 Parking Spaces
  • Two Units Let with 6 Month Rolling Break to Age UK, Current Income ÂŁ10,800pa
  • ERV ÂŁ50,000 pa
  • Overall Accommodation Extending to Approximately 540sqm, 5,775sqft
  • 0.25 Site Area with Secure Rear Yard and Parking for over 15 vehicles

Description

Location…
Boston is a bustling market town with an extensive range of local amenities, located on the South Lincolnshire Fens, approximately 35 miles to the north-east of Peterborough and 100 miles to the north of London.
 
The property is located where Strait Bargate meets Wide Bargate in the Prime Retail Zone where nearby retailers include Waterstones, Morrisons Daily, Specsavers, Next, Costa Coffee and New Look.
 
The twice weekly historic Boston Market attracts shoppers and tourists to the town. The market is located in the Market Place and Wide Bargate.
 
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.
 
The town is a sub-regional shopping centre with approximately 100,000sqm of retail shopping floor space. The town has an estimated primary catchment area of 77,000 shoppers. When combined with the secondary area this increases to 235,000 shoppers.
 
Description…
The sale comprises three separate retail units with vacant upper floors, external yard and space for over 15 vehicles.
 
4 Wide Bargate is a Grade II listed vacant retail unit with rooms at the rear and 2 vacant floors above. A public passageway leads under the first and second floors to give access to the car park at the rear.
 
32 and 34 Strait Bargate are let to Age UK with a 6-month rolling break contract.
 
36 Strait Bargate and 2 Wide Bargate are a double-fronted retail unit linked to the above unit and let on the same terms.
 
Above these units is vacant space previously used as two residential apartments with access from 36 Strait Bargate (now not in use).
 
To the rear of the property is a secure concrete yard with separate vehicular access from the rear, and additional land suitable for parking with space for over 15 vehicles.
 
The site extends to over 0.25 acres, 0.1 hectares.

Schedule of Accommodation…
Please see brochure for details.

Tenure…
The property is sold Freehold with the benefit of majority Vacant Possession with the exception of 32-34 Strait Bargate, currently trading as Age UK.
 
Outgoings…
4 Wide Bargate has a Rateable Value of ÂŁ11,500. This is Grade II Listed therefore rates exempt when empty.
32-34 Strait Bargate has a Rateable Value of ÂŁ42,250.
 
Agents Note…
There is currently no access to the upper floors. Inspections will be made available to purchasers or their surveyors upon agreement subject to contract.
 
EPC…
The property 32-36 Strait Bargate has an Energy Performance Asset Rating C53. Full details on request.
 
Viewing…
All viewings are to be made by appointment through the agent. Poyntons Consultancy.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements
EPC certificate
Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Wide Bargate, Boston, Lincolnshire, PE21 6RF

NEAREST STATIONS

National Rail

Boston Station

0.37 miles

National Rail

Hubberts Bridge Station

3.66 miles

About Poyntons Consultancy Ltd, Lincolnshire Office

Poyntons Consultancy Ltd, Lincolnshire Office

Poyntons Consultancy offers advice on disposals, property acquisitions and property development across the following sectors: Retail, Industrial, Office & Business Parks, Hotels & Leisure and Residential.

As a property consultants agency we deliver exceptional results to a large and varied client base consisting of developers, investors, landlords and tenants.

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Disclaimer - Property reference StraitBargateWideBargate. 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 Ltd, 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.