High Street, Holbeach, Spalding, Lincolnshire, PE12

An excellent opportunity to purchase this mixed commercial and residential investment property in a prime position on the high street of Holbeach. The property has 1 shop, 3 flats and a rear house. 

Location

The property is situated in a highly prominent location on
the town's main high street. Holbeach is a market town
and civil parish
in the South Holland District in Lincolnshire.
The town lies 8 miles (13 km) from Spalding; 17 miles (27 km) from Boston; 20 miles (32 km) from King's Lynn;
23 miles (37 km) from Peterborough; and 43 miles (69 km) by road
from Lincoln. It is on the junction of the A151
and A17. The town has a population of over 11000
and is expanding rapidly with several residential developments in the area.

ACCOMMODATION

The property comprises 1 shop, 3 flats and a 2 storey house to the rear in accordance with the floor plans within the brochure Rental Value:Shop: £7800 pax (occupied)15a: £8340 pax (occupied)15b: £8100 pax15c: £8100 pax (occupied)15d: £7800 paxTotal income : £40,140 pax (potential)

PLANNING

The property has established use as retail and residential flats

SERVICES

All mains services are connected to the property

TENURE

The property is being offered freehold subject to a lease on the shop and 2 tenants in the first floor flat and rear house.

RATEABLE VALUE

Each residential property has a council tax band of A. The shop has a rateable value of £6300.

CEPC

The shop has a CEPC rating of D. The house has an EPC rating of E, 15b & 15c have EPCS of E and 15d has an EPC rating of D.

LEGAL COSTS

Each party are responsible for their own legal costs

VAT

The price is exclusive of VAT

LOCAL AUTHORITY

South Holland District Council2 Priory Road Spalding Lincolnshire PE11 2XETel

VIEWINGS

Contact Pygott & Crone Commercial Tel