Parking for sale

Boston, Lincolnshire

Sold STC £375,000

Property Description

Key features

  • For sale by auction
  • Assembly House, Norwich
  • Wednesday 4th July 2018 at 11am
  • Large town centre car park
  • 99 spaces, most let under licence
  • Producing over 34,000 pa
  • Excellent investment opportunity

Full description

Tenure: Freehold

General: Large town centre car park providing approximately 99 spaces which is laid to tarmac and controlled by an electronic entry and exit system. 96 of the spaces are let under licence producing an annual income of approximately £34,000, made up as follows:-

45 private x £450 p.a. = £20,250
1 x concession staff x £360 p.a. = £360
41 staff x £321.62 p.a. = £13,186.42
1 ex-staff x £332 p.a. = £332
8 staff free of charge
3 spaces for maintenance/security
Total annual income £34,128.42 (inc. VAT)

Potential exists to increase the income for the site and to increase the number of spaces available. Redevelopment of the site is possible, subject to the necessary consents being obtained.

Location: Boston is a thriving market town which is located approximately 100 miles north of London. It has a wide and varied range of shopping facilities and leisure amenities with a population of around 66,000.

Directions: From the A16 roundabout proceed into the town along Wide Bargate. At the traffic lights turn left, proceed for a short distance and at the crossroads turn left again. The car park will be found through the archway behind the New England Hotel.

AGENT'S NOTE: VAT will be applicable to this purchase.

Viewing: At any reasonable time during daylight hours.

Solicitors: Sills & Betteridge (Attn Andrew Payne), Aquis House, 18-28 Clasketgate, Lincoln, LN2 1JN. Tel. 01522 542211 


Listing History

Added on Rightmove:
25 May 2018

Nearest stations

  • Boston (0.5 mi)
  • Hubberts Bridge (3.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Brown & Co, Norwich

The Atrium, St. Georges Street, Norwich, NR3 1AB

01603 950069 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Boston (0.5 mi)
  • Hubberts Bridge (3.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Brown & Co, Norwich

The Atrium, St. Georges Street, Norwich, NR3 1AB

01603 950069 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100005020208. 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 Brown & Co, Norwich. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Brown & Co, Norwich on 01603 629871.


Map data OpenStreetMap contributors.