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Sibsey Lane, Boston, Lincolnshire, PE21 6HB

£495,000

£46.94 per sq ft

Business rates & charges may apply

Poyntons Consultancy Commercial, Lincolnshire Office
SIZE AVAILABLE

10,545 sq ft

980 sq m

SECTOR

Mixed use property for sale

Key features

  • Grade II Listed Building For Sale with 4 Separate Tenants and Vacant Space
  •  BUSINESSES UNAFFECTED
  • Passing Rent £41,200 per annum on Standard Commercial Terms
  • Potential Rental Growth ERV in the Region of £45,000 per annum
  • Refurbished Nightclub, Refurbished Beauty Salon
  • Refurbished Gymnasium with Zumba Rooms with Additional Space
  • For Sale Freehold Subject to Existing Leases
  • Extending to Provide Over 979.8sqm, 10,545sqft of Accommodation GIA

Description

Location...
The historic market town of Boston has a population which has all but doubled in the last 20 years and has a strong retail leisure offering.
 
The town has a historic twice weekly market, a large hospital, busy seaport and has been the centre of large infrastructure projects recently including new £110 million Barrage, £150 million Viking Link, £110 million Water Dowsing Cable, the proposed Helpringham Fen Reservoir, Boston Alternative Energy Power Station and Boston Alternative Energy 2 Power Stations.
 
The property is located within the centre of the cultural quarter in the centre of town on historic South Street, linking the marketplace to the port to the south.
 
The property comprises a Grade II Listed timber frame and brick building with the accommodation arranged over 3 floors currently providing 4 separate lettings.
 
The front of the building is a full width refurbished beauty and hairdressing salon trading as Eva's Beauty Room.
 
A side access leads to the upper floors which house Chang Phueak Gym and Zumba rooms at the front under 2 separate tenancies.
 
To the rear of the property is a ground floor nightclub known as Pirana.
 
Accommodation...
Eva's Beauty Room
Gross Internal Floor Area.........103.9sqm, 1,120sqft
(Estimated)
 
Main Salon...............18.4m x 3.6m & 10.3m x 3.2m, 63sqm
2 Glass Partitioned Treatment Areas.
Ancillary Accommodation.....................3.3m x 3.5m, 10sqm
Treatment Room 1..............................2.5m x 5.1m, 8.1sqm
Store.......................................................2m x 1.3m, 2.7sqm
Treatment Room 2..............................3.5m x 1.6m, 5.6sqm
WC
Front Righthand Salon.........................4.3m x 4.6m, 20sqm

Chang Phueak Gym
Gross Internal Floor Area.......310.5sqm, 3,305sqft
(Estimated)
 
To the side of the property is Shodfriars Lane where there is a side entrance leading to the Gym and Zumba Rooms allocated to the first floor.
 
First Floor Reception Room..............4.5m x 4.1m, 18.8sqm
Having modern internal plaster wall finishes.
Main Trading Area........................19.2m x 10.4m, 200sqm
with Boxing Ring
Second Floor Viewing Balcony.......10.3m x 6.4m, 66.5sqm
Inner Hall
2 WC's
 
Zumba Rooms
Gross Internal Floor Area.......105.9sqm, 1,140sqft
(Estimated)
 
Beyond the Gymnasium Reception is a doorway leading through to a communal entrance hall.  Beyond the communal entrance hall are the Zumba Rooms and break out and training area.
Room No. 1.........................................7m x 5.8m, 41.6sqm
Room No. 2......................................6.5m x 9.7m, 64.2sqm
 
Unfurnished Accommodation
Gross Internal Floor Area..........154sqm, 1,655sqft
(Estimated)
 
Stairs lead to the second floor comprising 2 large rooms requiring refurbishment.
 
Pirana Nightclub
Gross Internal Floor Area..........280sqm, 3,115sqft
(Estimated)
 
To the rear of the property a recessed double door gives entrance to the ground floor night club.
Reception Area....................................6.2m x 3m, 18.6sqm
Coat Storage Area
Walk-in Cupboard
Main Club Area....................................19m x 11m, 206sqm
Featuring alcove seats.
Ladies WCs off
Bar Area
Raised DJ Area
Cellar
Full height, full building depth
Kitchen Area....................................2.2m x 3.3m, 7.26sqm
Living Room/Office Area................4.1m x 3.3m, 13.53sqm
Bedroom/Office...................................3m x 3.6m, 10.8sqm
WC

 
GIFA
Rent
Per week
Rent
Per annum
Term
Termination Date
Rent Review
Beauty Salon
103.9m2
1,120ft2
£200
£10,400 pa
 
Nov 29
 
Thai Gym Boxing Club
310.0m2
3,305ft2
£200
£10,400 pa
6yrs
31.10.29
1.11.26
Piranha Nightclub
280.0m2
3,105ft2
 
£16,500 pa
 
Nov 29
 
Zumba Rooms and Fitness
2 Front Rooms
105.8m2
1,140ft2
£75
£3,900 pa
5yrs
2.9.27
7.4.25
Total
 
£41,200 pa
 
 
Tenure...
The properties are let on standard commercial terms at rent subject to VAT. Rent Reviews are upwards only to Market Rent.
 
Outgoings...
Outgoings are the responsibility of the individual tenants.
EPC...
TBC.
 
Viewing...
All viewings are to be made by appointment through the agent, Poyntons Consultancy.

Brochures

Sibsey Lane, Boston, Lincolnshire, PE21 6HB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Boston Station0.3 miles
  • Hubberts Bridge Station3.6 miles

About Poyntons Consultancy Commercial, Lincolnshire Office

Poyntons Consultancy Ltd - Commercial, 24,26 and 28, South Street, Boston, Lincolnshire, PE21 6HT

Poyntons Consultancy Commercial, 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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Notes

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Disclaimer - Property reference ShodfriarsHall. 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 Commercial, 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.

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