Wide Bargate, Boston, Lincolnshire, PE21 6SR
- SIZE AVAILABLE
2,101 sq ft
195 sq m
- SECTOR
Office for sale
Key features
- High profile shop
- Arranged over two floors
- Situated in a prime retail area
- Rental income: £20,000 per year
- Potential income £29,000pa when fully let
- Freehold title
Description
We are pleased to offer to auction this central shop and offices that are arranged over 2 floors with both units having access from the frontage.
The ground floor shop is leased to CEX (franchising) Ltd on a 10 year lease commencing on the 6th January 2017 at £20,000 pa.
The first floor is currently vacant office accommodation, which was formerly let to an escape room business and was generating £9,000 per annum.
Please note we have not inspected this property.
Location
The attractive property is located in Boston Town Centre in Lincolnshire. Boston is an historic market town in the east of England and has a resident population of circa 70,500 having the greatest increase in population percentage of the East Midlands (7.7% from 2011 to 2021, census).
This Commercial Investment is situated in a prominent position on Wide Bargate with nearby occupiers including Next, Morrisons, W H Smith, Santander, Specsavers and Waterstones. It is also within close proximity to the Prime retailing areas of Strait Bargate and Pescod Square Shopping Centre.
The property is also closely located to Central Park, one of the focal points of the town, where many people enjoy the open space. The Park holds a number of events throughout the year and includes a bird aviary, children's play area, skate park, café, public toilets and open lawned park land.
Accommodation
Ground Floor
Mess/staff room - 9.43 sqm
Kitchen - 3.98 sqm
Internal Storage - 10.4 sqm
Staff toilets
Retail Zone A. - 31-36 sqm
Retail Zone B. - 38.22 sqm
Retail Zone C. - 15.86 sqm
Total - 109.25 sqm
First floor
Escape Room 82.04 sqm
Kitchen 2.59 sqm
Internal storage 1.4 sqm
Toilets
Total - 86.03 sqm
Tenure
Freehold. Title number LL94829.
Rateable Value
The current rateable values as of 1st April 2023:
Ground Floor: £23,250
First floor: £8,000
Sourced from VOA.
EPC
Available upon request.
Ground floor: rating C
First floor: rating E
VAT
The owner has informed us the property is registered for VAT.
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Brochures
Wide Bargate, Boston, Lincolnshire, PE21 6SR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Boston Station0.4 miles
- Hubberts Bridge Station3.7 miles
About Pattinsons, Pattinsons Auction- National Auctioneer
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Notes
Disclaimer - Property reference 460842. 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 Pattinsons, Pattinsons Auction- National Auctioneer. 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.
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 Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.
*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.
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