Market Place, Boston

Investment property for sale comprising bank currently achieving approx. £28,000 per annum exclusive.

Location - Boston is a large market town and port within south-east Lincolnshire, with a resident population of 36,000 persons, sited some 30 miles south-east of Lincoln and 23 miles south of Skegness. Within the town are to be found traditional services and retail amenities with a significant retail scheme on Pescod Square.

The property is prominently situated on Market Place in a well-established, high footfall area of the town centre. Neighbouring occupiers include Boots the Chemist, Edinburgh Woollen Mill, and Holland & Barrett.

Accommodation -

Main Banking Hall - Split with:

Glass Partitioned Office -

3X Further Glass Partitioned Offices/Meeting Rooms -

Atm Room -

Kitchen - With base units, stainless steel sink and drainer, and electric heater.

Back Office - With door to store and secure area.

Gents Wc - With urinal, cubicle, and wash hand basin.

Ladies Wc - With 2x cubicles and wash basins.

Office - With air conditioning unit.

Outside - Rear access to staff parking.

Services - Some mains services are understood to be available. The agents have not inspected or tested any of the services or service installations and tenants should make their own enquiries.

Rateable Value - Enquiry of the VOA website indicates:-
Description - Bank and premises
Rateable Value - £43,000
Rating Authority - East Lindsey District Council.

Tenure - The property is believed to be of freehold tenure.

Lease Details - The property is Let by way of a 5 year FRI lease from 20.08.2023 at a rent of £28,000 per annum exclusive. The tenant has a break clause at the end of Year 3.

Vat - Please note, all prices quoted may be subject to VAT unless stated otherwise.

Viewing - Strictly by appointment with the sole agents, TES Property.