MapProperty for sale
Wide Bargate, Boston
Auction
Property
2,102 sq ft / 195 sq m
Features and description
- Tenure: Freehold
*For sale via secure sale online bidding: terms and conditions apply.*
We are pleased to offer to auction this central shop and offices 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 generated £9,000 per annum.
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.
Description - *For sale via secure sale online bidding: terms and conditions apply.*
We are pleased to offer to auction this central shop and offices 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 generated £9,000 per annum.
Business Rates - The Valuation Office Agency have the following floor areas and rateable value as at April 2023:
Ground Floor
Mess/staff room - 9.43 sq.m
Kitchen - 3.98 sq.m
Internal Storage - 10.4 sq.m
Staff toilets - 0
Retail Zone A. - 31-36 sq.m
Retail Zone B. - 38.22 sq.m
Retail Zone C. - 15.86 sq.m
Total - 109.25 sq.m
Rateable value £23,250.
First floor
Escape Room 82.04 sq.m
Kitchen 2.59 sq.m
Internal storage 1.4 sq.m
Toilets - 0
Total - 86.03
Rateable value £8,000
Tenure - The freehold of the property is for sale.
Vat - The owner has informed us the property is registered for VAT.
Epc - Ground Floor EPC rating 'C'.
First Floor EPC rating 'E'.
Agents Note - The rental income and tenancy details stated in the brochure are as at July 2023. Prospective purchasers must confirm with their solicitor the rent payable as at the time of purchase. All measurements are approximate. The services, fixtures and fittings have not been tested by the Agent.
All properties are offered subject to contract offered subject to not being previously sold or withdrawn; these particulars are issued on the understanding that all negotiations are conducted through Bruce Mather Limited.
Bruce Mather Limited for themselves and for Sellers of this property whose Agent they are give notice that:-
1) the particulars, whilst believed to be accurate, are set out as a general outline for intended buyers and do not constitute nor constitute part of any offer or contract; 2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending Buyers or Tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy; 3) no person in the employment of Bruce Mather Limited has any authority to make or give any representation or warranty whatever in relation to this property.
Viewings - By appointment with the Letting Agents, Bruce Mather Limited. [use Contact Agent Button]
We are pleased to offer to auction this central shop and offices 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 generated £9,000 per annum.
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.
Description - *For sale via secure sale online bidding: terms and conditions apply.*
We are pleased to offer to auction this central shop and offices 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 generated £9,000 per annum.
Business Rates - The Valuation Office Agency have the following floor areas and rateable value as at April 2023:
Ground Floor
Mess/staff room - 9.43 sq.m
Kitchen - 3.98 sq.m
Internal Storage - 10.4 sq.m
Staff toilets - 0
Retail Zone A. - 31-36 sq.m
Retail Zone B. - 38.22 sq.m
Retail Zone C. - 15.86 sq.m
Total - 109.25 sq.m
Rateable value £23,250.
First floor
Escape Room 82.04 sq.m
Kitchen 2.59 sq.m
Internal storage 1.4 sq.m
Toilets - 0
Total - 86.03
Rateable value £8,000
Tenure - The freehold of the property is for sale.
Vat - The owner has informed us the property is registered for VAT.
Epc - Ground Floor EPC rating 'C'.
First Floor EPC rating 'E'.
Agents Note - The rental income and tenancy details stated in the brochure are as at July 2023. Prospective purchasers must confirm with their solicitor the rent payable as at the time of purchase. All measurements are approximate. The services, fixtures and fittings have not been tested by the Agent.
All properties are offered subject to contract offered subject to not being previously sold or withdrawn; these particulars are issued on the understanding that all negotiations are conducted through Bruce Mather Limited.
Bruce Mather Limited for themselves and for Sellers of this property whose Agent they are give notice that:-
1) the particulars, whilst believed to be accurate, are set out as a general outline for intended buyers and do not constitute nor constitute part of any offer or contract; 2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending Buyers or Tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy; 3) no person in the employment of Bruce Mather Limited has any authority to make or give any representation or warranty whatever in relation to this property.
Viewings - By appointment with the Letting Agents, Bruce Mather Limited. [use Contact Agent Button]
Property information from this agent
About this agent
Established in 2006 by Bruce Mather a Chartered Surveyor, Agricultural Valuer and Auctioneer with forty years experience of valuing and selling all types of property in Boston and Lincolnshire. Our practice has been established to provide expertise and a professional quality service in Estate Agency. The business has never looked backwards and employs trained professionals to cover all aspects of Estate Agency so you know you are in safe hands whether you are seeking to buy, sell or let. We are full members of the Property Ombudsman Scheme and members of the professional trade associations NALS and Safe Agent who insure our clients funds. We are well known for our proficient approach and widespread marketing. Estate Agency is about communication. If buyers are aware of our stock, and our clients are aware of our buyers, we will sell more property. Communication, motivation and an understanding of what buyers and clients are looking for is key to any good estate agent. We offer the following services: •Residential and Commercial Property Sales and Lettings•Property Letting Management•Farm Valuations, Acquisitions and Sales•Property Auctions•Property Valuations•Planning Applications
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