Retail premises for sale in Strait Bargate, Boston PE21

£3,250,000 (£50.07/sq. ft)
64,904 sq. ft*
Interested in this property? Call +44 1205 875041 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

32-34 Strait Bargate Gross Sales Area 68m2,705ft2
36 Strait Bargate Gross Sales Area 168m2,1,810ft2
4 Strait Bargate Gross Sales Area 51.9m2,560ft2
ncp Car Park Passing Rent £63,000 pa
Leases Contain Development Clauses

Location...
Boston is a bustling market town with an extensive range of local amenities, located on the South Lincolnshire Fens, approximately 35 miles to the north-east of Peterborough and 100 miles to the north of London.

The property extends to the prime retail zone, where it benefits from an extended frontage to Strait Bargate and Wide Bargate (see plan). Nearby traders include qd Stores, W H Smith, Santander Bank, Waterstones Book Shop (see plan).

The twice weekly historic Boston Market attracts shoppers and tourists to the town. The market is located in the Market Place and Wide Bargate.

Boston is predicted to be one of the fastest growing towns in the East Midlands Region. Current estimates predict the population to be in the region of 60,000 residents.

The town is a sub-regional shopping centre with approximately 100,000m2 of retail shopping floor space. The town has an estimated primary retail catchment area of 77,000 shoppers. When combined with the secondary area this increases to 235,000 shoppers.

Description...
The sale comprises three retail units with accommodation over and an extensive area to the rear, let to ncp Car Parks.

32-36 Strait Bargate is presently combined to form one unit, however was designed as two separate units with an apartment over. The units have just been vacated and are currently let Subject to Contract to a new tenant. Details of the lettings are available on request with a commencing rent agreed at £15,000 for Year 1, increasing to £25,000 by Year 3 and the leases will contain a 6 month development clause in favour of the new purchaser.

4 Wide Bargate is currently arranged to provide a retail space with offices to the rear and vacant accommodation over with rent payable of £6,000 per annum. The façade is Grade II listed and part of the property is over an archway leading to the site at the rear which is used by ncp.

Outgoings...
Business Rates are:
32-34 Strait Bargate £43,000
36 Strait Bargate £62,500
4 Wide Bargate £22,250
National Car Parks £61,000

Schedule of Accommodation….
32-34 Strait Bargate

Gross Sales Area 68m2 705ft2
Sales itza 50.7m2 545ft2

36 Strait Bargate

Gross Sales Area 168m2 1,810ft2
Sales itza 112.7m2 1,215ft2

First Floor Accommodation Gross (est) 100m2 1,076ft2

4 Wide Bargate

Gross Sales Area 51.9m2 560ft2
Sales itza 44.5m2 473ft2

Rear Former Beauty Rooms now used as offices Gross Internal Floor Area 42m2 450ft2
Beauty Rooms Net Internal Area 29m2 315ft2

First Floor (est) Vacant Gross Sales Area 158m2 1,700ft2
Second Floor (est) Vacant 158m2 1700ft2

Estimated Ground Floor Area 424m2 4,560ft2

Rear Car Park
The rear site is let to ncp on a lease expiring 2021, obtaining a development break clause. Current passing rent is £63,000 pa, details of the lease are available upon request.

Bid of Sale...
Conditional and unconditional offers are welcome from prospective purchasers at the guide price of £3.25 million Subject to Contract. Properties are being offered to the market by way of private treaty and all expressions of interest are welcomed.

EPC...
Instructed.

Viewing...
By appointment through the agent.

Property info

Nearby transport

  • Boston (0.3 miles)
  • Hubberts Bridge (3.6 miles)
  • Swineshead (6.9 miles)
  • Humberside Airport (43.3 miles)
  • Robin Hood Airport (53.1 miles)
  • East Midlands Airport (55.4 miles)
  • West Lynn Ferry Landing (23.1 miles)
  • King's Lynn Ferry Landing (23.2 miles)
  • Hull Ferry Terminal (53.9 miles)

Nearby schools

View all schools in Boston
  • Boston Pioneers Free School Academy (0.3 miles)
  • Carlton Road Academy (0.5 miles)
  • Tower Road Academy (0.5 miles)
  • Boston College (0.6 miles)
  • Bridge House Independent School (1.6 miles)
  • Linkage Community Trust (12.9 miles)
  • The Boston Grammar School (0.3 miles)
  • The John Fielding Special School (0.6 miles)
  • Haven High Academy (0.6 miles)
Note: Distance is shown as a straight line measurement

Local info for Boston

* Sizes listed are approximate. Please contact the agent to confirm actual size.

For more information about this property, please contact
Poyntons Consultancy, PE21 on +44 1205 875041 * (local rate)

Contact Poyntons Consultancy about this property

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Poyntons Consultancy, and do not constitute property particulars. Please contact Poyntons Consultancy for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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