About this property
Key Features
Freehold subject to lease
Prime trading position
Substantial retail property with uppers
Description
A prominent retail premises with uppers, in a pedestrianised section of Strait Bargate in the popular town of Boston.
The terraced building is of brick construction beneath flat roofs, with potential to extend or alternative uses STP.
The property is arranged over 2 floors with the accommodation comprising:
Ground floor - main retail sales area with extensive glazed frontage; Store Room; Office area; Kitchen/break room; a pair of Cloakrooms each with a WC and sink; and Rear Lobby giving access to the rear yard. The ground floor totals 1928ft².
First floor - sales area with suspended ceiling and changing rooms (with emergency exit to rear yard); Store room incorporating a small Office. The first floor sales/ancillary areas total 1338ft².
EPC rating of D.
Tenure
Freehold subject to lease
Location
The property occupies a prime trading position close to a variety of national and local retailers including, Specsavers, WH Smith, Post Office, Vision Express and Cafe Nero with parking available nearby. The positioning of the property is close to the weekly market, thereby ensuring strong levels of footfall.
Boston is a market town in Lincolnshire serving multiply nearby villages and close to the Wash.
Lot Type
Commercial
Planning
The property falls under Class E and may be used A1, A2, A3, B1 and selected D1and D2 use classes.
Tenancies
The property is currently occupied by Trespass Operations Ltd; the current 1 year lease is due to expire on 27th June 2021, and is in the process of being extended. The lease features mutual rolling breaks exercisable by either party on one month's notice. The tenant is currently paying no rent as per this agreement. See legal pack for details.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Nicola Kilby of Knights, 34 Pocklingtons Walk, Leicester, LE1 6BU
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�