prime retail premises 16 market place boston pe21 6eh

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PRIME RETAIL PREMISES WITH PLANNING PERMISSION FOR CONVERSION OF UPPER FLOORS TO RESIDENTIAL 128.10 sq m (1,379 sq ft) Sales

16 MARKET PLACE BOSTON PE21 6EH

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INSERT PHOTO HERE – Please do not remove this text FOR SALE / GROUND TO box. Photographs should be insertedFLOOR within a text box to LET  

GOAD PLAN

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successfully and efficiently create a PDF of the brochure. Prime retail premises overlooking Town Market Place 128.10 sq m (1,379 sq ft) ground(insert/photo/from floor sales plus 206.80 file) sq m (2,226 sq ft) upper floors with planning permission for conversion to 6 apartments Nearby retailers include Marks and Spencers, Greggs, Boots, Savers, Edinburgh Woollen Mill and Nationwide Building Society AVAILABLE FOR SALE AS A WHOLE OR UPPER FLOORS SEPARATELY

LOCATION

RATES

The property is situated in a prominent location on Market Place Boston. Nearby retailers include Marks and Spencers, Greggs, Boots, Savers, Edinburgh Woollen Mill and Nationwide Building Society. £2,000,000 (Two million pounds) has been spent by Boston Borough Council on a scheme of improvements to Market Place which have considerably upgraded the environment in the surrounding area for shoppers as well as providing an improved transport hub for visitors using public transport into and out of the town.

Charging Authority: Description: Rateable value: UBR: Period:

Boston is an affluent East Lincolnshire Market Town providing the main retail and commercial facilities for both the town residents and surrounding extensive agricultural based catchment. It has a resident population of circa 60,000 and a catchment population of approximately 125,000. It is also one of the largest inland ports on the East Coast handling over 1.5 million tonnes of cargo per annum.

Please note that on implementation of the Planning Permission the Rating Assessment will change.

The town is located approximately 37 miles north east of Peterborough and 35 miles south east of Lincoln.

PROPERTY A prominent end of terrace Grade II Listed retail premises laid out over ground, first and second floor levels. The property has a main frontage to Market Place and a return frontage to Dolphin Lane.

Boston Borough Council Shop & Premises £28,250 0.493 2015 - 2016

Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.

TENURE AND PRICE/RENT The property is available on a number of basis: 1. The whole property is available to let at a rental of £40,000 per annum exclusive (Forty thousand pounds per annum exclusive). 2. The whole property is available for sale with vacant possession. Sale price £450,000. 3. The ground floor is available to let separately from the upper floors on a new lease drawn on FRI terms – Rent £25,000 per annum exclusive. 4. The upper floors are available for sale by way of a long leasehold interest for a term of 125 years – price £150,000.

Planning and Listed Building Consent have been secured for the conversion of the upper floors into 6 apartments with a self-contained access from Dolphin Lane. Plans for this are opposite.

VAT

ACCOMMODATION

LEGAL COSTS

The property provides the following dimensions and accommodation:

The ingoing tenant will be responsible for the landlords reasonable legal costs in connection with a letting. In the case of a sale, each party will pay their own costs.

Gross Frontage: Net Frontage: Shop Depth:

5.20 m 4.80 m 28.60 m

17 ft 1 in 15 ft 8 in 93 ft

VAT may be charged in addition to the rental at the prevailing rate.

ENERGY PERFORMANCE CERTIFICATE The property has an EPC rating of D85.

Ground floor Sales: First Floor: Second Floor:

128.10 sq m 91.70 sq m 115.10 sq m

1,379 sq ft 987 sq ft 1,239 sq ft

VIEWING Strictly by appointment through the Chartered Surveyors.

SERVICES All mains services including gas, water, drainage and electricity are available and connected to the property.

Contact: Tel: Email:

TOWN AND COUNTRY PLANNING The current use of the property falls within Class A1 (Retail) of the Town and Country Use Classes Order 1987 (as amended). Planning and Listed Building Consents ref B/14/0423 and B/14/0417 respectively have been secured for the conversion of the upper floors into 6 self-contained flats. Full plans and copies of the consents are available on request. The property is Grade II Listed and is located within a Conservation Area.

James Butcher or Harriet Hatcher 01522 544515 [email protected] [email protected]

FLOOR PLAN Ref:

JRB/HH/LS/5983/I15