Nearby occupiers include Marks & Spencer, NatWest Bank, Boots Opticians, Caffè Nero and Nationwide Building Society
Lot 76
Auction 23rd October 2014
Rent £87,500 per Annum Exclusive
Status Sold
Price £602,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of GVA Receivers
Property Information
Location
Miles
32 miles north of Peterborough
47 miles east of Nottingham
34 miles south-east of Lincoln
Roads
A16, A52
Rail
Boston Railway Station
Air
East Midlands Airport
Situation
The property is located in the heart of Boston’s pedestrianised retail zone, situated on the east side of Market Place the town’s main market square. Neighbouring occupiers include Marks & Spencer, NatWest Bank, Boots Opticians, Caffè Nero and Nationwide Building Society.
Tenure
Freehold.
Location
Miles
32 miles north of Peterborough
47 miles east of Nottingham
34 miles south-east of Lincoln
Roads
A16, A52
Rail
Boston Railway Station
Air
East Midlands Airport
Situation
The property is located in the heart of Boston’s pedestrianised retail zone, situated on the east side of Market Place the town’s main market square. Neighbouring occupiers include Marks & Spencer, NatWest Bank, Boots Opticians, Caffè Nero and Nationwide Building Society.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from frontages to both Market Place and Dolphin Lane.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from frontages to both Market Place and Dolphin Lane.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail Ancillary
675.06 sq m 195.90 sq m
(7,266 sq ft) (2,109 sq ft)
POUNDSTRETCHER LIMITED (1)
15 years from 27/08/2002 on a full repairing and insuring lease
£87,500
26/08/2017
Totals
870.96 sq m
(9,375 sq ft)
£87,500
(1) Poundstretcher was established in 1981 and is the UK’s leading discount retailer of products for the home, with more than 400 retail stores across Britain. (Source: www.poundstretcher.co.uk 09/09/2014)
