Let to The Carphone Warehouse Limited until March 2018
Prime pedestrianised town centre location
Nearby occupiers include Marks & Spencer, Argos, WHSmith and Caffè Nero
Affluent Lincolnshire market town
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
Lot 33
Auction 11th December 2014
Rent £46,305 per Annum Exclusive
Status Sold
Price £475,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
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 situated on the pedestrianised section of Market Place at its junction with Strait Bargate, the prime trading location in the heart of Boston town centre. Neighbouring occupiers include Marks & Spencer, Argos, Caffè Nero, WHSmith, HSBC and NatWest Banks. Pescod Square Shopping Centre is located close by.
Tenure
Freehold.
Location
Miles
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 situated on the pedestrianised section of Market Place at its junction with Strait Bargate, the prime trading location in the heart of Boston town centre. Neighbouring occupiers include Marks & Spencer, Argos, Caffè Nero, WHSmith, HSBC and NatWest Banks. Pescod Square Shopping Centre is located close by.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
Six Week Completion
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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.
Six Week Completion
Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 Ancillary
81.48 sq m 79.15 sq m
(877 sq ft) (852 sq ft)
THE CARPHONE WAREHOUSE LIMITED (1)
25 years from 25/03/1993 on a full repairing and insuring lease
£46,305
24/03/2018
Totals
160.63 sq m
(1,729 sq ft)
£46,305
1) For the year ending 29/03/2014, The Carphone Warehouse Limited reported a turnover of £1,783,596,000, pre-tax profits of £90,986,000 and a total net worth of £955,778,000. (Source: www.riskdisk.com 12/09/2014) (2)The areas stated above were agreed at the last rent review.
