11 Market Place & 14 Dolphin Lane Boston Lincolnshire PE21 6EH

11 Market Place & 14 Dolphin Lane
Boston
Lincolnshire
PE21 6EH

Freehold Retail Investment

Let to Poundstretcher Limited
Prime pedestrianised town centre location
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
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of GVA Receivers

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Freehold Retail Investment

Let to Poundstretcher Limited
Prime pedestrianised town centre location
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

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

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)