60 Market Place Boston Lincolnshire PE21 6LS

60 Market Place
Boston
Lincolnshire
PE21 6LS

Freehold Retail Investment

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
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

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

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

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.