8 Market Place
Boston
Lincolnshire
PE21 6EH

Freehold Retail Investment

  • Prominent town centre location in affluent Lincolnshire market town
  • Let to Boots Opticians
  • Trading as an opticians for at least 30 years
  • Neighbouring occupiers include Marks & Spencer, H Samuel, KFC, NatWest, Barclays and Lloyds banks
  • Lot
    3
  • Auction
    24/May/2018
  • Rent
    £39,430 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Wesleyan
Important Property Update
  • 8 Market Place<br>Boston<br>Lincolnshire<br>PE21 6EH
  • Expand
  • Photos
  • Map

Property Information

Location
Miles
34 miles south-east of Lincoln, 34 mile north-east of Peterborough, 55 miles east of Nottingham
Roads
A16, A52
Rail
Boston Railway Station
Air
East Midlands Airport
Situation

The property is prominently situated adjacent to Marks & Spencer, on the east side of Market Place in the heart of Boston town centre. Other neighbouring occupiers include H Samuel, KFC, NatWest, Barclays and Lloyds banks. Market Place provides car parking for approximately 120 cars and Boston Market is held twice a week.

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Retail
Ancillary
Ancillary
88.92 sq m
76.9 sq m
84.3 sq m
(957 sq ft)
(827 sq ft)
(907 sq ft)
BOOTS OPTICIANS
PROFESSIONAL SERVICES
LIMITED (1
)
10 years from
23/10/2012 on a
full repairing and
insuring lease
£39,43022/10/2022
Total
250.12 sq m
(2,691 sq ft)
  £39,430 

(1) For the year ending 31st August 2016, Boots Opticians Professsonal Services Limited reported a turnover of £278,106,000, a pre-tax profit of £21,073,000 and a total net worth of £72,306,000 (Source: Experian Group 6/4/2018).

Property Documents

  • Site Plan
    Updated Date
    02.05.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    767 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Coley & Tilley Solicitors Neville House, 14 Waterloo Street
Birmingham
B2 5UF
Neil Holden 01216 435 531nh@coleyandtilley.co.uk

Useful Links

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