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 52
Auction 11th July 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Status Withdrawn Post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
Property Information
Location
Miles
34 miles south-east of Lincoln, 34 miles 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.
Location
Miles
34 miles south-east of Lincoln, 34 miles 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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
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 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
£39,430
22/10/2022
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, pre-tax profits of £21,073,000 and a total net worth of £72,306,000 (Source: Experian Group 06/04/2018).
