8 Market Place Boston Lincolnshire PE21 6EH

8 Market Place
Boston
Lincolnshire
PE21 6EH

Freehold Retail Investment

Prominent town centre location in important Lincolnshire market town
Let to Boots Opticians
Trading as an opticians for at least 30 years
Neighbouring occupiers include H Samuel, KFC, NatWest, Barclays and Lloyds banks

Lot
33
Auction
12th February 2020
Rent
£39,430 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN
On Behalf of Wesleyan

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Freehold Retail Investment

Prominent town centre location in important Lincolnshire market town
Let to Boots Opticians
Trading as an opticians for at least 30 years
Neighbouring occupiers include H Samuel, KFC, NatWest, Barclays and Lloyds banks

Lot 33
Auction 12th February 2020
Rent £39,430 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN
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 located 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

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.

EPC

See legal pack at www.acuitus.co.uk

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.

EPC

See legal pack at www.acuitus.co.uk

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 2018, Boots Opticians Professsonal Services Limited reported a turnover of £388,826,000, pre-tax profits of £16,575,000 and a total net worth of £82,713,000 (Source: Experian Group 13/01/2020).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.