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
    12/Feb/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
  • 8 Market Place<br>Boston<br>Lincolnshire<br>PE21 6EH
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

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 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.20
    File Size
    880 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.20
    File Size
    983 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
41 Church St
Birmingham
West Midlands
B3 2RT
Bryan Poultney bpoultney@wilkes.co.uk

Useful Links

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