9 Wide Bargate Boston Lincolnshire PE21 6QY

9 Wide Bargate
Boston
Lincolnshire
PE21 6QY

Grade II Listed Town Centre Freehold Retail Investment

Prominent town centre location in Lincolnshire market town
Adjacent to Waterstones and the Pescod Square Shopping Centre with 400 car parking spaces
Let to Specsavers Optical Superstores Limited
Nearby occupiers include Next, Greggs, Wilko, Oldrids, Caffe Nero and Costa Coffee

Lot
41
Auction
12th February 2020
Rent
£45,000 per Annum Exclusive
Status
Sold Post
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Important Update

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Grade II Listed Town Centre Freehold Retail Investment

Prominent town centre location in Lincolnshire market town
Adjacent to Waterstones and the Pescod Square Shopping Centre with 400 car parking spaces
Let to Specsavers Optical Superstores Limited
Nearby occupiers include Next, Greggs, Wilko, Oldrids, Caffe Nero and Costa Coffee

Lot 41
Auction 12th February 2020
Rent £45,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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 situated on the southern side of Wide Bargate, adjacent to the Pescod Square Shopping Centre in the heart of Boston town centre. Market Place is close by, which provides street car parking for approximately
120 cars and is home to Boston Market that is held twice a week. Nearby occupiers include Waterstones (adjacent), Next, Greggs, Costa Coffee, Caffe Nero, Santander, Clarks, Superdrug, Peacocks, Poundland and Wilko.

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

This Grade II listed property comprises ground floor retail with ancillary accommodation on the upper floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack at www.acuitus.co.uk

Description

This Grade II listed property comprises ground floor retail with ancillary accommodation on the upper floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First Second	Retail Ancillary Ancillary	195.70 sq m 145.95 sq m 60.55 sq m	(2,106 sq ft) (1,571 sq ft) (652 sq ft)	SPECSAVERS OPTICAL SUPERSTORES LIMITED (1)	10 years from 17/04/2015 expiring 16/04/2025 on a full repairing and insuring lease	£45,000	17/04/2020
Total		402.20 sq m	(4,329 sq ft)			£45,000

(1) For the year ended 28th February 2019, Specsavers Optical Superstores Limited reported a turnover of £667,178,000, pre-tax profits of £14,066,000 and a total net worth of £68,184,000 (Source: Experian 20/12/2019). "...A family-run business for over 30 years....in the UK, Ireland, Netherlands, Norway, Sweden, Denmark, Finland, Spain, Australia and New Zealand, employing over 32,500 people who work across our 1,978 stores. In 2018/19 Specsavers sold more than 21.9 million frames, 530 million contact lenses, and 400,000 hearing aids" (Source: www.specsavers.co.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.