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
    12/Feb/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 Auction & Property Update
  • 9 Wide Bargate<br>Boston<br>Lincolnshire<br>PE21 6QY
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* 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 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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
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
£45,00017/04/2020
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 £1,000 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
    790 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.20
    File Size
    752 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
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Hugh - Jones LLP 137 Ballard's Lane
London
N3 1LJ
Birshen Aktan 0208 346 2236b.aktan@hugh-jones.co.uk

Useful Links

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