5-7 Wide Bargate Boston Lincolnshire PE21 6QY

5-7 Wide Bargate
Boston
Lincolnshire
PE21 6QY

Well Located Grade II Listed Town Centre Freehold Retail Investment

Let to SENSE (a National Charity)- on new 10 year lease from June 2021
Fully Refurbished Shop-Approx. 462.16 sq m
(4,975 sq ft)
Prominent Town Centre location in Lincolnshire Market Town
Adjacent to Specsavers and close to the Pescod Square Shopping Centre with 400 car parking spaces
Nearby retailers include Next, WH Smith, Greggs, Wilko, Caffe Nero and Costa Coffee

Lot
25
Auction
13th December 2021
Rent
£30,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Well Located Grade II Listed Town Centre Freehold Retail Investment

Let to SENSE (a National Charity)- on new 10 year lease from June 2021
Fully Refurbished Shop-Approx. 462.16 sq m
(4,975 sq ft)
Prominent Town Centre location in Lincolnshire Market Town
Adjacent to Specsavers and close to the Pescod Square Shopping Centre with 400 car parking spaces
Nearby retailers include Next, WH Smith, Greggs, Wilko, Caffe Nero and Costa Coffee

Lot 25
Auction 13th December 2021
Rent £30,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

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 in a prominent trading position on the pedestrianised Wide Bargate where it meets Strait Bargate. Strait Bargate is the principal pedestriansed section of Boston town centre. Pescod Square Shopping Centre is immediately to the rear of the subject property and the entrance is adjacent to the property. Other retailers in the immediate vicinity include Specsavers, Waterstones, WH Smith and Oldrids Department Store. Pescod Square Shopping Centre is anchored by Wilkinson, Peacocks and various other multiple retailers such as Next, Superdrug and Costa Coffee. The property is also well positioned close to the main town centre car parks.
Every Wednesday and Saturday there is a market on Strait Bargate close to the property thereby driving additional footfall past the building.

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 a large ground floor shop with ancillary accommodation on the first floor. The property was thoroughly refurbished prior to the present tenancy commencing but the second floor is not currently used.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion

EPC

See legal pack at www.acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

Completion Period

6 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 Ancillary	336.94 sq m 125.22 sq m	(3,627 sq ft) (1,348 sq ft) Void	SENSE (2)	10 years from 7/06/2021 on a full repairing and insuring lease (1) (3)	£30,000	07/06/2026
Total		462.16 sq m	(4,975 sq ft)			£30,000

(1) The lease provides for a tenant option to determine on 7th June 2026
(2) Sense, the National Deaf, Blind and Rubella Association founded 60 years ago with over 100 Sense Shops across England and Wales, has an annual turnover of more than £60 million.(Source: - www.sense.org.uk)
(3) There is a waiver in respect of the repairing covenants of the upper floors, until such time as the tenant occupies this accommodation-please see lease.

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.