3 Strait Bargate Boston Lincolnshire PE21 6EE

3 Strait Bargate
Boston
Lincolnshire
PE21 6EE

  • 3 Strait Bargate<br>Boston<br>Lincolnshire<br>PE21 6EE

Freehold Town Centre Retail Investment

  • Let to Vodafone Limited
  • Re-based rent in 2018 (previous rent £57,500 pax)
  • Excellent Town Centre trading location close to Pescod Square Shopping Centre
  • Nearby occupiers include Caffé Nero, Costa Coffee, WH Smith, Morrisons Daily and Next.
  • Lot
    36
  • Auction
    12/Jul/2022
  • Rent
    £41,850 per Annum Exclusive
  • Status
    Available
  • Price*
    £350,000 - £375,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
34 miles south-east of Lincoln and 55 miles east of Nottingham
Roads
A16, A52
Rail
Boston Railway Station
Air
East Midlands Airport
Situation

Boston is an historic Lincolnshire market town with an excellent population. The property is situated in an excellent trading location on the southern side of Strait Bargate - the main retailing pitch in Boston. Nearby retailers include Caffé Nero. Costa Coffee, WH Smith, Morrisons Daily and Next.

Tenure

Freehold.

Location
Miles
34 miles south-east of Lincoln and 55 miles east of Nottingham
Roads
A16, A52
Rail
Boston Railway Station
Air
East Midlands Airport
Situation

Boston is an historic Lincolnshire market town with an excellent population. The property is situated in an excellent trading location on the southern side of Strait Bargate - the main retailing pitch in Boston. Nearby retailers include Caffé Nero. Costa Coffee, WH Smith, Morrisons Daily and Next.

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground floor with ancillary accommodation arranged on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion.

EPC

EPC - D

Description

The property comprises a shop arranged on the ground floor with ancillary accommodation arranged on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

6 week completion.

EPC

EPC - D

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
97.73
102.29
88.16
(1,052)
(1,101)
(949)
VODAFONE LIMITED (1) 5 years from 21/12/2018 on an FRI lease
£41,850
Total  
288.18
(3,102)
   
£41,850

(1) From the latest accounts published on 31/03/2021 Vodafone Limited recorded a turnover of £5,384,000,000, a pre-tax profit of £179,200,000 and a shareholders funds of £5,932,000,000. (Northrow: 20/06/2022)

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    29.06.22
    File Size
    30 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Keystone Law 48 Chancery Lane
London
WC2A 1JF
Adam Perry +44 (0) 20 3319 3700adam.perry@keystonelaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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