Comprises a series of Warehouse, Storage and Office Buildings
Total Floor Area of approx. 7,255 sq m (78,091 sq ft)
Site Area of 4.15 Ha (10.3 Acres)
Immediate asset management opportunities
Major land holding suitable for future development potential (subject to consents)
Lot 12
Auction 17th September 2026
Rent £250,385 per Annum Exclusive (4)
Status Available
Guide* £1,750,000
Sector Office, Business Park, Warehouse
Auction Venue Live Streamed Auction
On Behalf of Receivers
Property Information
Location
Miles
18 miles north of Peterborough, 14 miles south of Boston, 34 miles east of Stamford, 53 miles north of Cambridge
Roads
A16, A151, A17
Rail
Spalding Railway Station
Air
East Midlands Airport, London Stansted Airport
Situation
Spalding is an established Lincolnshire market town benefiting from good road communications, with the A16 and A151 readily accessible. The property is prominently situated within Tate Business Park on the north side of Pode Hole off Dozens Bank (A151), within a well established commercial and industrial location, approximately 1.5 miles north of the town centre. Nearby occupiers include a range of local distribution, manufacturing and trade counter businesses.
Tenure
Freehold. The sale also includes the Leasehold Title LL427650.
Location
Miles
18 miles north of Peterborough, 14 miles south of Boston, 34 miles east of Stamford, 53 miles north of Cambridge
Roads
A16, A151, A17
Rail
Spalding Railway Station
Air
East Midlands Airport, London Stansted Airport
Situation
Spalding is an established Lincolnshire market town benefiting from good road communications, with the A16 and A151 readily accessible. The property is prominently situated within Tate Business Park on the north side of Pode Hole off Dozens Bank (A151), within a well established commercial and industrial location, approximately 1.5 miles north of the town centre. Nearby occupiers include a range of local distribution, manufacturing and trade counter businesses.
Tenure
Freehold. The sale also includes the Leasehold Title LL427650.
Description
The property comprises a substantial Business Park with a site area of 4.15 Ha (10.30 Acres) upon which sit an office building, a series of warehouse units and industrial cold storage buildings extending to a total approximate floor area of 7,255 sq m (78,091 sq ft).
The site may also be suitable for future development with a variety of alternative uses, subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
Note
The property is being marketed for sale on behalf of LPA Receivers and therefore no warranties, representations or guarantees are given or will be given by the Receivers or the Auctioneers in respect of the information in these particulars or any matter relating to the property, including VAT. Any information provided is provided without liability on the part of the Receivers and Auctioneers for any reliance placed on it. The Receivers are acting without personal liability and are not bound to accept the highest or any offer.
The property is being sold subject to the existing occupation interests and will not be sold with vacant possession. Please see the legal pack for further details.
EPC
Band B and C.
Description
The property comprises a substantial Business Park with a site area of 4.15 Ha (10.30 Acres) upon which sit an office building, a series of warehouse units and industrial cold storage buildings extending to a total approximate floor area of 7,255 sq m (78,091 sq ft).
The site may also be suitable for future development with a variety of alternative uses, subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
Note
The property is being marketed for sale on behalf of LPA Receivers and therefore no warranties, representations or guarantees are given or will be given by the Receivers or the Auctioneers in respect of the information in these particulars or any matter relating to the property, including VAT. Any information provided is provided without liability on the part of the Receivers and Auctioneers for any reliance placed on it. The Receivers are acting without personal liability and are not bound to accept the highest or any offer.
The property is being sold subject to the existing occupation interests and will not be sold with vacant possession. Please see the legal pack for further details.
EPC
Band B and C.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Unit 1
Ground/First
Workshop/Office
762.00
(8,202)
HILLS RETAIL STORES LIMITED (t/a Elderkin Autos)
3 years from 17/01/2024 (1)
£24,000
Office 1 (Unit 2A, Unit 3)
Ground/First
Workshop/Office
1,117.00
(12,023)
M. PARKER & SONS LIMITED (4) (5)
10 years from 17/05/2019
£37,500
Unit 2B
Ground/First
Workshop/Office
196.00
(2,109)
VACANT
Unit 4, Office 2
Ground/First
Warehouse/Ancillary
1,240.00
(13,347)
FRECKLEFACE HOME FRAGRANCE LTD
10 years from 01/03/2022 (2)
£60,000
Unit 5
Ground/First
Workshop/Office
864.00
(9,300)
MRN SPALDING LTD
3 years from 01/06/2021 (Holding Over)
£23,885
Unit 6
Ground/First
Workshop/Office
819.00
(8,816)
RAFA & CO LIMITED (CRN: 07645435)
1 year from 01/04/2026 (3)
£25,000
Cold Store 1 Cold Store 2
Ground/First
Food Storage
1,862.00
(20,042)
WILLOW TREE POTATOES LIMITED
6 years from 01/10/2025
£80,000
Garage
Ground
Ancillary
395.00
(4,252)
M.PARKER & SONS LIMITED (4)
-
-
Total
7,255.00
(78,091)
£250,385
N.B. The floor areas stated above are those provided by M. Parker and Sons. (1) The lease provides for a mutual option to determine subject to 6 months' written notice. (2) The lease provides for a mutual option to determine on 01/03/2029 subject to 6 months' written notice. (3) There is a mutual option to determine the lease at any time subject to 20 working days written notice. (4) M. Parker and Sons Limited is in receivership. (5) Part Ground Floor Office 1 and Unit 3 together with parking has been sublet by The Trustees of the M Parker No 1 Pension Scheme to L&G Haulage Ltd for a term of 5 years from 01/01/2026 at a rent of £49,400.04 per annum. Unit 2A has been sublet on a 1 year licence to Luke Aron Garage Services at an income of £12,000 per annum, the licence provides for a mutual option to determine upon serving 60 working days notice.
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.
