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Agent's details

Boston - Virtual Freehold Office Investment with Residential Development Potential

For sale: £140,000.00|925 Sq Ft|Office, Offices

Property details

FOR SALE£140,000.00
SIZE925 Sq Ft
ADDRESS16 Wide Bargate, Boston, Lincolnshire, PE21 6SR
TYPEOffice, Offices
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Leasehold
POSTED ON2nd October 2021

Description

Investment Consideration:
Vacant possession
ERV: £9,000 GIY ~ 6.43%
VAT is applicable to this property
Comprises first floor office accommodation
Total area size of 86 sq m (925 sq ft)
Development potential to convert to residential, subject to obtaining the necessary consents.
Nearby occupiers include Santander, Waterstones, Argos and many more.

Property Description:
The property comprises first floor office accommodation accessed from ground floor entrance on Wide Bargate and providing the following accommodation and dimensions:
Office/reception area, conference room, kitchenette and 2 WCs.
Total area size of 86 sq m (925 sq ft)
Development potential to convert to residential, subject to obtaining the necessary consents.

Tenancy:
The entire property is at present vacant. ERV: £9,000 per annum.

Tenure:
To be held on a new 999 Year Lease from completion with ground rent of peppercorn.

Location:
Boston is a port and market town in Lincolnshire, on the east coast of England, about 100 miles north of London, 37 miles north of Peterborough and 35 miles south of Lincoln. It is the largest town of the wider Borough of Boston local government district. The property is situated in a prominent position on Wide Bargate with nearby occupiers including Santander, Waterstones, Argos and many more.

Location

marker
Location: 16 Wide Bargate, Boston, Lincolnshire, PE21 6SR

Boston (0.4 miles)

Hubberts Bridge (3.7 miles)

Swineshead (7.0 miles)

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