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Prime Roadside Development Site

For sale: £750,000.00|1.35 Acres|Land, Commercial Land

Property details

FOR SALE£750,000.00
SIZE1.35 Acres
ADDRESSFydell Street, Boston, Lincolnshire, PE21 8LE
TYPELand, Commercial Land
TENUREFor Sale Freehold
POSTED ON15th December 2021

Description

DESCRIPTION
The property benefits from a prominent roadside location with an extensive frontage onto the A1137 Fydell Street. Boston town centre is situated approximately 1⁄4 mile to the north west. Asda and the railway station are situated immediately to the rear of the site. The cleared site is flat and extends to 0.55 hectares (1.35 acres) with vehicular access off Fydell Street. The site includes a self-contained single storey Victorian building of approximately 418 sq m (4,500 sq ft) GIA. The building was previously used as office accommodation by National Grid.

LOCATION
Boston is a large Lincolnshire market town, located approximately 35 miles south east of Lincoln and 33 miles north east of Peterborough. The main roads serving the town are the A16 and A52. Boston train station provides rail services to Grantham and Nottingham, with a fastest journey time to London, Kings Cross of just under 2 hours.

The town centre provides a wide range of services and facilities for the local residents and the surrounding catchment area. Boston has a resident population of circa 60,000 and a catchment population of over 120,000. The immediate area is mixed use in character with a range of residential and commercial uses in close proximity to the property including the railway station, Asda, Aldi, Currys PC World, Halfords, Pets at Home and McDonald’s.

SERVICES
All mains services including gas, water, drainage and electricity are available in vicinity to the site. The exact location and capacity of these have not been confirmed. Interested parties should make their own enquiries with the relevant service providers.

TOWN & COUNTY PLANNING
The most recent use of the site was B2 (General Industrial). Following previous pre-application planning advice from the Local Planning Authority, the owners have received positive feedback in principle on securing planning consent for a wide range of alternative uses formally known as A1 (Retail), A3/5 (Restaurants), C3 (Residential), C2 (Residential Care) and B8 (Trade Uses), but with the majority of these now classified as Class E (Commercial, Business and Service Uses). The pre-application advice also acknowledged any future proposal may include demolition of the existing buildings. The site is not located in a Conservation Area. The existing building is considered suitable for a number of commercial uses and there is potential to convert the building for residential uses, including for a HMO (Class C4), subject to planning. All interested parties are advised to make their own enquiries with the Local Planning Authority.

TENURE
The property is available freehold with vacant possession. The existing building is being marketed separately, therefore the owners may consider a split sale or a sale of the entire site.

ENVIROMENTAL CONSIDERATIONS
Please note the site was formerly owned and used by Cadent and has been chemically remediated to the point where it is deemed to be suitable for use as open storage. Redevelopment of the site to commercial uses or for high density residential, where provision of gardens and open space is minimised, are considered the most appropriate forms of future alternative uses. Further information available on request.

METHOD OF SALE
The property is being offered For Sale by way of a private treaty.

VAT
VAT may be charged in addition to the rent at the prevailing rate.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.

Location

marker
Location: Fydell Street, Boston, Lincolnshire, PE21 8LE

Boston (0.2 miles)

Hubberts Bridge (3.3 miles)

Swineshead (6.6 miles)

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