9 Strait Bargate Boston Lincolnshire PE21 6EE

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

9 Strait Bargate
Boston
Lincolnshire
PE21 6EE

Freehold Retail Investment

  • Let to Coopland & Son (Scarborough) Limited (Lease Renewal)
  • New 5 year lease from June 2017
  • Rebased rent (previous rent £35,000 p.a.x.)
  • Nearby occupiers include Marks & Spencer, Boots the Chemist, Argos, WH Smith and adjacent to Oldrids Department Store
  • VAT-free Investment
  • Lot
    42
  • Auction
    19th October 2017
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £366,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Let to Coopland & Son (Scarborough) Limited (Lease Renewal)
  • New 5 year lease from June 2017
  • Rebased rent (previous rent £35,000 p.a.x.)
  • Nearby occupiers include Marks & Spencer, Boots the Chemist, Argos, WH Smith and adjacent to Oldrids Department Store
  • VAT-free Investment
  • Lot 42
  • Auction 19th October 2017
  • Rent £25,000 per Annum Exclusive
  • Status Sold
  • Price £366,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
34 miles south-east of Lincoln, 47 miles east of Nottingham
Roads
A16, A52
Rail
Boston Railway Station
Air
East Midlands Airport
Situation

The property is situated in an excellent trading location on the southern side of Strait Bargate, the prime retailing pitch in Boston town centre. Pescod Square Shopping Centre, housing retailers such as Costa, Next, Waterstones and Wilko, is located close by with other neighbouring occupiers including Marks & Spencer, New Look, WH Smith, Argos, Poundstretcher and branches of Nationwide, Lloyds and Halifax banks.

Tenure

Freehold.

Location
Miles
34 miles south-east of Lincoln, 47 miles east of Nottingham
Roads
A16, A52
Rail
Boston Railway Station
Air
East Midlands Airport
Situation

The property is situated in an excellent trading location on the southern side of Strait Bargate, the prime retailing pitch in Boston town centre. Pescod Square Shopping Centre, housing retailers such as Costa, Next, Waterstones and Wilko, is located close by with other neighbouring occupiers including Marks & Spencer, New Look, WH Smith, Argos, Poundstretcher and branches of Nationwide, Lloyds and Halifax banks.

Tenure

Freehold.

Description

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

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x
Ground
First
Second
Third		 Retail
Ancillary
Ancillary
Ancillary
76.46 sq m
55.37 sq m
56.21 sq m
48.70 sq m
(823 sq ft)
(596 sq ft)
(605 sq ft)
(524 sq ft)
 COOPLAND & SON
(SCARBOROUGH)
LIMITED (1)
t/a Cooplands
Bakery		 5 years from 11/06/2017
on a full repairing and
insuring lease		 £25,000
Totals
236.74 sq m
(2,548 sq ft)
     £25,000

(1) For the year ending 31st March 2016, Coopland & Son (Scarborough) Limited reported a turnover of £42,109,517, pre-tax profits of £1,734,794 and a total net worth of £12,178,819 (Source: Experian Group 20/07/2017). Founded in 1885, Cooplands are now one of the country's leading bakers with over 140 branches in the Yorkshire, Humberside, Lincolnshire and Teesside areas (Source: www.cooplands-bakery.co.uk 20/07/2017).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Symes Bains Broomer 2 Park Square, Laneham Street
Scunthorpe
North Lincolnshire
DN15 6JH
Helen Barton 01724 281 616helen.barton@sbblaw.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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