8 Market Place Boston Lincolnshire PE21 6EH

  • 8 Market Place<br>Boston<br>Lincolnshire<br>PE21 6EH

8 Market Place
Boston
Lincolnshire
PE21 6EH

Freehold Retail Investment

  • Prominent town centre location in affluent Lincolnshire market town
  • Let to Boots Opticians
  • Trading as an opticians for at least 30 years
  • Neighbouring occupiers include Marks & Spencer, H Samuel, KFC, NatWest, Barclays and Lloyds banks
  • Lot
    52
  • Auction
    11th July 2018
  • Rent
    £39,430 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Wesleyan
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Freehold Retail Investment

  • Prominent town centre location in affluent Lincolnshire market town
  • Let to Boots Opticians
  • Trading as an opticians for at least 30 years
  • Neighbouring occupiers include Marks & Spencer, H Samuel, KFC, NatWest, Barclays and Lloyds banks
  • Lot 52
  • Auction 11th July 2018
  • Rent £39,430 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Wesleyan

Property Information

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

The property is prominently situated adjacent to Marks & Spencer, on the east side of Market Place in the heart of Boston town centre. Other neighbouring occupiers include H Samuel, KFC, NatWest, Barclays and Lloyds banks. Market Place provides car parking for approximately 120 cars and Boston Market is held twice a week.

Tenure

Freehold.

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

The property is prominently situated adjacent to Marks & Spencer, on the east side of Market Place in the heart of Boston town centre. Other neighbouring occupiers include H Samuel, KFC, NatWest, Barclays and Lloyds banks. Market Place provides car parking for approximately 120 cars and Boston Market is held twice a week.

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and ancillary accommodation on the first and second floors.

VAT

VAT is 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 retail accommodation on the ground floor and ancillary accommodation on the first and second floors.

VAT

VAT is 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 Reversion
Ground
First
Second		 Retail
Ancillary
Ancillary
88.92 sq m
76.9 sq m
84.3 sq m
(957 sq ft)
(827 sq ft)
(907 sq ft)
 BOOTS OPTICIANS
PROFESSIONAL
SERVICES
LIMITED (1)		 10 years from
23/10/2012 on a full
repairing and
insuring lease		 £39,430 22/10/2022
Total
250.12 sq m
(2,691 sq ft)
     £39,430  

(1) For the year ending 31st August 2016, Boots Opticians Professsonal Services Limited reported a turnover of £278,106,000, pre-tax profits of £21,073,000 and a total net worth of £72,306,000 (Source: Experian Group 06/04/2018).

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Coley & Tilley Solicitors Neville House, 14 Waterloo Street
Birmingham
B2 5UF
Neil Holden 01216 435 531nh@coleyandtilley.co.uk

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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