Prominent town centre location in important Lincolnshire market town
Let to Boots Opticians
Trading as an opticians for at least 30 years
Neighbouring occupiers include H Samuel, KFC, NatWest, Barclays and Lloyds banks
Lot 33
Auction 12th February 2020
Rent £39,430 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
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 located 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 located 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.
EPC
See legal pack at www.acuitus.co.uk
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.
EPC
See legal pack at www.acuitus.co.uk
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 2018, Boots Opticians Professsonal Services Limited reported a turnover of £388,826,000, pre-tax profits of £16,575,000 and a total net worth of £82,713,000 (Source: Experian Group 13/01/2020).
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.
