historic town centre freehold property currently producing ......historic town centre freehold...
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Historic Town Centre Freehold Property Currently Producing £30,540 per annum in Three Leases Part Vacant with ERV IRO £45,000 per annum Shodfriars Hall |Boston | Lincolnshire|PE21 6HB
2 Retail Units, Ground Floor Nightclub and 1st/2nd Floor Former Snooker Club
For Sale Freehold, Subject to the Existing Tenancies £375,000 plus VAT Subject to Contract
Location...Location...Location...Location... Boston is a bustling market town with a range of local amenities located on the South, Lincolnshire Fens, approximately 35 miles to the north-west of Peterborough and 110 miles to the north of London. Boston is predicted to be one of the fastest growing towns in the East Midland Region. Current estimates predict the population to be in the region of 68,000 residents. Boston is a sub regional shopping centre with approximately 100,000m² of retail shopping floor space. The town has an estimated primary retail catchment area of 77,000 shoppers, when combined with the secondary area this increases to 235,000 shoppers. The property is prominently situated in an established retail parade and main pedestrian and vehicular conduit, from the Market Place. Nearby properties include Boots the Chemist, local retailers, butchers, a public house, as well as a restaurant and offices. The twice weekly historic Boston Market attracts shoppers and tourists to the town.
Accommodation...Accommodation...Accommodation...Accommodation... Ground Floor Shop Ground Floor Shop Ground Floor Shop Ground Floor Shop –––– 2 South Street2 South Street2 South Street2 South Street –––– Diamond VapoursDiamond VapoursDiamond VapoursDiamond Vapours Sales Area having return frontage onto Sibsey Lane being 4.1m (net) x 4.5 m, 13’5 x 15ft featuring laminated timber effect flooring, exposed timber structural members, rear sink unit, fireplace (listed). To the rear of the unit is a doorway leading to a communal area with shared WCs off. Ground Floor Shop Ground Floor Shop Ground Floor Shop Ground Floor Shop –––– 4 South Street4 South Street4 South Street4 South Street –––– Loveshack KenyaLoveshack KenyaLoveshack KenyaLoveshack Kenya Sales Area having frontage to South Street, 35m². Pirana HousePirana HousePirana HousePirana House NightclubNightclubNightclubNightclub Access is at the rear of the building off Sibsey Lane. A Recessed double door Entrance into the: Reception Area 6.2m x 3m (20’ x 9’8”) with coat storage area, walk-in cleaning cupboard, reception desk and door off to: Men’s WC’s having stainless steel urinals, 2 WCs, 2 sinks Steps up to: Ladies WCs, having 6 WCs, 3 sinks Main Club Area 19m x 11m (62’ x 36’) 206m² (2,215ft²) approximately overall, featuring 24 fitted alcove seats Bar Area (bar removed) Raised DJ Area Raised Stage Area Doorway to Cellar, being full height and full building depth A staircase leads to from the reception area to the First Floor rooms having: Kitchen 2.2m x 3.3m (7’8” x 10’9”), having modern fitted kitchen, stainless steel sink with drainer, central heating boiler Living Room/Office 4.1m. x 3.3m (13’4” x 10’8”) Bedroom/Office 3m x 3.6m (9’8” x 11’8”) having partitioned WC Walk-in cupboard
Upper FloorsUpper FloorsUpper FloorsUpper Floors –––– Vacant Vacant Vacant Vacant –––– Requiring RenovationRequiring RenovationRequiring RenovationRequiring Renovation Centre front pedestrian entrance from South Street, leading to shared Ladies & Gents WCs Stairway leading to First Floor: Foyer/Bar/Kitchen Area 10.4m x 8.6m overall 89m² comprising Fitted Bar, Rear Bar Area, Ancillary Accommodation, Kitchen 3.7m x 2.7m, Store Main Room (Rear) - formerly used as a Snooker Room 15m x 10.4m 156m² with a ceiling height of 11.5m to the bottom of the lantern extension Enclosed raised area previously used as a Stage 10.1m x 5.1m 55m² Second Floor Room (Rear) 10.1m x 6.5m with balconies overlooking the suspended ceiling. Room 1 (Front) 9.4m x 5.8m 55m² featuring river views, exposed structural timbers, ornate dark oak carved fireplace and ancillary area. Room 2 (Front) 6.4m x 5.2m 33.8m² with river views. A period return staircase leads to the second floor where there is a spacious landing and ancillary area. Room 3 (Front) 9.8m x 6.2m 61m². This room contains an unusable rectangular viewing area over room 1 measuring 5.1m x 3.7m and also features exposed ceiling beams creating a double height space. Room 4 (Front) 6.8m x 5.9m 40.6m² with double height space with storage cupboard
ScScScSchhhhedule...edule...edule...edule... Unit Tenant Unit Size
(Sq ft) Lease Expiry Date
Term Annual Rent (per annum)
2 South Street
Mr B McMillan t/a Diamond Vapours
204 10th January 2016
1yr £5,400
4 South Street
Love Shack Kenya t/a Charity
376 1st October 2015
1yr £8,640
Ground Floor Nightclub
Pirana House
3,014 1st October 2023
£16,500
Upper Floors Vacant 6,092
Total £30,540
Viewing...Viewing...Viewing...Viewing... Strictly by appointment through the agent. Poyntons Consultancy 24, 26, 28, South Street, Boston, Lincolnshire PE21 6HT Tel 01205 361694 | Fax 01205 760218 email: sales@poyntons.com | poyntons.com
MisrepresentatioMisrepresentatioMisrepresentatioMisrepresentation Act:n Act:n Act:n Act: The particulars in this brochure have been produced in good faith, are set out as a general guide and do not constitute the whole or part of any contract. All liability, in negligence or otherwise, arising from the use of the particulars is hereby excluded. Money Laundering Regulations: Money Laundering Regulations: Money Laundering Regulations: Money Laundering Regulations: Prospective purchasers will be asked to produce identification at a later stage.
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