A substantial three storey double fronted retail premises that overlooks Market Place.
The property has recently undergone substantial refurbishment ready for an ingoing tenants’ fit-out.
The property is situated in a prominent location on Market Place, Boston. £2,000,000 (two million pounds) has been spent by Boston Borough Council on a scheme of improvements to Market Place which have considerably upgraded the environment in the surrounding area for shoppers as well as providing an improved transport hub for visitors using public transport into and out of the town.
Boston is a growing East Lincolnshire Market Town providing the main retail and commercial facilities for both the town residents and surrounding extensive agricultural based catchment. It has a residential population of circa 60,000 and a catchment population of approximately 68,000. The town is located about 35 miles south east of Lincoln and 33 miles north east of Peterborough.
TOWN AND COUNTRY PLANNING
The current use of the property falls within Class A1 (Retail) of the Town and County Use Classes Order 1987 (as amended).
In our view the property would be suitable for a variety of alternative uses such as a bar or restaurant, subject to securing the necessary planning permission.
The property is available on a new FRI lease for a term of years to be agreed.
VAT may be charged in addition to the rental at the prevailing rate.
The ingoing tenant will be responsible for the landlord’s reasonable legal costs in connection with the new letting.