To LetPRIME RETAIL UNIT

Unit 12, Pescod Square, Boston, PE21 6QX

Description

A modern mid-terrace retail unit arranged over ground and first floors.

Location

The property is situated in a prominent location within the Pescod Square Shopping Mall, Boston.

Nearby retailers include Marks and Spencer, Waterstones, Next, O2, Superdrug and Poundland.

The Mall sits within the prime shopping area of the town centre on Bargate and Market Place.

The centre provides 400 parking spaces for visitors.

Boston is an affluent 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 resident population of circa 60,000 and a catchment population of approximately 125,000. It is also one of the largest inland ports on the East Coast handling over 1.5 million tonnes of cargo per annum.

The town is located approximately 37 miles north east of Peterborough and 35 miles south east of Lincoln.

TOWN AND COUNTRY PLANNING

The current use of the property falls within Class A1 (Retail) of the Town and Country Use Classes Order 1987 (as amended).

The property is not Listed and nor is it located within a Conservation Area.

TENURE

The property is available by way of the assignment of an existing 10 year lease expiring on 16 November 2018.

The lease is drawn on the equivalent of Full Repairing and Insuring terms by way of the payment of the Service Charge to cover external repairs and maintenance of the common areas.

SERVICE CHARGE

The current annual service charge is £9,561 per annum exclusive.

VAT

VAT may be charged in addition to the rental at the prevailing rate.

LEGAL COSTS

The ingoing tenant will be responsible for the landlords and tenant’s reasonable legal costs in connection with the transaction.