To LetTown Centre Retail Premises

2, Strait Bargate, Boston, Lincolnshire, PE21 6LR

Description

Prominent two storey retail premises overlooking the Market Place/Strait Bargate, providing ground floor sales with first floor storage and ancillary staff facilities.

LOCATION

The property occupies a prime position at the intersection of Strait Bargate and Market Place, Boston. Nearby occupiers include Ramsdens, Caffè Nero, H Samuels, Three Mobile, HSBC and NatWest Bank.

£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 an improved transport hub for visitors using public transport into and out of the town.

Boston is an 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 approximately 35 miles south east of Lincoln and 33 miles north east of Peterborough.

SERVICES

We understand that mains supplies are available and connected to the property. These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.

TOWN AND COUNTRY PLANNING

We understand that the property has consent for uses falling within Class E (Commercial, Business and Services Uses) of the Town and Country Planning (Use Classes) Order 1987 (as amended).

Following changes to the Use Classes Order that came into effect on 1st September 2020, Class E now encompasses a number of uses including A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Café), B1 (Business) and D2 (Assembly & Leisure).

RATES

Charging Authority:  Boston Borough Council
Description:  Shop and premises
Rateable value:  £76,500
UBR:  0.512
Period:  2020-2021

Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.

TENURE

The property is available To Let on a new Full Repairing and Insuring lease for a term of years to be agreed.

VAT

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

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred in documenting the transaction.