Available
Boston – Vacant Office with Residential Development Potential
16 Wide Bargate, Boston, Lincolnshire PE21 6SRVirtual Freehold Office Investment with Redevelopment Potential
Investment Consideration
- Vacant possession
- ERV: £9,000 GIY ~ 6.43%
- VAT is applicable to this property
- Comprises first floor office accommodation
- Total area size of 86 sq m (925 sq ft)
- Development potential to convert to residential, subject to obtaining the necessary consents.
- Nearby occupiers include Santander, Waterstones, Argos and many more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
The property comprises first floor office accommodation accessed from ground floor entrance on Wide Bargate and providing the following accommodation and dimensions:
Office/reception area, conference room, kitchenette and 2 WCs.
Total area size of 86 sq m (925 sq ft)
Development potential to convert to residential, subject to obtaining the necessary consents.
Office/reception area, conference room, kitchenette and 2 WCs.
Total area size of 86 sq m (925 sq ft)
Development potential to convert to residential, subject to obtaining the necessary consents.
Tenancy Description
The entire property is at present vacant. ERV: £9,000 per annum.
Tenure:
To be held on a new 999 Year Lease from completion with ground rent of peppercorn.
Tenure:
To be held on a new 999 Year Lease from completion with ground rent of peppercorn.
Location Description
Boston is a port and market town in Lincolnshire, on the east coast of England, about 100 miles north of London, 37 miles north of Peterborough and 35 miles south of Lincoln. It is the largest town of the wider Borough of Boston local government district. The property is situated in a prominent position on Wide Bargate with nearby occupiers including Santander, Waterstones, Argos and many more.