59 market place, boston, pe21 6ls - banks long...59 market place, boston, pe21 6ls occupying a prime...
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59 MARKET PLACE, BOSTON, PE21 6LS
Occupying a Prime Retail Pitch
65.9sqm(710sqft)NIAgroundfloorsalesareawithancillaryfirst,secondandthirdfloors
Prominent position at intersection of Strait Bargate and Market Place
AdjacentM&S,CarphoneWarehouse,DorothyPerkins,ThorntonsandH Samuels
Rent:£31,000perannumexclusive
TO LET
LOCATION
The property occupies a prime pitch at theintersection of Strait Bargate and Market Place,Boston. The property is located opposite Marks& Spencer with other nearby occupiers to include CarphoneWarehouse,DorothyPerkins,HSamuel,HSBC,NatWestBankandCafféNero.
£2,000,000 (two million pounds) has beenspent by Boston Borough Council on a schemeof improvements to Market Place which haveconsiderably upgraded the environment in thesurroundingareaforshoppersaswellasprovidingan improved transporthub for visitorsusingpublictransport into and out of the town.
Boston is an East Lincolnshire market town providingthemainretailandcommercialfacilitiesforboth the townresidentsandsurroundingextensiveagricultural based catchment.
Ithasaresidentialpopulationofcirca60,000andacatchmentpopulationofapproximately68,000.Thetown is locatedapproximately 35miles southeastof Lincoln and 33 miles north east of Peterborough.
PROPERT Y
59 Market Place is a prominent three storey retail premisesoverlookingtheMarketPlace.
ACCOMMODATION
Having measured the property in accordancewith the prevailing RICS property measurementguidance, we calculate that the property has thefollowingfloorareas:
Ground Floor Sales 65.96 sq m (710 sq ft)
FirstFloor 30.84sqm (332sqft)
SecondFloor 16.54sqm (178sqft)
ThirdFloor 25.73sqm (277sqft)
Total NIA/GIA: 139.07 sq m (1,497 sq ft)
SERVICES
Water, drainage and electricity are available andconnected to the property. These have not beeninspected and we would encourage interested partiestomaketheirownenquirieswiththerelevantserviceproviders.
TOWN AND COUNTRY PLANNING
ThecurrentuseofthepropertyfallswithinClassA1(Retail)of theTown&CountryUseClassesOrder1987(AsAmended).
RATES
Charging Authority:BostonBoroughCouncil Description: Retail Rateable value: £29,750 UBR: 0.504 Period: 2019-2020
MultiplyingtheRateableValuefigurewiththeUBRmultipliergivestheannualratespayable,excludingany transitional arrangements which may be applicable. For further information, please contacttheChargingAuthority.
TENURE
Theproperty isavailableonanewFRI leaseforaminimum term of 10 years.
RENT
£31,000 per annum exclusive
VAT
VATmaybechargedinadditiontotherentalattheprevailingrate.
LEGAL COSTS
The ingoing tenant will be responsible for theLandlord’s reasonable legal costs in connection with the new letting.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require estate agents and solicitors to formally identify parties to a transaction. Interested parties will therefore be required to provide proof of identity and address, normally a photocard driving licence or passport and recent utility bill. BANKS LONG & CO for themselves and for the vendors or lessors of this property whose agents they give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part of an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of BANKS LONG & CO has any authority to make or give any representation or warranty whatever in relation to this property.
VIEWING: Toviewthepremisesand for any additional information please contact the sole agents.
Contact: LewisCove T : 01522544515 E :[email protected] Ref.8119/2018/19D
50 metres
Boston
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Experian Goad Plan Created: 14/12/2017Created By: Banks Long
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