Bruce Mather are pleased to offer this great opportunity to acquire a MIXED USE PROPERTY which currently comprises of a GROUND FLOOR RETAIL AREA TOGETHER WITH A ONE BEDROOM BEDSIT AND A THREE BEDROOM APARTMENT. Situated in an excellent trading position close to the town centre. Call today to view.
Wide Bargate is located in the heart of the town and within a short distance to both the Town Centre and amenities. Boston, on the East Coast, is a historic town with a popular twice weekly market, a Grammar School, a good range of sporting opportunities, including sailing both on the River Witham and out on the Wash. It has easy access to the Marshes so famous for the bird life. Lincoln and Peterborough are both approximately 35 miles away and Skegness is approximately 21 miles. A rail service to Grantham links directly to the East Coast mainline giving good access both to London and the North.
GROUND FLOOR RETAIL
Having part glazed door leading into:-
MAIN RETAIL AREA
With front display window and currently being used as a Hairdressers; arch leading to:-
Having doors arranged off to:-
Measurements: 7'10" x 10'1"
Having two low level WC's and pedestal wash hand basin.
Measurements: 6'2" x 7'2"
Having stainless steel sink with drainer and cupboard under.
SECONDARY RETAIL AREA
Measurements: 13'09" x 20'0"
Having door to Storage Cupboard.
Having part glazed entrance door into the:-
With staircase leading to first floor.
Measurements: 8'4">9'11" x 13'9"
Having built-in cupboard; stainless steel sink and drainer; space for electric cooker; radiator; door to stairs and door to:-
Measurements: 13'5" x 12'10">13'10"
Having two windows to the front elevation; feature fire surround; radiator.
STAIRS & LANDING
With window to the rear elevation.
Having window to the rear elevation; low level WC, bath with shower over, pedestal wash hand basin; built-in cupboard; plumbing for washing machine; extractor; radiator.
Measurements: 11'1" x 12'7">13'10"
Having two windows to the front elevation; radiator; built-in cupboard.
Measurements: 7'0" x 11'10"
Having window to the rear elevation; built-in cupboard; radiator.
Measurements: 12'10" x 11'1"
Having two windows to the front elevation; two built-in wardrobes; radiator.
Having wooden entrance door from Landing into:-
Having boiler and leading to:-
Having bath with shower over, low level WC and wash basin; extractor; cupboard space for washer/dryer.
Measurements: 11'10" x 11'5"
Having window to the side elevation; electric cooker and hob; space for fridge freezer; stainless steel sink with drainer and mixer tap over; radiator; loft hatch.
Measurements: 9'8" x 11'9">14'3"
Having window to the side elevation and radiator.
We understand from the VOA website the current Rateable Value Assessment is £6,400. Interested parties are advised to contact Boston Borough Council to verify the amount of Business Rates payable (Tel: 01205 314413).
The ground floor shop is also let out on a 6 year Lease commencing September 2022 at a rent of £7,800pa, £650pcm.
Flat A - The three bedroom flat has recently been refurbished in March 2022. Our Residential Lettings Manager Damian Wilkinson believes the property would presently achieve in the region of £650pcm on the Rental Market.
Flat B- The tenant is currently paying £495pcm.
Both of the residential apartments have a gas boiler for radiator heating.
The estimated full occupation rental income is £1725pcm, circa £20,700 per annum.
The EPC Rating for No 39 is 'C'
The EPC Rating for Flat A is 'D'
The EPC Rating for Flat B is 'D'
Strictly by appointment with the Letting Agents, Bruce Mather Ltd. Tel: 01205 365032.
Note: All measurements are approximate. The services, fixtures and fittings have not been tested by the Agent.
All properties are offered subject to contract offered subject to not being previously sold or withdrawn; these particulars are issued on the understanding that all negotiations are conducted through Bruce Mather Limited.
Bruce Mather Limited for themselves and for Sellers of this property whose Agent they are give notice that:-
1) the particulars, whilst believed to be accurate, are set out as a general outline for intended buyers and do not constitute nor constitute part of any offer or contract; 2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending Buyers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy; 3) no person in the employment of Bruce Mather Limited has any authority to make or give any representation or warranty whatever in relation to this property.
Both of the flats are currently let out on Assured Shorthold Tenancies.
Flat A - Currently running on a month by month basis at the rental of £550 pcm.
Flat B- Refurbished March 2022. Vacant.
The ground floor shop is also let out on a 6 year Lease commencing 12th September 2016 at a rent of £7,800.