Auction House / Lincolnshire
  • For Sale By Unconditional Online Auction
  • Guide Price* : £200,000
  • Auction Ended 15/10/2020
  • Lot 6

36 Red Lion Street, Boston, Lincolnshire, PE21 6PZ

FOR SALE BY UNCONDITIONAL ONLINE AUCTION (IMMEDIATE EXCHANGE)
Bidding opens on Tuesday 13th October 2020 and closes on Thursday 15th October 2020.


Description

FOR SALE BY UNCONDITIONAL ONLINE AUCTION (IMMEDIATE EXCHANGE)
Bidding opens on Tuesday 13th October 2020 and closes on Thursday 15th October 2020.

Grade II Listed Mixed Investment Property Freehold Comprising Retail Shop with 4 Self Contained Studio Apartments

Substantial Town Centre Property Extending to 250sqm, 2,691sqft on 3 Floors

Location:
The market town of Boston has a population of over 68,000 residents, a twice weekly market, active port, large hospital, good range of retail and sports facilities.
Located approximately 115 miles to the north of London, 45 miles to the east of Nottingham and 35 miles to the west of Kings Lynn.
The town has good rail links to London Kings Cross via Grantham/Nottingham.
The property is located on the corner of Wormgate and Red Lion Street, which is a residential and commercial mixed area in the historic core of Boston.


Accommodation

Ground Floor Retail Unit:
Let as a European Supermarket
Front Sales Area: 4.4m x 9.2m (14ft5 x 30ft2)
Middle Store: 2.9m x 1m (9ft6 x 3ft3)
Rear Sales Area: 4.3m x 3.8m (14ft1 x 12ft6)
Break Out Area: 4.5m x 3.3m (14ft9 x 10ft10)
Rear Hall
Rear Store: 4.2m x 2.4m (13ft9 x 7ft19)
Rear WC/Shower
A separate side coded entrance door leads to a communal bin store area.
A steel staircase leads up to the First Floor
Landing

Studio Apartment A:
Bedsitting Room: 5.4m x 3.2m max (17ft9 x 10ft6)
Hall
Walk-in Storage Cupboard
Modern Bathroom
Having bath, pedestal hand basin, low level WC, fully tiled.
Modern Kitchen: 3m x 2.2m (9ft10 x 7ft3)
Having a modern range of units comprising 4 door high level cupboards over round edged work surfaces with stainless steel sink, inset hob and cooker, electric storage heater, strip lights.
Gross Internal Floor Area Unit estimated 31sqm.


Studio Apartment B:

Bedsitting Room: 4.6m x 3.4m (15ft1 x 11ft2)
Having full height 4 door cupboard.
Modern Kitchen: 4.7m x 2.3m (15ft5 x 7ft7)
Having 4 door height double cupboards extending over round edged work surfaces with stainless steel hob with 4 door cupboards under.
Hallway off with full height airing cupboard
Having pre insulated copper water cylinder with immersion heating.
Modern Bathroom
Tiled, having bath with shower over, pedestal hand basin, WC.
Gross Internal Floor Area estimated 40sqm, 423sqft.
Stairs leads to the 2nd Floor where there are 2 similar Studio Apartments C and D which are unmeasured.


Tenancy Schedule

Please see legal pack for full Tenancy Schedule


Outgoings

Each letting unit has an individual electric supply and electric meter and the shop has a Rateable Value of £6,000. The residential units are each Council Tax Band A.

Additional Fees
Administration Charge: £1200.00
Buyers Premium: 1.2% inc VAT of the purchase price payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

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* Guide | £200,000
  • Mixed Use
  • 4 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 01427 616436 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.