Summary - 32-34 Strait Bargate,BOSTON,PE21 6LJ PE21 6LJ
1 bed 1 bath Land
**Standout Features:**
- Prime development site extending to approximately 1.49 acres
- Planning consent for 16 retail units and 15 residential apartments
- Strong rental potential with existing NCP car park generating £70,000 p.a.
- Strategic location in Boston's bustling retail zone
- Nearby established brands including Next, New Look, and Costa Coffee
- Close to Boston’s historic Market Place, attracting shoppers and tourists
**Key Considerations:**
- Existing properties require refurbishment and renovation
- The site is subject to some constraints due to listed building status at 4 Wide Bargate
- The current area shows high crime levels and socioeconomic deprivation
This prime development opportunity located in the heart of Boston offers the chance to invest in a rapidly growing market town with a projected population of around 68,000. Set against a backdrop of vibrant retail activity, the proposed project aims to transform the site into a hub of commercial and residential activity, blending modern living with lively urban retail spaces.
The asset currently includes three retail units totaling over 365sqm, producing significant rental yields from existing short-term leases while allowing new owners to capitalize on the future potential. Given the existing conditions and necessary refurbishments, this offering presents an excellent chance for developers aiming to tailor the space to modern aesthetics and community needs.
The flourishing market scene, alongside easy access to a wide array of amenities, positions this property as a superb investment opportunity. With strong commercial visibility and foot traffic, potential buyers should act quickly to secure this advantageous location and capitalize on a thriving market town's growth.
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