Summary - Market Place, Boston, PE21 PE21 6LS
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime retail investment opportunity in the heart of Boston Market Place
- Grade II listed, three-storey Victorian building with large windows and high ceilings
- Fully let on a 10-year lease with a current rent of £18,000 per annum
- Total area of 1858 sqft with potential for various uses (subject to planning consents)
- Adjacent to major retailers, ensuring high foot traffic
**Notable Concerns:**
- Mortgage lenders may be reluctant to finance due to the shorter lease term
- Potentially difficult renovation or extension due to listed status
- Crime rates in the local area are notably high
Nestled in the bustling Market Place of Boston, this expansive Grade II listed retail property presents a unique investment opportunity. Currently under a secure 10-year lease, this property enjoys a strategic position near popular retailers like Poundland, Dorothy Perkins, and Boots, ensuring a steady flow of customers. With its charming Victorian architecture featuring large shopfront windows and high ceilings, the building has a distinctive character that can be leveraged to attract diverse businesses.
However, potential buyers should note that financing may be challenging due to the current lease term, and any renovation plans must consider its listed status. While the local crime rate is a point of concern, the property offers a promising rental yield and the possibility for growth through diversification of use with the necessary planning permissions. Don’t miss this chance to own a significant piece of retail space in a prime location, perfect for investors seeking a high-traffic commercial setting!
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