Summary - 38, High Street,Holbeach,SPALDING,PE12 7DY PE12 7DY
1 bed 1 bath Shop
Freehold shop with storage, let to 2029 — neighbouring unit also available.
- Prominent Victorian mid-terrace on Holbeach High Street
- Freehold commercial investment with upper storage floors
- Let from 23/07/2020 to 03/08/2029; rent £5,000 pa
- Rent review noted due 04/08/2024 (see lease details)
- Tenant liable for internal repairs and insurance premium
- EPC rating E; energy improvements likely required
- Small plot size; upper floors compact and storage-focused
- Local crime level above average; verify local risks
A three/four-storey Victorian mid-terrace in Holbeach High Street offered as a freehold commercial investment. The ground floor is currently merged for retail use with first and second floors used for storage, creating straightforward, low-management space above the shop.
The unit is let from 23 July 2020 to 3 August 2029 at an initial rent of £5,000 per annum; a rent review was due 4 August 2024. The tenant is contractually responsible for internal repairs, decoration and repayment of the insurance premium, reducing immediate landlord obligations.
Practical considerations include an EPC rating of E and compact upper-floor accommodation more suited to storage than residential use. The property occupies a prominent High Street position; the neighbouring unit is also for sale if a larger holding is desired. Buyers should note a small plot size and above-average local crime statistics.
This is a straightforward purchase for an investor seeking a town-centre, low-management income stream with short-term reversion potential. Prospective buyers must verify lease details, commissions, services and condition independently before exchange.
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