Summary - 17b Wide Bargate,BOSTON,PE21 6SR PE21 6SR
1 bed 1 bath Flat
Strong immediate income with first-floor development potential.
Freehold two-storey town centre commercial building
A two-storey freehold commercial property in Boston city centre offering a strong current income and short-term upside. The ground-floor unit produces £22,500 per year, equating to a 13.23% yield at the guide price. The first floor is vacant and could be developed or re-let subject to planning and building regulations (STPP).
This lot is offered at online auction on 29 October 2025 and will be sold unconditionally. The sale requires a 10% deposit on exchange (minimum £5,000) plus a buyers administration fee and completion within 28 days; bidders should review the legal pack for full terms and any additional fees.
Important practical risks: the lease associated with the income expires in October 2028, leaving roughly three years remaining. That short effective lease term is likely to deter mainstream mortgage lenders and will limit finance options; purchasers should plan for a cash or specialist funding route. The property sits in a deprived area with very high local crime rates, which can affect tenant demand and rental growth but is counterbalanced by strong town-centre footfall and wide local amenities.
This is principally an investor or developer opportunity: immediate yield from the ground floor, plus potential to add value by refurbishing or developing the vacant first floor (STPP). Check the legal pack and planning history before bidding, and factor in refurbishment costs and any permissions required.
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