Summary - Parkinson Harness Technology Ltd,Marsh Lane,Riverside Industrial Estate,Boston,PE21 7FP PE21 7FP
1 bed 1 bath Industrial Development
Prime Boston site with immediate income and major expansion potential for trade counter units.
Part-let modern steel warehouses, 29,000 sqft total
Rear development land 3.6 acres; Local Plan allocated
Passing rent £85,000 pa; ERV £160,000 pa (excludes land)
C F Parkinson vacating end Q1 2025; some near-term vacancy
Sketch scheme for 3,810 sqm (41,000 sqft) trade units shown
Suitable for over 60,000 sqft of trade counter development
Freehold sale subject to existing occupational lease
Requires capital and planning to realise development income
A substantial industrial investment and development site in Marsh Lane, Boston, offering immediate income and clear expansion potential. Two modern steel-framed warehouse units (29,000 sqft) sit at the front of an approximately 5.7-acre site, with 3.6 acres of rear land allocated in the Local Plan for further industrial use. One unit is let to Motor Parts Direct (passing rent £85,000 pa); the remaining occupier (C F Parkinson) is due to vacate at the end of Q1 2025, creating near-term vacancy and repositioning opportunity.
A sketch scheme has been prepared showing about 3,810 sqm (41,000 sqft) of additional trade counter/industrial units — the rear land could deliver over 60,000 sqft of trade counter accommodation in total when combined with the existing buildings. The site benefits from main road access (A16), off-street parking, high internal eaves in proposed units, excellent mobile signal and fast broadband — features attractive to modern occupiers and trade counter operators.
Buyers should note this is being offered freehold subject to the existing occupational lease and the anticipated vacation at Q1 2025. The current passing rent (£85,000 pa) compares with an estimated rental value of £160,000 pa excluding potential income from the undeveloped land. Delivery of the sketch scheme will require capital investment, marketing to secure occupiers, and normal planning/building consents despite Local Plan allocation. The site suits investors seeking long-term rental growth, a developer wanting a ready allocation, or an occupier requiring significant operational yard and warehouse space.
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