Summary - Parkinson Harness Technology Ltd,Marsh Lane,Riverside Industrial Estate,Boston,PE21 7FP PE21 7FP
1 bed 1 bath Light Industrial
Large freehold units with income now and redevelopment upside nearby.
Two modern steel-framed units totalling c.29,000 sqft
Part-let: passing rent £85,000 pa, ERV £160,000 pa
Rear occupier vacating end of Q1 2025 (vacant possession partly available)
Site 2.17 acres with parking and undeveloped parcels
Additional 3 acres available by separate negotiation
Good A16 road access; suitable for manufacturing or logistics
Communal road access; high ceilings and mezzanine storage included
Passing rent materially below ERV — clear rental upside
An opportunity to buy two modern steel-framed industrial units totalling approximately 29,000 sqft on a 2.17-acre site in Marsh Lane, Boston. The front unit is income-producing, let to Motor Parts Direct on a 10-year FR&I lease (dated April 2022) producing a passing rent of £85,000 pa; the rear occupier (C F Parkinson) is expanding and intends to vacate at the end of Q1 2025. The site includes parking, a communal access road, and undeveloped parcels offering immediate expansion or reconfiguration potential.
For investors, the asset offers an immediate income stream with clear upside: an estimated rental value of £160,000 pa and optional additional land (circa 3 acres) available by separate negotiation. The buildings provide flexible production, storage and office accommodation, high ceilings and good vehicular access onto the A16, making them suitable for manufacturing, logistics or trade-oriented occupiers.
Key practical points are straightforward and factual: part-occupation means vacant possession of at least one substantial unit will be available early 2025, and the current passing rent is materially below ERV, creating reversion potential. Additional land requires separate purchase and any development will need to be factored into cost plans. EPCs are available on request and flood risk is low.
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