Summary - Church Close, Boston, Lincolnshire, PE21 PE21 6NA
1 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use investment in prime central location
- 19 retail units and 9 residential apartments, totaling 16,905 sqft
- Current passing rent of £184,860 per annum; estimated rental value of £208,260
- Modern conversion completed around 2020, with some apartments in need of minor renovations
- Strong rental demand due to Boston's growing population and amenities
**Notable Concerns:**
- Some ground-floor retail units currently vacant
- Certain residential apartments are under refurbishment
- High local crime rate may be a consideration for some investors
Nestled in the bustling town center of Boston, Lincolnshire, this impressive mixed-use property presents a substantial investment opportunity. With 19 retail units and 9 modern residential apartments spanning approximately 16,905 square feet, this asset is ideally designed to maximize income potential. The ratio of commercial to residential spaces offers flexible options for income generation, tapping into both the retail market and the growing rental demand in the region.
The property's prime location benefits from proximity to vibrant amenities including shops, cafes, and community services, areas that foster a thriving business atmosphere. Although the passing rent stands at £184,860 per annum with an estimated future rental value of £208,260, some ground-floor units are currently vacant, providing potential for immediate income enhancement strategies.
Constructed in 2020, the residential units offer modern living spaces; however, prospective buyers should be aware of the current refurbishment work required on one unit. The surrounding urban landscape contributes to a dynamic lifestyle, making it an attractive option for both families and investors seeking promising rental income in a rapidly growing area. Don't miss out on this unique opportunity to secure a versatile property with an array of investment possibilities!
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