Retail property (high street) for sale

FULL PLANNING PERMISSION Ref(B/21/0536) to develop Boston Town Centre's former Post Office into 22 self contained apartments benefitting with a ground floor Commercial Class E floor space

This beautiful landmark property is conveniently situated by the prime retailing area and also Central Park, providing future occupiers with attractive local business and leisure amenities on their doorstop.

The property offers the potential to develop and provide attractive, stylish apartments and business premises in one of the most popular areas of the town.

Guide Price. £895,000.

Location - The subject property is located in Boston, Lincolnshire. Boston is an historic market town in the east of England and has a resident population of circa 60,000 and a catchment population of approximately 125,000. The town is located approximately 37 miles north of Peterborough and 35 miles south of Lincoln.

The property is situated in a prominent position on Wide Bargate with nearby occupiers including Next, Morrison's, W H Smith, Santander, and Waterstones. It is also within close proximity to Pescod Square Shopping Centre and Strait Bargate.

The property is also located directly in front of Central Park, one of the focal points of the town where many people enjoy the open space. The Park holds a number of events throughout the year and includes a bird avairy, children's play area, skate park, cafe, public toilets and open lawned parkland.

Description - The property forms part of a Grade II Listed Building known as The Post Office pleasantly situated in a Conservation Area and fronts Wide Bargate with return frontage to Park Gate. The building is formed of two interconnecting structures of brick build with part pitched slate roof and flat roof construction and is arranged over 3 storeys and a basement.

The property does not just comprise the matching front and side original section, but also the 3 storey extension with Service Yard facing Park Gate, leading to the Central Park.

In addition to the granted FULL PLANNING PERMISSION from Boston Borough Council, Ref: B/21/0536, the property also achieved Listed Building Consent for internal alterations to facilitate the change of use of the building to Class E and Class C3 through application B/21/0518.

The site is allocated as a Housing Commitment in the Local Plan. The business use of Class E on the ground floor was given to contribute to the vitality and viability of the Boston Town Centre and Primary Shopping Area in accordance with Policies 24 and 25 of the Local Plan.

Accommodation - The property comprises of Ground Floor, First Floor, Second Floor and Basement.

The full Planning Permission provides development for 3 Studio Apartments, 8 1-Bedroom Apartments, 11 2-Bedroom Apartments and a Class E Commercial Premises of approximately 2921sq.ft (271.4sq.m).

The Architect's breakdown for the properties is :-

S106 Contribution - Within the Planning Application, Vacant Building Credit has been applied for. The present owners will pay the remaining S106 financial contribution.

Business Rates - We understand from the VOA website the property presently has a rateable value of £75,000 from the April 2023 assessment. The property is Grade II listed.

Epc - The Commercial Area has an EPC 'D' Rating.

Terms - The property is available for sale freehold with vacant possession.

Viewing - Strictly by appointment with:
James Mather [use Contact Agent Button]
[use Contact Agent Button] Option 2 sales

Boston Town Deal - The vendor has provided us with copy documents for grant funding for certain external building works as the property has been identified as a "target property for funding". The works relate to repairs/ replacement windows, guttering, cleaning, repointing, joinery works and part scaffolding costs.

The vendor's received contact from a Heritage Consultant with grants suggested at £100,000 to £125,000, subject to criteria. The property has not been confirmed for a specific grant award, but the paperwork is worth interested parties studying and further investigation. There will of course be a date by which grant funding will finish.

Agent's Note - The vendor's have agreed to pay for the clearance of the pile of old building materials in the Service Yard upon Exchange of Contracts.

Note: All measurements are approximate. The services, fixtures and fittings have not been tested by the Agent.
All properties are offered subject to contract offered subject to not being previously sold or withdrawn; these particulars are issued on the understanding that all negotiations are conducted through Bruce Mather Limited.
Bruce Mather Limited for themselves and for Sellers of this property whose Agent they are give notice that:-
1) the particulars, whilst believed to be accurate, are set out as a general outline for intended buyers and do not constitute nor constitute part of any offer or contract; 2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending Buyers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy; 3) no person in the employment of Bruce Mather Limited has any authority to make or give any representation or warranty whatever in relation to this property.

Vat - The owner has informed us the property is not elected for VAT.