19-21 Strait Bargate
Boston PE21 6EE
Retail Property For Sale · 5,835 SF
![19-21 Strait Bargate, Boston for sale - Primary Photo - Image 1 of 2](https://images1.loopnet.com/i2/SEi5I8qv8TvsWl3vbmEnNSwx3obo99MvN1HEEuew2xM/110/19-21-Strait-Bargate-Boston-Primary-Photo-1-Large.jpg)
![19-21 Strait Bargate, Boston for sale - Building Photo - Image 2 of 2](https://images1.loopnet.com/i2/n6dyFlIUKltSSTST31PLjNKDcl1K-FAxbFsP76-PIRk/110/19-21-Strait-Bargate-Boston-Building-Photo-2-Large.jpg)
INVESTMENT HIGHLIGHTS
- Boston is one of the most important retailing centres in eastern England
- New lease to a major ‘blue chip’ covenant
- Arguably the finest retailing location in the town
EXECUTIVE SUMMARY
The property comprises a building of masonry construction providing retail accommodation on the ground and first floors. The property is located in the pedestrianised section of Strait Bargate, approximately 0.36 miles from Boston train station.
PROPERTY FACTS
Unit Size | 3,266 SF |
No. Units | 1 |
Total Building Size | 5,835 SF |
Property Type | Retail (Condo) |
Property Subtype | Storefront |
Sale Type | Investment |
Building Class | C |
Floors | 2 |
Typical Floor Size | 2,918 SF |
Year Built | 1977 |
Lot Size | 0.12 AC |
1 UNIT AVAILABLE
Unit 19
Unit Size | 3,266 SF |
Condo Use | Retail |
Sale Type | Investment |
Tenure | Freehold |
Cap Rate | 8.91% |
NOI | $36,480.66 |
DESCRIPTION
The premises comprise a well configured ground floor shop with first floor ancillary accommodation.
The property has the benefit of a rear yard for servicing.
SALE NOTES
Seeking offers in excess of £325,000 (Three Hundred and
Twenty Five Thousand Pounds) subject to contract and exclusive of VAT for the freehold interest in the property.
A purchase at this level would reflect an attractive net initial yield of approximately 8.91% assuming
normal purchaser’s costs