19-21 Strait Bargate
Boston PE21 6EE

Retail Property For Sale · 5,835 SF

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

  • Listing ID: 28759264

  • Date on Market: 6/15/2023

  • Last Updated:

  • Address: 19-21 Strait Bargate, Boston PE21 6EE