Guide price
£350,000
(£69.53/sq. ft)
Retail premises for sale24-26 Strait Bargate, Boston PE21
5,034 sq. ft
About this property
Gross yield of 7.14% at a purchase price of £350,000.
Net yield of 6.90% at a purchase price of £350,000 assuming purchaser's costs at 3.5%
Let to a strong tenant covenant
High passing footfall
Prominent retail pitch within Boston
The subject property comprises a substantial two-storey retail unit forming part of a traditional mixed-use parade fronting Strait Bargate, within Boston town centre.
The accommodation is arranged over two floors. The ground floor provides predominantly open-plan retail sales accommodation benefiting from a regular layout, suspended ceilings incorporating recessed fluorescent and LED lighting, comfort cooling/air conditioning, tiled flooring, and full-height display windows to the frontage. The sales area is fitted with standard retail display fixtures and shelving and provides clear customer circulation throughout.
To the first floor, the property provides ancillary accommodation comprising staff welfare facilities, including a staff kitchen and breakout room, office accommodation, WC facilities, and extensive storage areas.
The subject property is located within the town centre of Boston, Lincolnshire. Strait Bargate is one of the principal retail and commercial thoroughfares within Boston, forming part of the established town centre shopping area.
Boston is a market town and administrative centre situated approximately 30 miles east of Lincoln and approximately 35 miles north-west of Skegness. The town benefits from good road connections, including access to the A16, providing links to surrounding settlements and the wider Lincolnshire road network. Boston railway station is located approximately 0.5 miles to the north-east, providing rail services to destinations including Grantham and Skegness.
The surrounding area comprises a mix of retail, professional services, leisure, and civic uses, with a number of national and independent occupiers represented within the town centre.
The property occupies a central position within the established commercial core of Boston, benefiting from its town centre location and proximity to local amenities, transport links, and pedestrian footfall routes.
Retail within use Class E under The Town and Country Planning (Use Classes) Order 1987 (as amended).
EPC Rating 36B
The freehold property is available For Sale with an asking price of £350,000.
The rent is quoted exclusive of any VAT that may be payable.
The current ratable value from 1st April 2026 to present is £51,500.
The property is let to New Look Retailers Limited for a term of 5 years from 13th September 2024 with a break clause in the third anniversary. The passing rent is £25,000 per annum.
For any enquiries or viewing arrangements please contact us below:
Henry Bowers BSc (Hons
The accommodation is arranged over two floors. The ground floor provides predominantly open-plan retail sales accommodation benefiting from a regular layout, suspended ceilings incorporating recessed fluorescent and LED lighting, comfort cooling/air conditioning, tiled flooring, and full-height display windows to the frontage. The sales area is fitted with standard retail display fixtures and shelving and provides clear customer circulation throughout.
To the first floor, the property provides ancillary accommodation comprising staff welfare facilities, including a staff kitchen and breakout room, office accommodation, WC facilities, and extensive storage areas.
The subject property is located within the town centre of Boston, Lincolnshire. Strait Bargate is one of the principal retail and commercial thoroughfares within Boston, forming part of the established town centre shopping area.
Boston is a market town and administrative centre situated approximately 30 miles east of Lincoln and approximately 35 miles north-west of Skegness. The town benefits from good road connections, including access to the A16, providing links to surrounding settlements and the wider Lincolnshire road network. Boston railway station is located approximately 0.5 miles to the north-east, providing rail services to destinations including Grantham and Skegness.
The surrounding area comprises a mix of retail, professional services, leisure, and civic uses, with a number of national and independent occupiers represented within the town centre.
The property occupies a central position within the established commercial core of Boston, benefiting from its town centre location and proximity to local amenities, transport links, and pedestrian footfall routes.
Retail within use Class E under The Town and Country Planning (Use Classes) Order 1987 (as amended).
EPC Rating 36B
The freehold property is available For Sale with an asking price of £350,000.
The rent is quoted exclusive of any VAT that may be payable.
The current ratable value from 1st April 2026 to present is £51,500.
The property is let to New Look Retailers Limited for a term of 5 years from 13th September 2024 with a break clause in the third anniversary. The passing rent is £25,000 per annum.
For any enquiries or viewing arrangements please contact us below:
Henry Bowers BSc (Hons
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