Retail Property (High Street)
DRAFT DETAILS. A substantial high street retail unit previously occupied by HSBC bank. The accommodation is currently arranged as a banking hall with offices, interview rooms, cashiers, safe room, breakout area, internal staircase and basement entrance. A second staircase with an external fire escape gives access to the upper floors.
The property is prominently situated in an established retail parade and main pedestrian route into the Market Place at the foot of the Town Bridge. Nearby stores include Boots, The Halifax, Norwich and Peterborough, Coral, Savers, The Nationwide and KFC. Boston is a bustling market town with a range of local amenities, located on the South Lincolnshire Fens, approximately 35 miles to the north-west of Peterborough.
We have been informed by the vendor that the property is Grade II listed and therefore council tax is exempt whilst the property is vacant.
We believe there may be a possibility to acquire car parking spaces in front of the building from Lincolnshire County Council, or potentially use for alfresco dining for any prospective coffee shop or eating establishment. All inquiries should be made to Lincolnshire County Council.
The auctioneers have not inspected the property but believe it to comprise
7.1m x 4.1m
4.3m x 4.1m
6.2m x 2.1m
2.4m x 2.2m
4.1m x 1.8m
5.5m x 4.1m
1.8m x 1.3m
3.5m x 1.7m
3.5m x 4.1m
4.3m x 4.5m
3.1m x 2.5m
4.2 x 4.1m
Freehold. Vacant possession upon completion.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
