Sold STCSOLD STC – Historic Freehold Leisure Investment For Sale Producing £41,200 pa with Potential Rental Growth

Shodfriars Hall | Boston | Lincolnshire | PE21 6HB

* Extending to Provide Over 979.8sqm, 10,545sqft of Accommodation GIA

* Passing Rent £41,200 per annum, ERV IRO £45,000 per annum

* Refurbished Nightclub, Refurbished Beauty Salon, Refurbished Gymnasium with Additional Space

 BUSINESSES UNAFFECTED

Location…

The historic market town of Boston has a population which has all but doubled in the last 20 years and has a strong retail leisure offering.

The town has a historic twice weekly market, a large hospital, busy seaport and has been the centre of large infrastructure projects recently including new £110 million Barrage, £150 million Viking Link, £110 million Water Dowsing Cable, the proposed Helpringham Fen Reservoir, Boston Alternative Energy Power Station and Boston Alternative Energy 2 Power Stations.

The property is located within the centre of the cultural quarter in the centre of town on historic South Street, linking the marketplace to the port to the south.

The property comprises a Grade II Listed timber frame and brick building with the accommodation arranged over 3 floors currently providing 4 separate lettings.

The front of the building is a full width refurbished beauty and hairdressing salon trading as Eva’s Beauty Room.

A side access leads to the upper floors which house Chang Phueak Gym and Zumba rooms at the front under 2 separate tenancies.

To the rear of the property is a ground floor nightclub known as Pirana.

Accommodation…

Eva’s Beauty Room

Gross Internal Floor Area…..….103.9sqm, 1,120sqft

(Estimated)

Main Salon………..….18.4m x 3.6m & 10.3m x 3.2m, 63sqm

2 Glass Partitioned Treatment Areas.

Ancillary Accommodation……..……….…3.3m x 3.5m, 10sqm

Treatment Room 1……………..……..…..2.5m x 5.1m, 8.1sqm

Store…………………………………….…….…..2m x 1.3m, 2.7sqm

Treatment Room 2……………….………..3.5m x 1.6m, 5.6sqm

WC

Front Righthand Salon………….…………4.3m x 4.6m, 20sqm

Chang Phueak Gym

Gross Internal Floor Area…….310.5sqm, 3,305sqft

(Estimated)

To the side of the property is Shodfriars Lane where there is a side entrance leading to the Gym and Zumba Rooms allocated to the first floor.

First Floor Reception Room…………..4.5m x 4.1m, 18.8sqm

Having modern internal plaster wall finishes.

Main Trading Area……………………19.2m x 10.4m, 200sqm

with Boxing Ring

Second Floor Viewing Balcony…….10.3m x 6.4m, 66.5sqm

Inner Hall

2 WC’s

Zumba Rooms

Gross Internal Floor Area…….105.9sqm, 1,140sqft

(Estimated)

Beyond the Gymnasium Reception is a doorway leading through to a communal entrance hall.  Beyond the communal entrance hall are the Zumba Rooms and break out and training area.

Room No. 1…………………………………..7m x 5.8m, 41.6sqm

Room No. 2……………..…………………6.5m x 9.7m, 64.2sqm

Unfurnished Accommodation

Gross Internal Floor Area……….154sqm, 1,655sqft

(Estimated)

Stairs lead to the second floor comprising 2 large rooms requiring refurbishment.

Pirana Nightclub

Gross Internal Floor Area…..…..280sqm, 3,115sqft

(Estimated)

To the rear of the property a recessed double door gives entrance to the ground floor night club.

Reception Area………………………..…….6.2m x 3m, 18.6sqm

Coat Storage Area

Walk-in Cupboard

Main Club Area…………………..………….19m x 11m, 206sqm

Featuring alcove seats.

Ladies WCs off

Bar Area

Raised DJ Area

Cellar

Full height, full building depth

Kitchen Area………………………………2.2m x 3.3m, 7.26sqm

Living Room/Office Area…………….4.1m x 3.3m, 13.53sqm

Bedroom/Office……………………………..3m x 3.6m, 10.8sqm

WC

Tenure…

The properties are let on standard commercial terms at rent subject to VAT. Rent Reviews are upwards only to Market Rent.

Outgoings…

Outgoings are the responsibility of the individual tenants. 

Viewing…

All viewings are to be made by appointment through the agent, Poyntons Consultancy.