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20 Wide Bargate 2,084 sq ft of Retail Space Available in Boston PE21 6RF
HIGHLIGHTS
- Prominent attractive Georgian building
- Restaurant area comprising ground, first and second floors totalling 5,186 ft2 / 541.40 m2
- Town Centre Location with excellent local car parking
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| Ground, Ste Unit 1 | 2,084 sq ft | Negotiable | £19.19 /sq ft pa £1.60 /sq ft pcm £40,000 pa £3,333 pcm | Fully Repairing & Insuring |
Ground, Ste Unit 1
The entire building is available to let on a new full repairing and insuring lease for a minimum term of 15 years, subject to 5 yearly upward only rent reviews. £50,000 per annum exclusive of VAT in years 1 and 2, rising to £60,000 per annum exclusive of VAT as from Year 3. A Premium of £35,000 plus VAT is sought for all the fixtures, fittings and kitchen equipment (excluding the Mechanical and Extraction Installation). Three months from completion of the lease or occupation whichever is the earlier. The equivalent to six month’s rent plus VAT (i.e. £39,000).
- Use Class: E
- Fully Fit-Out as a Restaurant or Café Space
- Unit is standalone
- Space is in Excellent Condition
- Kitchen
- Exclusive WC facilities
- Fully Fitted Restaurant
- Approximately 76 Covers with 20 outside Seating
- Private Function Room
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing agent for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS
| Total Space Available | 2,084 sq ft | Net Internal Area (NIA) | 11,496 sq ft |
| Property Type | Retail | Year Built | 1968 |
| Property Subtype | Shopfront Retail / Office |
| Total Space Available | 2,084 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront Retail / Office |
| Net Internal Area (NIA) | 11,496 sq ft |
| Year Built | 1968 |
ABOUT THE PROPERTY
The subject property is situated on the northern side of Wide Bargate at its junction with Park Gate a short distance from the town centre. The surrounding properties comprise a mix of ground floor retail units with ancillary accommodation above together with office buildings whilst The Green Car Park, a popular pay and display facility, is located in close proximity to the east. The property occupies a good trading position, having the ability to draw trade from customers frequenting the town centre facilities. Within the town centre, which is partially pedestrianised, there is a full range of national multiple retailers centred around Prescod Shopping Centre situated a 100m to the southwest.
- Storage Space
NEARBY MAJOR RETAILERS
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20 Wide Bargate
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