36-37 Hall Pl 6,550 sq ft Retail Property Spalding PE11 1SG £525,000 (£80.15/sq ft) 8.50% Net Initial Yield

37 Hall Place presents a rare opportunity to acquire a distinguished, income-producing asset in the very heart of Spalding’s town centre. Positioned prominently on the corner of Hall Place and Market Place, this Grade II listed brick and slate building enjoys exceptional visibility and footfall in one of the area’s most established commercial settings. The property combines architectural character with long-term stability, offering investors the security of a recently agreed lease to Lloyds Bank Plc, one of the UK’s most recognisable and creditworthy financial institutions.
Set within a highly walkable retail environment, the property benefits from consistent daily activity generated by national retailers, independent traders, markets, and nearby civic amenities. Its frontage onto two key thoroughfares ensures strong dual-aspect exposure, reinforcing the site’s strategic value in a supply-constrained heritage town centre. Internally, the asset provides well-configured banking and office accommodation, supported by additional storage and basement areas, with the flexibility to introduce a self-contained first-floor access point subject to consents.
The new 5-year FRI lease commencing 1 December 2025 underpins the asset with secure income and clearly defined responsibilities, further enhanced by a tenant-only break option in late 2028. With an attractive gross yield of 8.5% at the asking price of £525,000 and an EPC rating of B valid until 2034, the property is ideally positioned for investors seeking a dependable, well-located asset with long-term relevance in a stable market. The combination of listed-building charm, national covenant strength, and immediate town-centre prominence makes 37 Hall Place a standout acquisition for both private and institutional buyers