52 Market Place, Boston, LIN

The property comprises a detached building of sandstone construction, arranged over a basement, ground floor and two further storeys. There is also a mezzanine level which is accessed from the rear of the property.
The property is situated on the north side of Market Place at its junction with Bank Street. Boston town is an important regional centre with a catchment population of approximately 67,000. It is located around 60 miles north east of Leicester, 35 miles south west of Lincoln and 30 miles east of Grantham. The town is located on the A52/A16
intersection and some 15 miles from the major A15 trunk road at Sleaford.

Sale Notes:
The investment opportunity comprises a freehold bank investment let to Barclays Bank until 2026 and prominently situated in a town centre location.
The investment is available freehold for offers in excess of £950,000, which would give a NIY of 5.2%
The property is let to Barclays Bank Plc for a term of 20 years from July 2006 until 2026 on a full repairing and insuring lease subject to a schedule of condition. The tenant has an option to determine the lease at the end of the 15th Year. The rent review is on 25 March 2013 and five yearly thereafter. Current annual rental income is £52,500 pa.