Office for sale

Haven Business Park | Marsh Lane | Boston | Lincolnshire | PE21 7AA

* Modern Business Park Highly Efficient Site Suitable for Investors

* Excellent Track Records of Lettings Producing £301,284 per annum

* Accommodation Extending to Approximately 5,259sqm (56,641sqft) Gross

Location…

The bustling market town of Boston has a population of 68,000 residents and is located approximately 100 miles from London, 100 miles from Birmingham, 100 miles from Leeds, 100 miles from Manchester, 50 miles to the west of Nottingham, 35 miles to the south-east of Lincoln.

The town has good rail services to Grantham where there is the main line to London and Edinburgh as well as good road connections through the A16, A17 and A52 trunk roads.

The town has a rich trading history with the Hanseatic League and has an active Port, large hospital, strong retail offering, good sporting facilities and seen one of the largest increases in population in the country over the last ten-year period.

Riverside Industrial Estate is the main industrial area extending to over 200 acres to the south of the town. Haven Business Park is located on the southern perimeter of the estate, accessed by Slippery Gowt Lane.

To the north of the site is a industrial park with a site allocated for Boston’s new BAEF Energy project, phase one having already been completed as a Biomass Power Station.

Description…

The multi let Business Park sits on an irregular shaped site extending to 4.15 acres, 1.68 hectares.

The park was originally constructed as 24 individual units. Units 1 and 16 have been sold previously. The remaining 22 units have been let as 13 separate tenancies, with one unit subdivided into individual offices and let as managed office space.

The Business Park is fully let, there being a waiting list for space. The sellers occupy 2 offices and units 8, 9, 10, 11 and 20, and will sign a new 3-year lease at market terms on completion.

The estate road is privately owned and access is from the south. Four spur roads complete the circulation for the rest of the park.

Units 2 and 3 are individually built as detached units. The remainder of the units comprise 7 terraced steel portal frame buildings with insulated cladding panels and an internal eaves height of 4.5m.

Completion of the estate was approximately 15 years ago with an average unit size being around 2,500sqft.

Tenancy…

The units are on individual commercial agreements. The basic estate rent has been set at £4.50/sqft therefore the estate has potential for capital growth.

Communal services such as lawn cutting, drainage and CCTV are covered by a service charge levy invoiced annually.

Buildings insurance is levied annually to the tenants. A specimen lease is available on request, the leases lease being on full repairing and insuring terms.

Tenure…

The estate is available freehold, subject to the benefit of the existing occupation leases.

Note…

There is a right of access over the site to the adjoining property to the east.

Management…

The property has been managed by the current owners and management accounts are available subject to interested parties only.

Outgoings…

The units are individually rated with all occupiers responsible for their own utilities and Business Rates.

EPC…

EPC’s are available on request. Units range from E123 to C73.

Viewing…

Prospective purchasers are advised to contact the agent in the first instance to organize viewings.

Poyntons Consultancy