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Auction Property

Car Park, corner of Wheeler Lane and Mitre Lane, Boston, Lincolnshire, PE21 6QQ

Sold for £120,500

General:

Small parcel of land located within the centre of Boston which is currently used as a car park. There are 17 permits issued (11 full day and 6 night) producing an annual income of around £4,500. The permits are let under licence as follows:- 9 staff x £321.62 p.a. = £2,894.58 2 private x £450 p.a. = £900 6 night x £120 p.a. = £720 1 free of charge (pool car for local business) Total annual income £4,514.58 (inc. VAT) Potential exists to increase the income for the site and to increase the number of spaces available. Redevelopment of the site is possible, subject to the necessary consents being obtained.

Location:

Boston is a thriving town located approximately 100 miles north of London. It has a wide and varied range of shopping facilities and leisure amenities and a population of around 66,000.

Directions:

From the A16 roundabout, proceed into the centre of Boston along Wide Bargate. At the traffic lights turn left and continue onto Pen Street. Follow the road round and bear right onto Main Ridge West. Continue for approximately 100 metres and turn right into Wheeler Lane. The land will then be found on the right hand side just as the road bears left into Mitre Lane. AGENT'S NOTE: VAT will be applicable on this purchase.

Viewing:

At any reasonable time during daylights hours.