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Boston, Lincolnshire

Guide price £375,000

For sale by auction
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For sale by auction at the Assembly House, Norwich on Wednesday 4th July 2018 at 11am. Guide £375,000 - £475,000*†. Large town centre car park laid to tarmac with approximately 99 spaces. Electronic barrier control Most spaces let under licence producing over £34,000pa

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

DESCRIPTION
General: Large town centre car park providing approximately 99 spaces which is laid to tarmac and controlled by an electronic entry and exit system. 96 of the spaces are let under licence producing an annual income of approximatel…

For sale by auction at the Assembly House, Norwich on Wednesday 4th July 2018 at 11am. Guide £375,000 - £475,000*†. Large town centre car park laid to tarmac with approximately 99 spaces. Electronic barrier control Most spaces let under licence producing over £34,000pa

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

DESCRIPTION
General: Large town centre car park providing approximately 99 spaces which is laid to tarmac and controlled by an electronic entry and exit system. 96 of the spaces are let under licence producing an annual income of approximately £34,000, made up as follows:-

45 private x £450 p.a. = £20,250
1 x concession staff x £360 p.a. = £360
41 staff x £321.62 p.a. = £13,186.42
1 ex-staff x £332 p.a. = £332
8 staff free of charge
3 spaces for maintenance/security
Total annual income £34,128.42 (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.

VAT
AGENT'S NOTE: VAT may be applicable to this purchase. Confirmation awaited.

PARKING NOTES
This is used as a car park



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