About this property

Detailed Description

20 Wide Bargate comprises a prominent corner three storey Grade II Listed Building, with the principle heritage asset fronting Wide Bargate with later additions to the rear.

Unit 1, forming the frontage of the building, has previously been occupied by Prezzo and comprises a fully fitted-out Restaurant Premises on Ground and First Floor levels which is ready for immediate trading occupation.

Unit 2, fronting Park Gate will, upon completion of separation works to be undertaken by our clients, form a further Ground Floor Restaurant class E opportunity.

The majority of the First Floor and the entirety of the Second Floor accommodation benefits from recently-granted Planning and Listed Building Consents for conversion to form 10 Residential Flats comprising 2 Studio Flats, 6 one bedroom Flats and 2 two bedroomed Flats. Copies of Architects Drawings, Asbestos Survey and Certification Of Asbestos Removal together with full plans relating to the conversion of the Upper Floors are available upon request.

Location

Boston is a large Market Town with an estimated population of approximately 70,000 people with the Town being the largest conurbation within South Lincolnshire and being situated approximately 35 miles South East of the City of Lincoln.

20 Wide Bargate occupies a prime Town Centre position with frontages to both Wide Bargate and Park Gate with the property being situated immediately adjacent to Boston County Club and Central Park.

Accommodation

In terms of net internal area, Unit 1 (comprising the former Prezzo Restaurant) and Unit 2 comprise as follows:

UNIT 1
Floor Description SQM SQFT
Ground Restaurant Bar, Kitchen/pre area 228.7 2,462
Ground Unisex/Disabled WC - -
First Restaurant Seating Area 206.9 2,227
First Ladies and Gents WCs - -
TOTAL 435.6 4,689

UNIT 2
Floor Description SQM SQFT
Ground Retail/Seating Area, Servery,
Potential Kitchen 121.0 1,302
Ground Unisex/Disabled WC - -
TOTAL 121.0 1,302

In respect of the remaining Upper Floor accommodation covering the majority of the First Floor and the entirety of the Second Floor, we are able to confirm that from Architects Drawings in our possession that upon completion of conversion works each of the 10 Residential Flats for which Planning and Listed Building Consent have been granted will comprise as follows on a Gross Internal Area basis:

Flat Number Floor Description SQM SQFT
1 First One Bedroom 35 377
2 First One Bedroom 40 431
3 First One Bedroom 50 538
4 First Studio 37 398
5 Second One Bedroom 37 398
6 Second Two Bedrooms 51 549
7 Second Studio 27 291
8 Second One Bedroom 44 474
9 Second Two Bedrooms 71 764
10 Second One Bedroom 51 549
TOTAL 443.0 4,769

In addition to the property itself, there is a Rear Service Yard for fire escape purposes and for storage of refuse bins and so forth together with limited off-street parking accessed from Park Gate.

Services

We understand that the various elements of the property are currently connected to mains electricity, gas, water and drainage. None of the services or appliances that are believed to be connected to the properties have been tested by Brown&Co LLP and prospective purchasers are advised to check upon the adequacy of provision of services and utilities with development Strategy Authorities prior to making an offer to purchase this property.

Viewing

For further information, or to arrange a viewing of the properties concerned, please contact the Sole Selling Agents:

Brown&Co LLP
5 Oakwood Road,
Doddington Road,
Lincoln, LN6 3LH

James Cameron
01522 457800
07768 465753
james.cameron@brown-co.com

Will Gaunt
01522 457182
07919 694235
william.gaunt@brown-co.com

VAT

We understand that the property is elected for VAT and that VAT will therefore be charged upon any sale price agreed.

Legal Costs

Each party is to be responsible for their own legal and professional costs incurred in respect of the sale of this property.

Other

EPC RATING
In terms of Units 1 & 2, comprising the commercial elements of the property, the following EPC Ratings are applicable:
Unit 1 - B48 - Valid until April 11th 2034
Unit 2 - D78 - Valid until February 9th 2029
These EPC's are understood to cover parts of the Upper Floors which are not proposed to be let with the commercial elements of the structure and which will ultimately form part of the Residential Flat conversion scheme for which Planning and Listed Building Consents have already been granted as referred to above.

New EPC's will be required in respect of each of the 10 Residential Flats upon completion of conversion works however, certain exemptions may be applicable given the Grade II Listed status of part of the property.

PLANNING
Planning Permission and Listed Building Consent was granted on 3rd May 2007 for the change of use from Class A2 (Bank) to Class A3 (Restaurants and Cafes) into two separate units with external alterations.

Units 1 & 2 have been used for a number of years as Restaurant or Café Premises and as such have established uses now falling under Use Class E of the Town and Country Planning Act (Use Classes) Order 1987 (as amended).

Planning and Listed Building Consents were granted in July/August 2025 for conversion of the majority of the First Floor and the entirety of the Second Floor for 10 Residential Flats under references B/25/0083 and B/25/0082 respectively.

For further information in respect of planning-related matters, we would recommend that potential purchasers contact the Planning Department at Boston Borough Council. Tel: 01205 314200.

RATEABLE VALUES
Units 1 & 2 are currently assessed under the 2023 Rating List as follows:
Unit 1 - Restaurant and Premises - RV £58,000
Unit 2 - Café, Gym and Premises - RV £20,750

Following completion of our Client's separation works intended in respect of Unit 2, the Rating Assessment will require re-assessment as it presently includes parts of the property that are proposed to form part of the conversion of the Upper Floors to 10 Residential Flats.

For further information in respect of the Rating Assessments appropriate to the property, prospective buyers are advised to contact Boston Borough Council, Tel: 01205 314200.

Terms

ASKING PRICE
£1,150,000 is sought for the freehold interest in the property in its entirety

ANTI MONEY LAUNDERING
In order to comply with current anti-money laundering regulations, the Owners will require certain information from the successful purchaser. In submitting an offer, the purchaser agrees to provide such information when terms are agreed.