A Town Centre Mixed Investment Property with Strong Development Potential For Sale Freehold
Ground Floor Snooker Club with a gifa of Approximately 330sqm, 3,540sqft
Four Residential Apartments Over Currently Let at £130/week Each
Currently Producing an Income of £27,040 per annum
For Sale Freehold with Vacant Possession
£475,000 plus VAT Subject to Contract

Location...
Boston is a bustling market town with a range of local amenities, located on the South Lincolnshire Fens, approximately 35 miles to the north-west of Peterborough, 110 miles to the north of London.

The property is located off the Market Place on a pedestrian walkway, Cornhill Lane to the east of the Town Centre.

Nearby occupiers include retailers such as Boots The Chemist, Savers, William Hill, Nationwide Building Society and Coral.

A location plan is included within these particulars.

Accommodation...
Ground Floor Snooker Club Off Cornhill Lane:
Hall/Entrance/Reception
Hall No 1….….……………….………..17.6m x 5m (57ft9 x 16ft5)
Hall No 2……………………..……..23.2m x 6.5m (76ft1 x 21ft4)
Office……………………………………...3.5m x 2.9m (11ft6 x 9ft6)
Men’s WC’s
Ladies WC’s
Bar Area…………………………..……8.7m x 4.5m (28ft7 x 14ft9)
Having fitted bar with a range of shelves, hand washing facilities and optics.
Boiler Room
Kitchenette…………………..………….3.6m x 2m (11ft10 x 6ft7)
Having stainless steel double sink with 4 high level cupboards, round edged work surfaces, space for domestic appliances.
Cellar……………………………………...3.7m x 2.2m (12ft2 x 7ft3)

The Apartments:
Apartments 1,3 and 4 share a ground floor access with Apartment 2 having a separate dedicated first floor access. There is a covered bin store to the rear.
From the entrance a staircase leads up to the first floor where there is:

Apartment No 1
Entrance Hall
Open Plan Kitchen/Living…....…...5.2m x 2.5m (17ft x 8ft2)
Having a modern range of fitted kitchen units and open plan living area.
Bedroom No 1………………………..4.7m x 2.3m (15ft5 x 7ft7)
Bedroom No 2………………………….2.9m x 2.3m (9ft6 x 7ft7)
Bathroom
Having a modern coloured matching suite comprising low level close coupled WC, enclosed bath, pedestal hand basin.

Apartment No 2
Located on the first floor, not inspected internally.

On the second floor is:
Apartment No 3
Entrance Hall
Having airing cupboard off.
Open Plan Kitchen/Living…………4.7m x 4.6m (15ft5 x 15ft1)
Having modern fitted range of kitchen units and open plan living area.
Bedroom No 1………………………………2.9m x 2.9m (9ft6 x 9ft6)
Bedroom No 2…………………………….3.1m x 2.9m (10ft2 x 9ft6)
Bathroom
Having a white bathroom suite

Apartment No 4
L shaped Lounge………….4.4m x 3m and 1.7m x 1.6m (14ft9 x 9ft10 and 5ft7 x 5ft3)
Kitchen………………………………………….2.6m x 1.7m (8ft6 x 5ft7)
Having a modern range of fitted kitchen units.
Bedroom No 1………………………….3.8m x 2.4m (12ft6 x 7ft10)
Bedroom No 2…………………………….2.7m x 2.0m (8ft10 x 6ft7)
Shower Room
Having a fitted shower cubicle with pedestal hand basin, low level WC.

Schedule of Accommodation...

Q Club
Trading Area 278sqm 2,990sqft
gifa (estimated) 330sqm 3,550sqft
Apartment No 1
1st Floor 2 beds 45sqm 485sqft
Apartment No 2
1st Floor (not inspected)40sqm 430sqft
Apartment No 3
2nd Floor 2 beds 41sqm 440sqft
Apartment No 4
2nd Floor 2 beds 45sqm 485sqft
Ancillary Accommodation (estimated) 35sqm 377sqft
Total Approximately 536sqm 5,770sqft

Income…
Each of the four apartments is let at £130 per week.

Services...
The ground floor Snooker Club has separate metered supplies for mains services.

The Apartments have separate sub metered electricity supplies in an arrangement whereby tenants buy tokens from the managing agent. Apartment No 1 benefits from gas fired central heating. The other apartments have electric heating.

Planning…
Pre-Application advice has been sought from Boston Borough Council and the Vendor’s Architect has produced a draft scheme for the conversion of the property. Plans show 12 individual units comprising the four existing apartments and 1 x 1 bedroom apartment, 4 x 2 bedroom maisonettes and 3 x 2 bedroom town houses.

All plans and Flood Risk Assessment would be made available as part of any sale.

Outgoings…
The residential apartments are individually assessed at Council Tax Band A. The Snooker Hall has a Rateable Value of £7,600.

EPC...
Apartment 1 – C78
Apartment 2 – C67
Apartment 3 – C73
Apartment 4 – D65

VAT...
The vendor reserves the right to charge VAT on any sale or letting where applicable.

Viewing...
By appointment through the agent.
Poyntons Consultancy.