Retail Investment Sale
Spalding - 10 Hall Place - PE11 1SR
Value-Add Option at Uppers
Ground floor leased to Boylesports for 10 years from 22nd October 2025 at a rent of ?37,000.
The first and second floors provide vacant, former office accommodation of
2,816sqft. This could be refurbished as offices or redeveloped for other uses
including residential (subject to planning permission). There is a 7 space car
park to the rear of the property and within the demise being sold here.
At a total price of ?575,000 and 7.5% assumed pricing for Boylesports
(?470,000 net of costs), the price applicable to the 2,816sqft of vacant space
is at a capital value of ?105,000 which is just ?37.30psf. VAT is not payable.
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