Poyntons Consultancy Commercial says ..

Property Oracle says ..

This listing presents a prime development opportunity in Boston, Lincolnshire. The site, located on Strait Bargate, is a 1.49-acre plot with planning consent already secured for the construction of 16 retail units and 15 residential apartments. This signifies reduced risk and streamlined project execution. The inclusion of three existing retail units currently generating £70,000 per annum in passing rent adds significant value to the proposition. The location itself benefits from high visibility, foot traffic, and proximity to Boston’s railway station and a range of schools, increasing the potential for attracting renters and buyers. However, a thorough due diligence process should include a detailed financial analysis comparing projected development costs and future rental/sale income against the current asking price to confirm the overall profitability. Furthermore, a comprehensive market research study examining the local demand for both retail and residential properties will be vital to assess the actual value of this development project. The lack of square footage details for the land and planned building adds to the uncertainty of determining a final price valuation. The images show floor plans and design renderings for the proposed development, providing a general idea of the scale and layout, although this will not fully capture the reality of the construction costs or potential rent achievable.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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