Terraced house · PE11 1XG
To rentListed 2 days
Opportunity summary
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About
An excellent opportunity to take a lease on this very prominent retail/cafe/restaurant with a frontage onto Market Place and a return frontage onto Bridge Street.
The property is arranged over 3 floors with an overall area of 1815 sqft (168.5 sqm) Location The property is located in an excellent prominent town centre location of Spalding with a frontage onto market place and the main return frontage onto Bridge Street.
The property has an established use as a cafe/restaurant however could be used for a number of retail/food and leisure uses.
Spalding is a market town on the River Welland in the South Holland district of Lincolnshire. The main town had a population of 30,556 at the 2021 census.
The town is the administrative centre of the South Holland District. The town is between the cities of Peterborough and Lincoln.
ACCOMMODATION The property comprises a 3 storey building with the following floor areas in accordance with the floor plan:Ground Floor = 735 sqft (68.2 sqm)First Floor = 534 sqft (49.6 sqm)Second Floor = 546 sqft (50.7 sqm)Total = 1815 sqft (168.5 sqm)There is a basement which has not been measured PLANNING The property has an established use as a former retail shop and presently a cafe/restaurant SERVICES Mains electricity, water, gas and drainage are connected to the property TENURE The property is offered on a minimum 3 year lease on full repairing and insuring terms with the rent paid quarterly in advance.
The tenant will be required to pay 3 month rental deposit.
RATEABLE VALUE The property has a rateable value of £15,500 CEPC The property has a CEPC rating of B which is valid until the 22nd December 2033 LEGAL COSTS Each party are responsible for their own legal costs VAT The rent is exclusive of VAT if applicable LOCAL AUTHORITY Contact South Holland District Council Tel VIEWINGS Contact Pygott & Crone Commercial Tel
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 20 Bridge Street, Spalding, PE11
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