Commercial Property in Spalding
Former Regent Bingo Club, 80 Westlode Street, Spalding PE11 2AE
- Property Type: Commercial Property
- Contract Type: Split fee
Guide Price* £250,000 - £270,000 plus fees
Property Description
The property comprises a former cinema building, subsequently converted for use as a Bingo hall. The property is detached and sits on its own fenced and gated site with large parking area to the rear. Extensively damaged by fire in May 2021, the premises have not been in use since that date. Although structurally stable and potentially capable of being brought back into use, it is envisaged that the property represents an excellent redevelopment opportunity for a mixed use scheme. Planning The property lies within the Spalding Conservation Area but is not Listed. Pre-Application advice has been sought from South Holland District Council in relation to a potential redevelopment of the site to provide a mixed use scheme comprising ground floor commercial premises with residential units above at the front of the site, and further residential development to the rear of the site. Three indicative site layouts were provided to SHDC as part of the Pre-App advice request. South Holland DC has confirmed that a development of this nature would be generally supported subject to a full application being made, and if possible the frontage of the existing building should be retained and incorporated into a new scheme. A copy of the Pre-Application submission, together with the advice received from South Holland DC is available Location Spalding is an historic and thriving market town located in South Lincolnshire. The largest town in the district of South Holland, it has a resident population in the region of 37,000 people with a wide catchment area due to is rural location. With a settlement recorded since the 6th Century, the town expanded due to its location on the River Welland, acting as an international port for centuries. The town is now known as a centre for South Hollands substantial Tulip growing industry as well as a centre for agricultural food processing, with major employers including Bakkavor, Fowler Welch, Westfalia, Gist and Fesa UK The property is located on Westlode Street on the eastern edge of the town centre. The surrounding area is a mixture of commercial and residential uses. Occupiers in the immediate vicinity include Carpetright, B and M Homestore, Spalding Bowl, B and Q and J D Wetherspoons and a number of local operators.
Ground Floor
967.26 sq m (10,412 sq ft)
First Floor Offices / Ancillary
261.73 sq m (2,817 sq f)
First Floor Balcony
65.13 sq m (1,778 sq f)
Total
1,394.12 sq m (15,007 sq f)
Total Site Area
0.281 Ha (0.695 Acres)
Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Freehold
Auction Details
Date 30th January 2025
Venue National Property Auction
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Lot Information
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