Auction House UK · 21 Oct 2026 · in 2 days
A shop unit with two floors above currently used as offices/storage with a rental income of £12,500 pa
15-16 Station Street, Spalding, Lincolnshire PE11 1EF · East of England
LiveMixed-useFreeholdLet
- Guide
- £100,000
- Rent a year
- £10,250
- Yield on the guide
- 10.3%
- Payback
- 9.7 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- D
What it costs to own
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Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
- A
- B
- C
- D
- E
- F
- G
D from the government EPC register, lodged 27 Jul 2022 (certificate 1836-6079-8437-4317-7060). Meets today's minimum for letting commercial property in England and Wales (E or better).
How it compares
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Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Auction House UK's record
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Create an accountAbout the lot
Freehold mixed use lot in Spalding. Producing £10,250 a year, a 10.3% gross yield at the guide.
Lot 124, Mixed Use. A shop unit with two floors above currently used as offices/storage with a rental income of £12,500 pa: This retail shop is currently tenanted by a local charity on a five year lease. The shop offers a sales area, store, with two offices gents and ladies w.c and a kitchen on the first floor and two further rooms on the second floor. Total floor area of 115.82 sq meters. Rateable value of £10,250 pa. The current tenants have a five year lease with a rent of £12,500 pa. Spalding offers a variety of shops and recreational facilities together with a rail link into Peterborough and services into London Kings Cross. Tenure: Freehold. Ground Floor: Shop area and a store. First Floor: Office, store room, kitchen, gents and ladies w.c. Second Floor: Two offices. Business Rates: According to the Valuation Office website the premises have a current rateable value of £10,250 with effect from 1 April 2026. Note: VAT is applicable. Services: Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Solicitors: WCR Law, Ref: Claire Parker-Robson, Tel: 01507 430629. Offered in association with: Longstaffs
Figures come from Auction House UK's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.