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The Crescent, Spalding, PE11 1AF

East of England

£175,000

Listed on 13/01/2026

Property details

Bedrooms
N/A
Type
Restaurant
Area
2067 sqft

Features

  • Parking

Description

This semi-detached brick and slate property is located in a prominent area of Spalding, providing an excellent opportunity for investors and developers. Historically operated as a Chinese restaurant for the last three decades, the premises includes extensive kitchen facilities, storage areas in the basement, and diverse accommodation on both ground and first floors. The building has potential for repurposing into residential units, subject to obtaining appropriate planning permissions from South Holland District Council. With its existing configurations, including a manager’s flat possibility on the first floor and an attic space currently used for storage, there is ample scope for transformation to meet modern living standards. Additionally, all furniture and equipment can be negotiated separately, allowing prospective buyers flexibility in their redevelopment plans. The property’s position near local amenities adds further value to its investment potential.

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Location

The Crescent, Spalding, PE11 1AF
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£661
Based on a loan of £131,250 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-20.3% since listed
£175,000£5,000(-2.8%)
08/04/2026
Current price
£180,000£39,500(-18.0%)
14/01/2026
£219,500Initial listing
12/01/2026

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