Eastgate

 

For Sale £235,000

Louth, Lincolnshire


FOR SALE – INVESTMENT OPPORTUNITY WITH VACANT FLAT

  • Situated in prominent town centre location
  • Grade II Listed Building
  • Ground Floor Shop with Flat above.
  • Shop currently let on 7-year lease from September 2013
  • GF Shop approx. 66.7sqm/717.95sqft

Tenure: Freehold


Introduction -

An opportunity to purchase a commercial unit in a prime location in the centre of the historic market town of Louth with a 3-bedroom residential flat above over three floors

Location -

Louth is a market town of approximately 17,000 people, famous for its thrice weekly market and cattle market. The town centre provides essential services for a large rural area and, in particular secondary schools, banks and shopping facilities. The town is famous for its sole proprietor independent retailers including butchers, bakers and specialist clothing etc. In addition, the town accommodates the main High Street banks and national retailers including Boots the chemist, WH Smith, Millets etc. There are 3 supermarkets in the town, being Co-operative, Morrisons and Aldi.

The property is situated on Eastgate, which is in the centre of Louth.

Toilet -

With wash hand basin and WC

First Floor Accommodation -

Accessed via staircase to side passage

Kitchen - 11' 2'' x 9' 2'' (3.4m x 2.8m)

With 1 ½ bowl sink, range of base and wall units, fitted oven and hob, and ideal classic boiler.

Inner Hallway -

With wash hand basin and low level WC

Bedroom - 12' 10'' x 10' 8'' (3.90m x 3.26m)

With double wardrobe

Bedroom 2 - 17' 3'' x 8' 11'' (5.25m x 2.71m)

With fitted wardrobes and airing cupboard with hot water cylinder and immersion heater

Bathroom -

A suite of panelled bath, hand basin, WC and shower cubicle.

Outside -

We are informed that there is a right of access through the passageway to the shared rear yard and side of the premises.

Lease -

The Shop is currently let on a lease for £15,000 p.a. on a 7-year lease from 1st September 2013.
The Residential Flat is currently vacant

Services -

We understand that mains electricity and water are available. Please note that these services have not been tested and all prospective purchasers are advised to check these are adequate for their needs.

Legal Fees -

Each party will be responsible for their own legal fees in relation to the sale of the property.

Rateable Value -

Enquiries to the Valuation Office Agency (VOA) web-site indicates the rating assessment from the 1st April 2017 as;

Description: Shop & Premises
Rateable Value: £8,600.

Viewing -

Strictly by appointment with Turner Evans Stevens Louth office on 01507 602264

Measurements -

Measurements are approximate with the metric conversion shown in brackets, taken wall to wall unless otherwise indicated.

Disclaimer -

Notice is hereby given that these particulars are set out for the guidance of proposed purchasers and, although due care is taken in their preparation and they are believed to be correct, proposed purchasers must not rely on them as statements of fact and must satisfy themselves by inspection or otherwise as to their correctness. These particulars are issued on the understanding that all negotiations are carried out through the agents Turner Evans Stevens but they do not constitute an offer or contract. Any price quoted in these particulars is subject to contract. No person employed by Turner Evans Stevens Limited has any authority to make or give any representation or warranty whatsoever in relation to this property.

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01507 602 264

survey@tes-property.co.uk

1 Queen Street, Louth, Lincolnshire LN11 9AU