For Sale £165,000

Louth, Lincolnshire

Period property in the centre of Louth Suitable for a variety of uses including retail/offices Approx. 129m2/1394ft2 (Net Useable Floor Area) Over four floors Spacious ground floor reception general office and 5 rooms on the upper floors New lease available EPC rating – C

Tenure: Unknown

Location -

The subject property is located in the heart of Louth, a bustling market town, with a population of approximately 15,000 and a wide cross-section of retail, commercial and industrial occupiers, in addition to regular markets, including a cattle market and a wide cross-section of agricultural businesses serving the immediate county. Occupiers close by include a number of banks, estate agents, solicitors, Halifax, HSBC with on-street parking in the Cornmarket and further parking in the immediate vicinity.

Accommodation -

This period property has the benefit of a traditional glazed shop front with entrances to both the ground floor and a separate access to the upper floors and the property has been used for estate agency for a number of years.

The accommodation is as follows:-

Retail/office -

Approx. 49m2/527ft2 (gross) with additional windows to the side elevations, suspended ceiling, air conditioning and a partitioned office at the rear of approx. 8.7m2/93ft2 plus a large cupboard off.

First Floor -

There is a staircase off the general reception on the ground floor leading to the first floor landing and further offices as follows:-

Office 1 -

Approx. 18.55m2/200ft2, to frontage with wide bay window.

Office 2 -

Approx. 20.67m2/222ft2, currently partitioned to form an inner hallway and two offices off approx.:

Office 2 approx 9.10m2/98ft2.
Office 3 approx 8m2/86ft2.

Office 4 -

Approx. 18.5m2/200ft2, to frontage with wide bay windows.

Kitchenette -

Approx. 4.2m2/45ft2.

Toilets -

With inner lobby and separate cubicles off.

Office 5 -

Approx. 18.55m2/200ft2, to frontage with wide bay window.

Services -

We understand that all mains services are connected or available, including a gas fired central heating system, a fire alarm system and air conditioning to the ground floor sales area.

None of the services have been checked or tested.

Rateable Value -

From enquiries from the Valuation Office Agency website we understand the property is currently assessed, in accordance with the 2017 assessment as follows:-
Description: Shop and Premises
RV: £12,500

Interested parties should make their own enquiries of the Rating Authority on 01507 601111.

General Remarks -

The premises are found in the heart of the business centre of this highly regarded market town, close to all facilities and amenities with on-street parking outside and close by. The premises are highly visual and would lend themselves to a variety of uses but have been used, for many years, as office accommodation and offer some flexibility on the upper floors.

The premises are available on a new lease term by negotiation on full repairing and insuring terms, the ingoing party will be required to make a contribution towards the landlord’s legal costs.

Rental -

£14,500 per annum, exclusive of outgoings.

For Sale -

£165,000 as freehold with full vacant possession.

Vat -

Please note that the rent is quoted net of VAT.

Viewing -

Highly recommended, strictly by appointment with the agent’s Louth office on 01507 602264.

Download Brochure

How much is your property or land worth?

Free, no-obligation valuation for all properties or land in Lincolnshire and surrounding areas

Book a valuation
  • naea-logo
  • rics-logo

01507 602 264

1 Queen Street, Louth, Lincolnshire LN11 9AU