Northgate

 

For Sale £87,500

Louth, Lincolnshire


FOR SALE
MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT
TOWN CENTRE PROPERTY
LOCK UP SHOP ON LEASE
ONE BEDROOM FIRST FLOOR FLAT
TOTAL INCOME £7,320 PA

Tenure: Unknown


Introduction -

A town centre two storey investment property situated close to Louth Post Office and with easy reach of the town centre.

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 secondary schools, banks and shopping facilities. The town is famous for its sole proprietor independent retailers, including butchers, bakers and specialist clothing shops 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 a Co-operative, Morrison’s and Aldi.

Shop -

4.35m x 7.35m maximum

Rear Store -

3.79m x 2.64m overall
Toilet and bath
The shop is let on a 5 year lease at £350 pcm

Flat -

Let on an assured Shorthold Tenancy at £260 pcm

Agents Note -

Current management of the flat is by Stevens Property Management Limited.
Any interested parties are advised to consult them regarding all aspects of management, as fees may be appropriate.

Rateable Value -

Flat: Council Tax Band

Viewing -

Strictly by appointment with the selling agents in Louth 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

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1 Queen Street, Louth, Lincolnshire LN11 9AU