Eastgate

 

Sold STC

Louth, Lincolnshire


INVESTMENT OPPORTUNITY

Town centre shop with 65.13m²/701ft² at ground floor level. Excellent pedestrian through flow. First floor storage space of 25.39m²/273.29ft². Office space of 12.67m²/136.37ft² to 2nd floor EPC Rating D

Tenure: Leasehold


Introduction -

Louth is located in the Lincolnshire Wolds within easy reach of the Lincolnshire coast and approximately 16 miles from Grimsby via the A16 and 23 miles North East of Lincoln.

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 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.

Retail Shop Unit -

2.86m internal frontage x 22.7m overall depth with recessed entrance doorway, staircase to first and second floor.

Toilet -

1.07m x 1.24m with WC

Staff Room -

2.31m x 4.56m with sink and drainer, gas central heating boiler

First Floor -

Landing stretching 12.62m x 2.5m max

Store Room -

2.24m x 11.34m

Therapy Room -

3.43m x 4.36m

Office/treatment Room -

3.59m x 3.537m

Toilet -

2.2m x 2.3m with WC and basin

Rateable Value -

Enquiry of the Valuation Office Agency web-site indicates the property as having a rateable value of £8,500 on the 2017 rating list.

Services -

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

Lease -

The Property is currently let for a period of 3 years from 2018 at a rent of £11,750 p.a.

Legal Fees -

Both parties will be responsible for their own legal fees incurred in connection with the sale.

Vat -

All prices quoted are exclusive of VAT.

Viewing -

Through our agent’s Louth office on tel: 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