Aswell Street

 

For Sale £119,000

Louth, Lincolnshire

Key Features

  • Mixed investment for sale
  • Walking distance to town centre
  • Close to pay & display parking facilities and local schools
  • First floor self-contained flat let on AST
  • Achieving approx. £11,160 per annum exclusive
  • EPC Ratings: Shop - D / Flat - D

Investment property comprising shop and 2 bedroomed flat achieving approx. £11,160 per annum exclusive.

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.

ACCOMMODATION -

36 ASWELL STREET -

GROUND FLOOR -

SHOWROOM 1 - 5.53m x 3.102m (18'1" x 10'2")

SHOWROOM 2 - 2.99m x 3.24m (9'9" x 10'7")

OFFICE - 1.81m x 2.46m (5'11" x 8'0")

STOCK - 3.74m x 3.04m (12'3" x 9'11")

STORE - 4.4m x 2.25m (14'5" x 7'4")

With boiler serving ground floor and first floor flat, and door to rear yard.

WC -

With wc and wash hand basin.

OUTSIDE -

REAR YARD -

With shared passageway.

BRICK STORE - 2.39m x 1.84m (7'10" x 6'0")

34 ASWELL STREET -

ENTRANCE LOBBY - 1.4m x 2.17m (4'7" x 7'1")

With staircase to first floor, radiator.

FIRST FLOOR -

LANDING -

BATHROOM - 1.33m x 2.45m (4'4" x 8'0")

With wc, wash hand basin, bath with electric shower and panelled walls.

KITCHEN - 2.92m x 3.25m (9'6" x 10'7")

With wall, base and drawer units, space for fridge freezer, stainless steel sink and drainer, space for washing machine, electric hob and oven.

LIVING ROOM - 3.18m x 5.76m (10'5" x 18'10")

With radiator, single glazed windows and loft access.

BEDROOM 1 - 4.25m x 2.98m (13'11" x 9'9")

With radiator, single glazed windows.

HALLWAY -

With cupboard with wc.

BEDROOM 2 - 2.53m x 4.72m (8'3" x 15'5")

TENANCIES -

36 Aswell Street is under lease expiring 6th May 2025 at a rent of £450.00 per calendar month.
34 Aswell Street is under an AST at a rent of £480.00 pcm

RATEABLE VALUE -

Enquiry of the VOA website indicates:-
Description – Shop and premises
Rateable Value – £3,750
Rating Authority – East Lindsey District Council.

COUNCIL TAX BAND -

East Lindsey Council Tax Band – A

EPC ASSESSMENTS -

Shop – D
Flat – D

SERVICES -

Mains services are understood to be available. The agents have not inspected or tested any of the services or service installations and tenants should make their own enquiries.

LEGAL COSTS -

The ingoing tenant will be responsible for the landlord’s reasonable legal costs.

VAT -

Please note, all prices quoted may be subject to VAT unless stated otherwise.

VIEWING -

Strictly by appointment with the sole agents, TES Property.

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6-8, Cornmarket, Louth, Lincolnshire LN11 9PY