Aswell Street


For Sale £30,000

Louth, Lincolnshire


Excellent established Café/Restaurant Good secondary trading position Ground Floor Net internal area 65sqm/700sqft New lease available (subject to landlords’ approval) EPC Rating C

Tenure: Leasehold

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 business is trading from a property situated on Aswell Street, which is a good secondary trading part of the town centre.

Accommodation -

Recessed entrance doorway to:

Main Cafe/restaurant -

.52m x 8.92m with serving counter, drinks storage and making facilities, and display units.

Toilet -

With WC and wash hand basin

Food Prep Area -

2.61m x 2.01m with stainless steel sink and drainer, stainless steel food prep counters.

Kitchen -

2.2m x 8.94m with fully fitted catering kitchen

First Floor -

Accessed via staircase off the main café/restaurant

Lounge -

2.126m x 5.075m

Seating Area -

3.5m x 3.71m

Seating Area -

3.105m max x 4.28m max

Kitchen -

2.95m x 4.281m max with dishwasher, oven, stainless steel sink and drainer, fridge, coffee machine, cupboard housing boiler, and worktops with base storage units

Toilet -

With WC wash hand basin, and baby changing facilities

Lease -

The business currently operates from 28 Aswell Street, Louth on a lease for £9,600 per annum

Business Accounts -

A copy of the trading accounts can be made available on request.

Services -

We understand that mains electricity, gas 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 business.

Rateable Value -

Enquiries to the Valuation Office Agency (VOA) website indicates the rating assessment from the 18th September 2017 as;

Description: Café & Premises
Rateable Value: £5,100.

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

1 Queen Street, Louth, Lincolnshire LN11 9AU