Cornmarket

 

Let Agreed £17,000

Louth

Key Features

  • Grade II Listed Property
  • Town Centre Location
  • Cafe/Restaurant
  • Seating for up to 30 covers
  • Fully furnished and equiped
  • May consider sale at £275,000
  • EPC - C

An excellent opportunity to Buy/Rent a commercial unit in a high footfall area in the historic market town of Louth.

INTRODUCTION -

An excellent opportunity to Buy/Rent a commercial unit in a high footfall area in the historic market town of Louth.

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, Morrisons and Aldi.

The property itself is situated in the heart of the market place, which is in the centre of the town. All equipment and furnishings are included and are to a high specification with a vintage feel.

ACCOMMODATION -

GROUND FLOOR -

BAR & SEATING AREA - 5.78m x 4.8m (18'11" x 15'8")

With serving counter, drinks fridge, dumb waiter and numerous display units.
Staircase to First Floor Accommodation

FIRST FLOOR ACCOMMODATION -

RESTAURANT & SEATING AREA - 2.90m x 4.84m (9'6" x 15'10")

With bay window with views to the Cornmarket and a feature fireplace.

HALLWAY -

With storage space and dumb waiter.
Staircase to Second Floor Accommodation

TOILET -

With wc and wash hand basin.

SECOND FLOOR ACCOMMODATION -

KITCHEN - 4.30m x 5.7m (14'1" x 18'8")

Fully equipped stainless steel kitchen, dumb waiter, storage and loft access.

OUTSIDE -

To the rear is a shared bin store accessed on New Street.

SERVICES -

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

LEASE / SALE -

The property is available to Let at a rent of £17,000 per annum on a minimum of a 3 year lease. The landlord would consider selling the freehold at a price of £275,000.

LEGAL FEES -

Lease: The ingoing tenant will be responsible for the landlords reasonable legal fees incurred in connection with the lease.
Sale: Each party will be responsible for their own legal fees.

RATEABLE VALUE -

Enquiries to the Valuation Office Agency (VOA) website at https://www.tax.service.gov.uk/business-rates-find indicates the rating assessment from 1st April 2023 as £8,600.

VIEWING -

Strictly by appointment with TES Property office.

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01507 601 633

admin.louth@tes-property.co.uk

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