Eastgate

 

For Sale £350,000

Louth, Lincolnshire

Key Features

  • Retail/office space
  • Prominent town centre position
  • High footfall
  • Ideal for numerous uses (STC)
  • Outline Planning consent granted 2022 for 3 terrace houses and 1 first floor flat in former car park
  • Price including development site £500,000.
  • EPC Rating - C (Ground Floor)

This former bank premises occupies a prominent position on Eastgate and provides an excellent opportunity in a popular Market Town.

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.

The former bank premises occupies a prominent position on Eastgate and provides an excellent opportunity in a popular Market Town.

ACCOMMODATION -

GROUND FLOOR -

MAIN RETAIL/OFFICE SPACE -

8.7m max x 10.8m max

FORMER SAFE ROOM -

5.2m x 2.97m

GLASS FRONTED OFFICE -

3.8m x 3.2m

STORE -

1.5m x 4.7m

STORE -

2.43m x 2.00m

Staircase leading to: -

CLEANER'S CUPBOARD/STORE -

1.1m x 2.8m

TOILETS -

2x cubicles with low flush wc’s and 2x wash handbasins.

KITCHEN/STAFF ROOM -

4.9m x 3.06m with stainless steel sink and drainer, wall, base and drawer units.

HALLWAY -

With exit to the rear of the property.

FIRST FLOOR -

HALLWAY -

With distribution board in cupboard.

OFFICE 1 -

3.98m x 4.25m

OFFICE 2 -

3.97m x 1.98m

OFFICE 3 -

4.1m x 3.97m

BOILER ROOM -

3.365m x 1.59m with Viessmann boiler.

HALLWAY -

MEETING ROOM 1 -

3.79m x 3.43m

MEETING ROOM 2 -

3.13m x 3.99m

VAULT -

1.89m x 3.63

GENTS W.C. -

REAR STAIRWELL -

SECOND FLOOR -

ROOM 1 -

9.95m x 4m

ROOM 2 -

3.3m x 6.1m

KITCHEN -

2.645m x 3.4m with wall, base and drawer units, stainless steel sink and drainer.

REAR DEVELOPMENT SITE WITH OUTLINE PP -

Outline Planning Permission has been granted for 3 terrace houses and 1 first floor flat to be constructed in the former car park to the rear of the property, under reference: N/105/01465/22. A full copy of the planning consent and plans of the proposed development are available upon request.
The site is available to purchase with the property for a total asking price of £500,000.

BUSINESS RATES -

Enquiry of the VOA website indicates:-
Description – Bank and premises
Rateable Value – £28,250
Rating Authority – East Lindsey District Council.

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.

VAT -

All prices quoted are exclusive of 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