Eastgate

 

For Sale £315,000

Louth

Key Features

  • FOR SALE AS PART INVESTMENT
  • Ground Floor retail of 176sq.m/1890sq.ft approx. NIA
  • 3 Bedroom flat above achieving income of £500.00 pcm
  • Separate access to flat
  • Grade II Listed Building
  • EPC: 122 = E / 122A = D

•Ground Floor retail of 176m2/1890ft2 approx. NIA
•3 Bedroom flat above achieving income of £500.00 pcm
•Separate access to flat
•Grade II Listed Building
•EPC: 122 = TBC / 122A = TBC


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 -

RETAIL SHOP UNIT -

Of irregular layout but provides an internal frontage of 5.84m and an overall depth of 32.31m. The shop has a net internal area of 176sq.m.

LOBBY WITH KITCHEN -

1.71m < 2.16m x 2.00m with stainless steel sink and drainer with boiler.

TOILET -

Low flush W.C.

OUTSIDE -

Small outside yard space accessed off the lobby.

FLAT -

Accessed via passageway to the side of the property to a staircase leading to the balcony courtyard area for the flat at first floor level with doorway to the self-contained flat.

HALLWAY -

LOUNGE -

5.17m x 4.08m

KITCHEN -

3.25m x 2.92m with stainless steel sink and drainer and range of wall and base units, pantry cupboard.

BEDROOM 1 -

2.25m x 4.10m

BATHROOM -

1.93m x 3.25m with cupboard, panelled bath with shower over, pedestal hand wash basin and low flush W.C.

SECOND FLOOR -

LANDING -

BEDROOM 2 -

3.23m x 4.34m max with dormer window and eaves cupboard containing boiler.

BEDROOM 3 -

2.87m x 4.41m max with dormer window and eaves storage.

TENANCIES -

The first floor flat is currently rented on an AST at £500.00 per calendar month.

BUSINESS RATES -

Enquiry of the VOA website indicates:-
Description – Shop and premises
Rateable Value – £13,750
Rating Authority – East Lindsey District Council on 01507 601111.

ENERGY PERFORMANCE CERTIFICATES -

Ground Floor = E / 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.

VAT -

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

VIEWING -

Strictly by appointment with the sole agents, TES Property on 01507 601633.

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