Mercer Row

 

For Sale £295,000

Louth, Lincolnshire

Key Features

  • 3 Storey Retail Premises
  • Prime Town Centre location
  • Approx. 274.8 sq.m / 2957 sq.ft NIA
  • Potential development opportunity at 1st & 2nd floor levels
  • EPC Rating - D

Retail premises arranged over three floors in an excellent high footfall town centre location available.


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.

Located in a central position within town, the property benefits from a prime location with neighbours including well-established national retailers, including Boyes, Lloyds Bank, Boots, and Cafe Nero.

DESCRIPTION -

The property comprises mid-terraced retail premises arranged over three floors. The first and second floor levels have previously been used as office and storage space, however, there is potential for conversion, subject to relevant planning permissions.

ACCOMMODATION -

GROUND FLOOR -

SALES AREA & OFFICES -

115.5 sq.m / 1,243 sq.ft.

FIRST FLOOR -

OFFICE/CONSULTATION ROOMS -

85.6 sq.m / 921 sq.ft

KITCHEN -

7.1 sq.m / 76 sq.ft

WCs -

SECOND FLOOR -

STORES & STAFF ROOM -

66.6 sq.m / 717 sq.ft

WC -

SERVICES -

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

RATEABLE VALUE -

Enquiry of the VOA website indicates:-
Description – Shop & premises
Rateable Value – £20,250
Rating Authority – East Lindsey District Council.

AGENT'S NOTE -

The vendor would also consider a lease on the property, subject to negotiation.

VIEWING -

Strictly by appointment with the sole agents, TES Property.

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