New Market Hall

 

To Let £425

Louth


TO LET

A double fronted retail unit Approx. 407 ft²/38 m² Suitable for a variety of uses, subject to appropriate consents and approvals with a traditional double frontage including 2 separate entrance doors Available on a new lease EPC Rating C

Tenure: Leasehold


Introduction -

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 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.

Location -

This long established market hall has been refurbished recently and includes a wide range of retailers and occupiers include the Marquee Café and generates significant footfall from 3 different directions including Rosemary Lane, New Street and Cornmarket.

Sales Area -

Approx. 407 ft ²/39 m², with an internal shop front of approx.. 20’ 3”/6.1m, a double shop front including 2 separate entrance doors and plaster and emulsion finishes.

Services -

Mains electricity and water are connected. The services have not been tested. There is a communal toilet within the complex for traders and a shared loading bay off Eastgate.

Rateable Value -

From enquiries of the Valuation Office Agency website, we understand that the property is currently assessed in accordance with the 2017 revaluation as follows:-
RATEABLE VALUE
From enquiries of the Valuation Office Agency website, we understand that the property is currently assessed in accordance with the 2017 revaluation as follows:-

Description: Retail unit
RV: – £2,900 – Unit 11
RV: – £2,550 – Unit 12

The unit in its present form, may need to be reassessed.

Tenure -

The unit is available on a new lease, on internal repairing terms. The ingoing partY will be expected to be responsible for the landlord’s legal costs.

Rental -

£425 pcm inclusive of VAT and Service Charge

General Remarks -

This double unit has for many years been the pet shop and is now available with full vacant possession. The centre has been refurbished and improved and would be suitable for a variety of uses, subject to appropriate consents and approvals and may be suitable for an office type A2 use.

Viewings -

Strictly by appointment through the agent’s Louth office (01507) 602264.

Measurements -

All measurements given in these detailed particulars follow “The Code of Measuring Practice” of the RICS. It should be noted that the measurements are given for general guidance and in some cases measurements are stated as being “overall” which indicates that the area of accommodation being described is not rectangular in shape and the measurements given are maximum measurements taken across the area of accommodation in question at its widest point.

Misdescriptions Clause -

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 through the agents Turner Evans Stevens but they do not constitute an offer or contract.

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01507 602 264

survey@tes-property.co.uk

1 Queen Street, Louth, Lincolnshire LN11 9AU