New Market Hall

 

To Let £475

Louth


TO LET

Niche retail unit Approx 30.07 sq m/331 sq ft Traditional shop front Available on a new lease EPC Rating TBC

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 30.7 sq m/331 sq ft with a frontage of some 15 ft 4 ins/4.57 m with a traditional shop front and side entrance door .

Services -

Mains electricity The services have not been tested.

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:-
RV:- £4,500

All enquirers should make their own investigations.

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 -

£5,700 per annum, including service charge, and VAT.

General Remarks -

The subject property has the benefit of direct footfall from Cornmarket and Rosemary Lane entrances,. The shop would be suitable for a wide number of uses, subject to appropriate approvals and consents.

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