Eastgate, Louth

Investment property for sale in prime town centre location currently let to shop.

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 -

Ground Floor -

Retail Shop Unit - 2.86m internal frontage x 22.7m overall depth with recessed entrance doorway, staircase to first and second Floor.

Cloakroom - 1.16m x 2.03m (3'9" x 6'7") -

Toilet - 1.07m x 1.24m (3'6" x 4'0" ) - With WC.

Staff Room - 2.31m x 4.56m (7'6" x 14'11") - With sink and drainer, gas central heating boiler.

First Floor - Landing stretching 12.62m x 2.5m max

Store Room - 2.24m x 11.34m (7'4" x 37'2") -

Office - 3.43m x 4.36m (11'3" x 14'3") -

Second Floor -

Office - 3.59m x 3.537m (11'9" x 11'7") -

Toilet - 2.2m x 2.3m (7'2" x 7'6") - With WC and basin.

Tenancy - We understand the property is currently let on a lease with a rent of £750 per calendar month.

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.

Rateable Value - Enquiry of the VOA website indicates:-
Description - Shop and premises
Rateable Value - £9,300
Rating Authority - East Lindsey District Council.

Legal Costs - Each party will be responsible for their own legal fees in relation to the sale.

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

Viewing - Strictly by appointment with the sole agents, TES Property.