Queen Street, Louth

Investment property for sale comprising café and mid-terraced house currently achieving approx. £12,800 per annum exclusive.

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 -

54 Queen Street -

Cafe - 4.11m x 3.376m (13'5" x 11'0") -

Servery - 4.059m x 2.01m (13'3" x 6'7") -

Kitchen - 2.54m x 3.55m (8'3" x 11'7") -

56 Queen Street - Mid-terraced house

Living Room - 3.58m x 4.28m (6.052m max) (11'8" x 14'0" (19'10" - With storage cupboard, window to front and radiator.

Kitchen/Dining - 4.245m x 4.288m (13'11" x 14'0") - With wall, base and drawer units, stainless steel sink and drainer, electric oven and hob with extractor, tiled splashbacks, radiator, glass panel to roof and window to side.

Toilet - With wc and wash hand basin.

First Floor -

Bedroom 1 - 3.53m x 3.06m (11'6" x 10'0") - With cupboard, radiator and windows to front.

Bedroom 2 - 2.55m x 4.07m (8'4" x 13'4") - With radiator and windows to rear.

Landing - With radiator and wall mounted boiler.

Bedroom 3 - 2.45m x 4.19m (8'0" x 13'8") - With radiator and window to front.

Bathroom - 3.1m max x 2.55m max (10'2" max x 8'4" max) - With airing cupboard housing hot water cylinder, bath with electric shower over, toilet, wash hand basin, window to rear and radiator.

Bedroom 4 - 2.58m x 3.58m (8'5" x 11'8") - With radiator and window to rear.

Tenancies - 54 Queen Street is under lease commencing at a rent of £400 per calendar month.
56 Queen Street is under an AST at a rent of £625.00 pcm.

Rateable Value - Enquiry of the VOA website indicates:-
Description - Café and premises
Rateable Value - £2,800
Rating Authority - East Lindsey District Council.

Council Tax Band - East Lindsey Council Tax Band - A

Epc Assessments - 54 Queen Street - TBC
56 Queen Street - 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.

Tenure - The property is believed to be freehold and we await solicitors confirmation.

Legal Costs - The ingoing tenant will be responsible for the landlord's reasonable legal costs.

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

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