Eastgate, Louth

Investment property for sale due to retirement comprising shop and 5x flats.

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.

The property is situated on Eastgate, in a well-established, high footfall area of the town centre with neighbouring occupiers include Argos, Superdrug and Heron.

Accommodation -

Shop - 4.695m max x 15.377m (15'4" max x 50'5") -

Wc X2 -

Stores - Various stores, including Cold Store, totalling approx. 104.87sq.m / 1,129sq.ft.

Flat A - 1 bedroomed flat under an AST at a rent of £350.00 per calendar month.

Flat B - 2 bedroomed flat under an AST at a rent of £450.00 per calendar month.

Flat C - 1 bedroomed flat under an AST at a rent of £260.00 per calendar month.

Flat D - 2 bedroomed flat under an AST at a rent of £400.00 per calendar month.

Flat E - Bedsit under an AST at a rent of £380.00 per calendar month.

Rateable Value - Enquiry of the VOA website indicates:-
Description - Shop and premises
Rateable Value - £17,000
Rating Authority - East Lindsey District Council.

Council Tax Band - East Lindsey Council Tax Band - A

Epc Assessments - Shop - TBC
Flat A - E
Flat B - E
Flat C - E
Flat D- E
Flat E - TBC

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.

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

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