Eastgate, Louth, Lincolnshire, LN11

The property comprises a substantial former bank, laid out over 2 floors, formerly providing ground floor customer/trading areas and on the upper floors ancillary office accommodation.
The building has full planning permission for conversion into 5 x two bedroom apartments, 3 at ground floor level and 2 on the first floor, with access taken from the side.

EPC:
Current rating: E107

But the apartments will need reassessing following completion of the refurbishment/alterations of works. 

LOCATION
Louth is a thriving market town with a wealthy population of just under 20,000 and a predominately rural catchment of over 30,000.

The town is highly regarded for its healthy mix of national and independent traders including White Stuff, Caffe Nero, a new Loungers and a variety of businesses offering top quality local produce such as Luck of Louth and Coopers Antique Dealers.

Eastgate is a well established town centre trading location, surrounded by an abundance of surfaced car parking. The western end of Eastgate where the subject property is located is mixed use in character, with a variety of commercial and residential occupiers nearby. This includes the town's main Post Office. 

Louth sits in a strategic location just off the A16 which links Boston to the south with Grimsby to the north east. Lincoln is about 25 miles south west.

SERVICES
We understand that all mains services are available and connected to the property. These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.

TOWN & COUNTRY PLANNING
We understand that the property has consent for uses falling within Class E (Commercial, Business and Service Uses) of the Town and Country Planning (Use Classes) Order 1987 (as amended), following the recent changes to the Use Classes Order introduced in early September 2020.  This would allow the property to be used for a variety of different retail, office and restaurant uses without needing a new planning permission.  Alternative uses may be appropriate subject to receipt of the necessary Planning Consent.

The property we understand is not Listed but is located within a Conservation Area.

TENURE
The property is available Freehold with vacant possession on completion.

PRICE
£300,000

VAT
VAT may be charged in addition at the prevailing rate.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.