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4 bedroom pub for sale

Eastgate, Louth, Lincolnshire, LN11

Guide Price* 2,154 sq. ft. | £160,000

Property Description

Commercial information

  • 2,154 sq ft (200 sq m)
  • Use class orders: A4 Drinking Establishments

Key features

  • Potential for alternative use - STP
  • Attractive and affluent market town
  • Grade II Listed
  • GUIDE PRICE: £160,000 to £190,000

Full description

A Listed public house and premises laid out over two floors with potential for alternative retail and restaurant use, with a large gravelled yard to the rear and double access doors from Eastgate into this.

The property is Listed and located in a Conservation Area. The existing use of the property is currently A4 (Drinking Establishment). Alternative uses falling within classes A1 (Retail) A2 (Financial and Professional Services) and A3 (Restaurant and Café) are viable alternative uses, without the need to secure planning permission.

The property is located on a strong retailing pitch within the centre of the prosperous market town of Louth. Lincoln is located about 25 miles to the west and Grimsby about 11 miles to the north.

The town sits close to the Lincolnshire Wolds, an Area of Outstanding Natural Beauty and has a population of circa 16,000, as well as a large rural catchment. The town was recently voted by viewers of the BBC Countryfile programme as 'Market Town of the Year' and has a very strong local retail offer, as well as a decent mix of national multiple retailers located close to the subject property, including Boots, Argos, Peacocks, Wilko, Millets, Edinburgh Woollen Mill and Clarks.

TENURE
Freehold with vacant possession on completion.

Guide Price - £160,000 - £190,000

METHOD OF DISPOSAL
The property is for sale by Auction through Lincolnshire Auction House on 22 November 2016. The location of the auction is The Gainsborough Golf Club, Belt Road, Gainsborough, DN12 1PZ, starting at 6.30 pm - unless sold prior.

VAT will be charged in addition to the price at 20% of 90% of the purchase price.




More information from this agent

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Disclaimer - Property reference JRB8391. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Banks Long & Co Ltd, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Banks Long & Co Ltd, Lincoln on 0152 241 8032.


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