Eastgate, Louth

Investment property currently leased to a menswear retailer with storage over.

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 -

Main Shop - 4.98m x 3.95m (16'4" x 12'11") -

Lobby - 2.40m x 2.00m (7'10" x 6'6") -

Rear Showroom - 11.43m x 4.95m (37'5" x 16'2") -

Staircase To -

First Floor -

Room 1 - 3.45m x 2.49m (11'3" x 8'2") -

Room 2 - 3.41m x 2.46m (11'2" x 8'0") -

Room 3 - 3.3m x 2.43m (10'9" x 7'11") -

Kitchen - With single drainer stainless steel sink unit with base and wall cupboards.

Toilet - With low level w.c.

Outside - The property fronts directly onto Eastgate.

Tenancy - We understand that the shop is under lease from 1st November 2022 on a 3 year lease at a rent of £13,000 per annum.

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 - £11,750
Rating Authority - East Lindsey District Council.

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

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