Queen Street, Louth

Investment property for sale comprising café, takeaway and flat currently achieving approx. £15,540 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 -

13 Queen Street -

Retail Area - 3.938m x 3.58m (12'11" x 11'8") - With electric cupboards and step up to:

Kitchen - 3.93m x 3.63m max (12'10" x 11'10" max) - With stainless steel sink and drainer, Heatstore hot water tap, and base storage.

Prep Area - 1.738m x 5.48m (5'8" x 17'11") - With wall and base units.

Wc - With wc and wash hand basin.

13A Queen Street -

Kitchen Diner - 3.9m x 2.74m (12'9" x 8'11") - With wall, base and drawer units, 4 ring gas hob, oven and grill, 1 1/2 bowl sink and drainer, wall mounted boiler, roll top worktops, store cupboards and radiator.

Landing - With loft access hatch.

Bedroom 1 - 3.65m x 3.625m (11'11" x 11'10") - With radiator and cupboard.

Bathroom - 1.3m x 2.167m (4'3" x 7'1") - With shower cubicle, wc, wash hand basin and radiator.

Living Room/Dining Room - 6.48m x 3.96m (21'3" x 12'11") - With walk in bay window and loft access hatch.

Bedroom 2 - 5.91m x 2.7m (19'4" x 8'10") - With single glazed windows.

15 Queen Street -

Servery - 3.788m max x 6.41m (12'5" max x 21'0") -

Prep Area - 2.52m max x 5.812m max (8'3" max x 19'0" max) -

Cold Store - 1.29m x 1.81m (4'2" x 5'11") -

Store - 2.93m x 2.95m (9'7" x 9'8") -

Additional Stores -

Lobby - 1.25m x 1.5m (4'1" x 4'11") -

Lobby - 1.77m x 1.78m (5'9" x 5'10" ) -

Wc - With wc and wash hand basin.

Outside -

Rear Courtyard - Shared with 13C.

Tenancies - 13 Queen Street is under lease at a rent of £400.00 pcm.
13a Queen Street is under an AST at a rent of £400.00 pcm.
15 Queen Street is under lease commencing 14 March 2024 on an annual contract at a rent of £495.00 pcm.

Rateable Value - Enquiry of the VOA website indicates:-
13 Queen Street
Description - Shop and premises
Rateable Value - £4,400
15 Queen Street
Description - Shop and premises
Rateable Value - £5,200
Rating Authority - East Lindsey District Council.

Council Tax Band - East Lindsey Council Tax Band - A

Epc Assessments - Cafe - B / Takeaway - TBC / Flat - 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.