Shop for sale

Eastgate, Louth, Lincolnshire

Under Offer £150,000

Property Description

Key features

  • Two Retail Shops
  • Upper Floors to No. 118
  • Town Centre Location
  • EPC Exempt
  • No. 118 Requires Renovation
  • Vacant Possession to No. 118

Full description

A Grade II Listed property situated on the town's retail high street. The property consists of two shops with No 118 vacant and having a shop, upper floors, rear yard & workshop and No.120 subject to a verbal lease agreement.

Location - Louth is an attractive market town with a population of approximately 17,000. The town is well known for its mixture of national and independent traders, including, W.H. Smith, Cafe Nero, Boots the Chemist etc. The property is situated on a busy high street in the centre of the town within close proximity of public car parks.

Description - The property is a traditional brick and pantile building reputedly built in 1797 as a farm labourer's cottage for a farm in Queen Street.
No. 118 has been used a a butchers for many years but is currently vacant & although requires some renovation we are informed that both No 120 & 118 were rewired some five years ago.
No.120 is a one room lock up shop which has been let to the current tenants for many decades as a poultry and game butchers.

No. 118 -

Ground Floor -

Retail Area - 4.08m x 3.90m (13'5" x 12'10") - With shop counter and shelving.

Preparation Area - 3.58m x 3.19m & 4.18m x 2.40m () - With storage cupboard, access door to rear yard.

Preparation Area - 5.95m x 3.57m (19'6" x 11'9") - This is a separate building with access across the rear yard.

First Floor -

Preparation / Storage Room - 5.27m max x 4.08m (17'3" max x 13'5") -

Preparation / Storage Room - 4.19m max x 4.05m (13'9" max x 13'3") - Containing refrigeration unit.

Office - 2.46m x 3.24m (8'1" x 10'8") -

W/C -

Store - 3.24m x 2.44m (10'8" x 8'0") - With w/c off.

Second Floor -

Attic Room - 3.70 x 2.92m & 2.70m x 0.51m () - Requiring refurbishment with access to remainder of the roof space.

Outside - The rear yard contains a passageway leading back to the high street and also the access door to the staircase leading to the first floor. Within the yard are large refrigeration units.

Rateable Value - According to the Valuation Office Agency Website the properties have the following description and rateable values for the 2017 list.

No. 118 - Shop and premises - £5,300.

No. 120 - Shop and premises - £3,400.

Services - We understand that No. 118 has mains water, electricity, gas and drainage and that No. 120 is connected to mains electricity only.

Lease - No. 118 is vacant and we understand the tenant of No. 120, A. Dales & Sons, has been in occupation for a number of decades and we are informed by the sellers that it is a verbal lease at a current rent of £2,500 per annum.

Vat - Please note that this may be charged in addition to the sale price.

Tenure - Understood to be freehold with No. 120 subject to a lease.

Legal Costs - Each party will be responsible for their own legal costs incurred in the sale of the property.

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More information from this agent

Nearest station

  • Cleethorpes (13.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Taylors, Louth

14-16 Cornmarket Chambers, Louth, Lincolnshire, LN11 9PY

01507 640023 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Cleethorpes (13.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Taylors, Louth

14-16 Cornmarket Chambers, Louth, Lincolnshire, LN11 9PY

01507 640023 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 29086040. 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 John Taylors, Louth. 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.

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