Mercer Row, Louth

Large retail premises arranged over three floors available on a new lease in a prime town centre location.

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.

Description - The property is a substantial mid-terrace, double-fronted retail unit in a prime town centre location. Positioned close to the Market Place, this Grade II Listed building benefits from proximity to national retailers including Caffè Nero, Boots, Holland & Barrett, and Greggs.

Accomodation -

Ground Floor -

Retail Area - 121.30 sq.m / 1306 sq.ft

Storage - 39.70 sq.m / 427 sq.ft

First Floor -

Storage/Staff Area - 86.20 sq.m / 928 sq.ft

Second Floor -

Storage - 85.20 sq.m / 917 sq.ft

Agent's Note - The agent has not inspected the property and measurements have been taken from our joint agent's particulars for reference.

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.

Rateable Value - Enquiry of the VOA website indicates:-
Description - Shop and premises
Rateable Value - £22,500
Rating Authority - East Lindsey District Council.

Tenure - The property is available to let by way of a new Full Repairing and Insuring Lease, for a term of 5 years or multiples thereof, subject to 5 yearly rent reviews.

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

Legal Costs - The ingoing tenant will be responsible for the landlord's reasonable legal costs.

Viewing - Strictly by appointment with the agents, TES Property or joint agent, Eddisons.