6-12 New Street & 38 Eastgate, Louth, Lincolnshire, LN11
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- For Sale
- Multi let mixed use investment
- 4 shops and 2 flats
- Town Centre Location
- Overall area 3156 sqft (293.1 sqm)
- Gross annual income £35,640 pax
- Leases & AST's available
- Well maintained building
- EPCs range from E to C
Description
An excellent opportunity to acquire this excellent quality mixed use town centre investment property. The property is fully let and comprises 4 shops and 2 flats within the same block. The property always re lets well and is in a prominent position between the main market and Cornmarket.
Location
The property is situated in a highly prominent position on the corner of Cornmarket and New Street within the market place and town centre. Louth is a market town and civil parish in the East Lindsey district of Lincolnshire. Louth serves as an important town for a large rural area of eastern Lincolnshire. Visitor attractions include St James' Church, Hubbard's Hills, the market, many independent retailers, and Lincolnshire's last remaining cattle market. Louth holds market days on Wednesdays, Fridays, and Saturdays. There is a farmers' market on the fourth Wednesday of each month. A cattle market is held each Thursday at the Louth Livestock Centre on Newmarket. The town is 15 miles south of Grimsby and 27 miles east of Lincoln.
ACCOMMODATION
The accommodation is arranged in part over 3 floors in accordance with the attached plan and has the following floor areas.Ground Floor = 1380 sqft (128.2 sqm)First Floor = 1353 sqft (125.6 sqm)Second Floor = 423 sqft (39.2 sqm)Overall area = 3156 sqft (293.1 sqm)
PLANNING
The buildings have established A1 retail and C3 residential uses.
SERVICES
Mains electricity, water and drainage are connected to the properties
TENURE
The property is fully let and is being offered for sale subject to the existing leases. Copies of the leases and AST's will be made available to seriously interested parties. The property has a gross rent income of £35,640 pax.
RATES
The property has the following rateable values and council taxes.6 New Street = £46508 New Street = £4200 12 New Street = £290038 Eastgate = £4550 10a New Street = Council Tax A10b New Street = Council Tax A
Energy Performance Certificate
The property has the following EPCs6 New Street = E8 New Street = D12 New Street = C38 Eastgate = E 10a New Street = C10b New Street = D
LEGAL COSTS
Each party are responsible for their own legal costs.
VAT
The price is exclusive of VAT if applicable.
LOCAL AUTHORITY
East Lindsey District Council The Hub Mareham RoadHorncastle LN9 6PH Tel
VIEWINGS
Contact Pygott & Crone Commercial 36a Silver Street Lincoln LN2 1EWTel
6-12 New Street & 38 Eastgate, Louth, Lincolnshire, LN11
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cleethorpes Station13.5 miles
Notes
Disclaimer - Property reference 10665127. 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 PYGOTT & CRONE COMMERCIAL, 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.
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