Mercer Row, Louth

An excellent opportunity to acquire ‘Chameleon’, a well-established ladies’ fashion and accessories business, occupying a prime corner location in Louth’s busy town centre. The sale includes all fixtures, fittings, and goodwill, with a new lease to be agreed.

Description - An excellent opportunity to acquire Chameleon, a well-established business specialising in ladies’ fashion, footwear and accessories, occupying a prime retail position on Mercer Row, one of the main shopping thoroughfares in the historic Lincolnshire market town of Louth. The business is available as a going concern, with fixtures, fittings, stock and goodwill included in the sale price. A new lease will be made available by negotiation.

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.

The property occupies the corner position on Mercer Row with Butcher Lane.

Ground Floor Shop Unit - The business is currently occupying the ground floor area which we understand will be available on a new lease on terms to be agreed.

Lobby & Wc -

Store Room -

2X Changing Rooms -

Services - Some 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 - £10,500
Rating Authority - East Lindsey District Council.

Accounts - Accounts available on request following successful viewing.

Legal Fees - Each party will be responsible for their own legal costs in relation to the sale.

Agent's Note - Business is available to purchase as a going concern, with fixtures, fittings, stock and goodwill included in the sale price.

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

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