Queen Street, Louth

Exciting opportunity to acquire Cascade, a lively entertainment venue in the heart of Louth, offering drinks, music, interactive games, and two income-generating flats upstairs. Available as a going concern with fixtures, fittings, stock and goodwill included, plus all gaming machines on 50/50 profit share contracts.

Description - An exciting opportunity to acquire Cascade, a vibrant entertainment venue offering drinks, music and a wide range of interactive entertainment, located on Queen Street in the historic market town of Louth. The business is available as a going concern, with fixtures, fittings, included in the sale price plus stock at valuation. The lease also includes two self-contained flats upstairs (not inspected by the agents), currently let at £550 and £650 per calendar month.

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 located on Queen Street, close to the junction with Aswell Street in Louth town centre.

Bar Area - 5.67m x 4.52m max (18'7" x 14'9" max) -

Seating & Gaming Area - 4.06m x 3.87m + 5.76m x 4.13m (13'3" x 12'8" + 18' - With staircase to First Floor.

Dance Area - 2.96m x 4.15m (9'8" x 13'7") -

Seating - 8.32m x 3.40m (27'3" x 11'1") -

Cellar - 7.15m x 2.12m (23'5" x 6'11") - With access to roadside.

Seating - 3.32m x 7.40m (10'10" x 24'3") -

Wc - With w.c and wash hand basin.

Fridge Area - 2.11m x 1.62m (6'11" x 5'3") -

Prep Area - 2.099m x 2.49m (6'10" x 8'2") -

Kitchen - 3.71m x 4.04m (12'2" x 13'3") -

Rear Fire Escape -

First Floor Seating & Gaming - 8.52m x 4.19m (27'11" x 13'8") -

Secondary Gaming - 4.28m x 3.78m (14'0" x 12'4") -

Ladies Wc - With 3x cubicles and 3x wash hand basins.

Gents Wc - With 4x urinals, 2x cubicles, and 2x wash hand basins.

Lease - 5 year lease from 16th July 2025 with an annual rent payable of £22,000 per annum.

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 - Restaurant and premises
Rateable Value - £20,500 (rising to £23,750 from 1st April 2026)
Rating Authority - East Lindsey District Council.

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

Agent's Notes - Business is available to purchase as a going concern, with fixtures, fittings, and goodwill included in the sale price, plus stock at valuation. All machines on a 50/50 profit basis on leased contracts.

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

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