Market Place, Louth

Town centre retail premises occupying a prominent position within Louth’s Market Place, benefiting from excellent pedestrian footfall and visibility and suitable for a variety of uses, subject to relevant permissions.

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 a prominent position within Louth’s Market Place, benefiting from high levels of pedestrian footfall and close proximity to a variety of established national and independent retailers. The location provides excellent visibility within the heart of the town centre and is well suited to a range of retail uses.

Accommodation -

Ground Floor - Frontage: 13'6" / 3.96m
Internal width: 11'3" / 3.43m
Shop depth: 76'9" / 23.38m
Sales area: 747 sq. ft. / 69.4 sq. m.
ITZA: 345 units

First Floor - Sales/ Office: 680 sq. ft. / 63.2 sq. m. including Staff kitchen and toilet/washroom

Second Floor - Office/ storage 229 sq. ft. 21.27 sq. m.

Services - We understand that mains and emergency electrical systems have been serviced, tested and a certificate issued by a qualified electrical company. The fire detection and alarm system will be serviced, tested and certified to the landlord’s account, at the commencement of the tenancy.

Lease Terms - A Full Repairing and Insuring lease is offered for a term of 10 years with a rent review at the fifth year, at a rental of £14,750 per annum exclusive of rates and services.

Rateable Value - Enquiry of the VOA website indicates:-
Description - Shop and premises
Rateable Value - £13,750
Rating Authority - East Lindsey District Council.

References - The usual bank, landlord and two trade references will be required.

Legal Costs - Both parties' legal costs to be borne by the ingoing tenant.

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

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