About this property

Detailed Description

The property comprises a modern mid-terraced Retail Unit with trading space over two floors. The ground floor is predominately open plan with the first floor also having two WC's, stock room, kitchen and office. The property benefits from a lift, LED lighting and air conditioning.

Location

Louth is a popular Market Town located in East Lindsey district in Lincolnshire, approximately 14 miles South of Grimsby and 24 miles North East of Lincoln on the edge of the Lincolnshire Wolds.

The subject property is located in the centre of the Town at the busy Western end of Eastgate creating an excellent trading opportunity. Neighbours include Heron Foods, Superdrug and Edinburgh Woolen Mill.

Accommodation

The unit has been measured on a Net Internal Area basis.

Description Sq M Sq Ft
Ground Floor - Sales Area 210 2,260
First Floor - Sales Area 166.1 1,788
First Floor - Office & Stores 36.7 395
First Floor - Kitchen/Staff Room 8.4 90
First Floor - WC's - -
Total 421.2 4,533

Business Rates

We believe that property is assessed under the 2023 Rating List as a Shop & Premises with a Rateable Value of £46,000.

For further information in respect of the level of Business Rates payable, prospective tenants should contact East Lindsey District Council Tel: 01507 601111.

Services

We understand that the unit is connected to mains electricity, water and drainage.

We have not carried out any tests on any of the services or appliances present at the property and potential tenants should arrange for their own tests to ensure that any services are adequate and in good working order prior to committing to take a new lease in respect of the property.

Viewing

Strictly by prior appointment with the Sole Letting Agents:

Brown & Co
5 Oakwood Road Lincoln
LN6 3LH
Tel: 01522 457800

William Gaunt
01522 457182
07919694235
william.gaunt@brown-co.com

James Cameron
01522 457172
07768465753
James.camercon@brown-co.com

VAT

We understand that the property is elected for VAT.

Legal Costs

Each party will be responsible for their own legal costs incurred in respect of any transaction negotiated.

Other

EPC RATING
The property has a current and compliant EPC Rating of D88.

TOWN & COUNTRY PLANNING
The property has historically been used as a Shop and as such has an established use now falling under Use Class E.

For further information in respect of planning-related matters, prospective tenants should contact East Lindsey District Council Tel: 01507 601111.

Terms

LEASE TERMS
A new effective full repairing and insuring lease for a minimum term of 5 years.

RENTAL TERMS
The property is available at a rent of £50,000 per annum exclusive of VAT and buildings insurance premium.