About this property

Detailed Description

The property comprises a mid-terraced, predominantly Retail Unit spread over three floors. Internally, the ground floor has been subdivided to create a sales area and three offices. We believe that the majority of the existing ground floor walls are stud partitions which could be removed to increase the size of the Retail area substantially.
The first floor has been sub-divided to create seven offices/consultation rooms, 2 x WC's and a kitchen. The second floor is primarily storage space with a staff room and WC.

Location

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

The subject property is located in the centre of the Town in an excellent trading opportunity. Neighbours include Lloyds Bank, Boots and Cafe Nero.

Accomodation

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

Ground Floor - Sales Area & Offices (Overall) - 115.5 sq m / 1,243 sq ft
First Floor - Offices / Consultation Rooms - 85.6 sq m / 921 sq ft
First Floor - Kitchen - 7.1 sq m / 76 sq ft
First Floor - WC's
Second Floor - Stores & Staff Room - 66.6 sq m / 717 sq ft
Second Floor WC
Total NIA - 274.8 sq m / 2,957 sq ft

Business Rates

We believe that property is assessed under the 2023 Rating List as a Shop & Premises with a Rateable Value of £20,250.

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

For further information or to arrange a viewing please contact:

Brown & Co
5 Oakwood Road
Lincoln
LN6 3LH

William Gaunt
01522 504322
07919 694235
william.gaunt@brown-co.com

James Cameron
01522 457172
07768 465753
james.cameron@brown-co.com

VAT

We understand that the property is not elected for VAT.

Legal Costs

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

Other

TOWN AND 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.

EPC
The property has an EPC rating of D92.

Terms

RENTAL TERMS
The property is available at a rent of £25,000 per annum exclusive of VAT and buildings insurance premium.

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