About this property

Detailed Description

The property comprises a Town centre, mid-terraced Retail Unit spread over two floors. The Ground Floor comprises of a large Sales Area, Kitchen, 3 Stores and WC's. The First Floor comprises of 2 Stores.

Externally there are 3 parking spaces available to the rear. Additional parking may be available by separate negotiation.

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 situated in the centre of the Town in an excellent trading location. Neighbours include Lloyds Bank, Boots and Cafe Nero.

Accommodation

In terms of Net Internal Area the property comprises as follows:

Description | m2 | Sq.ft
Ground Floor - Sales Area | 163.6 | 1,761
Ground Floor - Kitchen | 2.7 | 29
Ground Floor - Stores | 31.4 | 338
Ground Floor - WC's | - | -
First Floor - Stores | 64.3 | 692
Total NIA | 262.0 | 2,820

Business Rates

Having carried out an online search via the Valuation Office Agency website, we believe the property is assessed under the 2023 Rating List as a Shop & Premises with a Rateable Value of £22,500. The Rateable Value from April 2026 is to be £26,750.

Prospective tenants should check the level of Business Rates payable in respect of the property via East Lindsey District Council. Tel: 01507 601111

Services

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

None of the services or appliances that are believed to be connected or available to the property have been tested by Brown & Co and prospective tenants are advised to check upon the adequacy and provision of services and utilities with the relevant Statutory Authorities prior to making an offer to lease the
property.

Viewing

For further information or to arrange a viewing please contact:

Brown&Co William Gaunt
5 Oakwood Road 01522 504322
Lincoln 07919 694235
LN6 3LH william.gaunt@brown-co.com

VAT

We have been advised that VAT will not be charged on the rent.

Legal Costs

Each party is to be responsible for their own legal costs incurred in respect of any letting negotiated.

Other

EPC
The property has an EPC rating of D77 which expires on the 22nd June 2035

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.

Terms

LEASE TERMS
A new effective full repairing and insuring lease is available for a minimum term of 3 years.

RENTAL TERMS
The quoting rent is £19,500 per annum