About this property

Detailed Description

The property is a mid-terraced two storey Retail Unit located on Eastgate, Louth. The Ground Floor comprises of a Sales Area with a Kitchen & Store (former WC). The First Floor comprises of 2 Offices/Stores and the Second Floor comprises of 2 Offices/Stores and a WC.

Location

Louth is a popular Market Town with a population of approximately 17,000 people 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 B&M, Clarks and St Barnabas.

Accommodation

The property has been measured on a Net Internal Area basis:
Description | m2 | Sq.ft
Ground Floor - Sales Area | 42.1 | 453
Ground Floor - Kitchen | 9.5 | 102
Ground Floor - Store (former WC) | 2.3 | 25
First Floor - 2 Offices/Stores | 28.4 | 306
Second Floor - 2 Offices/Stores | 21.2 | 228
Second Floor - WC | - | -
Total NIA | 103.5 | 1,114

Business Rates

The property is currently assessed under the 2026 Rating List as a Shop and Premises with a Rateable Value of £8,800.

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

Services

We understand that the property is connected to mains gas, electricity, water and drainage. Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to take a new lease in respect of this property

Viewing

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

VAT

We understand that VAT will not be charged upon the rent

Legal Costs

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

Other

TOWN AND COUNTRY PLANNING
The property has been used as a Retail Shop and as such has an established use which is now covered by Use Class E of The Use Classes Order 2020. We would recommend that prospective tenants discuss any planning-related enquiries with the Planning Department at East Lindsey District Council prior to
making an offer to take a new lease in respect of this property. Tel: 01507 601111.

EPC
The property has an EPC Rating of TBC

Terms

LEASE & RENTAL TERMS
The property is to be made available by way of a new full repairing and insuring lease for a minimum term of 3 years at an initial rent of £12,000 per annum.