Shop

A substantial semi-detached three storey freehold investment property situated in a prominent town centre location and currently let as a restaurant with residential accommodation above and off-street parking.

Location - The market town of Louth is approximately 25 miles east of the city of Lincoln and approximately 16 miles south of the town of Grimsby. It has a population of around 17,000 and still retains many independent retailers as well as national retailers such as W.H. Smith, Boots the Chemists, Clarks Shoes, Lloyds, Barclays, HSBC and Nat West bank. Also within the town are three supermarkets, Co-operative, Morrisons and Aldi.

Accommodation -

Ground Floor Restaurant -

Entrance Lobby -

Bar & Waiting Area - 272sqft / 25.31sqm (892'5" /83'0") -

Dining Areas - 881.67sqft / 81.94 (2892'7" /268'10") -

Toilets -

Kitchen - 25sqm/ 269sqft (82'0" 882'7") -

First Floor Accommodation - Currently used as residential accommodation for the restaurant workers, having a separate ground floor entrance from the restaurant and comprising of one and two bedroom flat.

Second Floor Accommodation - Two bedroom flat.

Outside - To the side of the building is a driveway which leads to a large former Coach House currently used for storage and comprising:-

Ground Floor -

Garage - 28sqm/300sqft (91'10") -

Store - 21sqm / 228sqft (68'11" /748'0") -

Store - 10.37sqm/111.64sqft (34'0") -

First Floor - Disused store in poor condition.

Lease - The property is currently let on a 10 year lease for £26,000 p.a from 21st December 2018 on internal repairing & insuring terms & having a break clause in 2021

Services - We understand that the property has mains water, electricity and gas.

Rateable Value - According to the government portal the property has the following assessments:

Descriptions: Restaurant & Premisses.

Rateable Value: £19,250

Flat 1: Council Tax Band A
Flat 2: Council Tax Band A

Vat - Please note that the seller may elect to charge VAT on top of the purchase price.

You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.