6 - 12 New Street, & 38 Eastgate, Louth
£410,000
For Sale
1/19
£410,000
For Sale
Get in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
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Property summary
For SaleMulti let mixed use investment 4 shops and 2 flats Town Centre Location Overall area 3156 sqft (293.1 sqm)Gross annual income £37,000 paxLeases & AST's available Well maintained building EPCs range from E to CGet in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
More about the property
An excellent opportunity to acquire this excellent quality mixed use town centre investment property. The property is fully let and comprises 4 shops and 2 flats within the same block. The property always re lets well and is in a prominent position between the main market and Cornmarket.
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Location
The property is situated in a highly prominent position on the corner of Cornmarket and New Street within the market place and town centre. Louth is a market town and civil parish in the East Lindsey district of Lincolnshire.
Louth serves as an important town for a large rural area of eastern Lincolnshire. Visitor attractions include St James' Church, Hubbard's Hills, the market, many independent retailers, and Lincolnshire's last remaining cattle market. Louth holds market days on Wednesdays, Fridays, and Saturdays.
There is a farmers' market on the fourth Wednesday of each month. A cattle market is held each Thursday at the Louth Livestock Centre on Newmarket. The town is 15 miles south of Grimsby and 27 miles east of Lincoln.
The property is situated in a highly prominent position on the corner of Cornmarket and New Street within the market place and town centre. Louth is a market town and civil parish in the East Lindsey district of Lincolnshire.
Louth serves as an important town for a large rural area of eastern Lincolnshire. Visitor attractions include St James' Church, Hubbard's Hills, the market, many independent retailers, and Lincolnshire's last remaining cattle market. Louth holds market days on Wednesdays, Fridays, and Saturdays.
There is a farmers' market on the fourth Wednesday of each month. A cattle market is held each Thursday at the Louth Livestock Centre on Newmarket. The town is 15 miles south of Grimsby and 27 miles east of Lincoln.
ACCOMMODATION
The accommodation is arranged in part over 3 floors in accordance with the attached plan and has the following floor areas.
Ground Floor = 1380 sqft (128.2 sqm)
First Floor = 1353 sqft (125.6 sqm)
Second Floor = 423 sqft (39.2 sqm)
Overall area = 3156 sqft (293.1 sqm)
The accommodation is arranged in part over 3 floors in accordance with the attached plan and has the following floor areas.
Ground Floor = 1380 sqft (128.2 sqm)
First Floor = 1353 sqft (125.6 sqm)
Second Floor = 423 sqft (39.2 sqm)
Overall area = 3156 sqft (293.1 sqm)
PLANNING
The buildings have established A1 retail and C3 residential uses.
The buildings have established A1 retail and C3 residential uses.
SERVICES
Mains electricity, water and drainage are connected to the properties
Mains electricity, water and drainage are connected to the properties
TENURE
The property is fully let and is being offered for sale subject to the existing leases. Copies of the leases and AST's will be made available to seriously interested parties. The property has a gross rent income of £37000 pax.
The property is fully let and is being offered for sale subject to the existing leases. Copies of the leases and AST's will be made available to seriously interested parties. The property has a gross rent income of £37000 pax.
RATES
The property has the following rateable values and council taxes.
6 New Street = £4650
8 New Street = £4200
12 New Street = £2900
38 Eastgate = £4550
10a New Street = Council Tax A
10b New Street = Council Tax A
The property has the following rateable values and council taxes.
6 New Street = £4650
8 New Street = £4200
12 New Street = £2900
38 Eastgate = £4550
10a New Street = Council Tax A
10b New Street = Council Tax A
Energy Performance Certificate
The property has the following EPCs
6 New Street = E
8 New Street = D
12 New Street = C
38 Eastgate = E
10a New Street = C
10b New Street = D
The property has the following EPCs
6 New Street = E
8 New Street = D
12 New Street = C
38 Eastgate = E
10a New Street = C
10b New Street = D
LEGAL COSTS
Each party are responsible for their own legal costs.
Each party are responsible for their own legal costs.
VAT
The price is exclusive of VAT if applicable.
The price is exclusive of VAT if applicable.
LOCAL AUTHORITY
East Lindsey District Council
The Hub
Mareham Road
Horncastle
LN9 6PH
Tel 01507 601111
East Lindsey District Council
The Hub
Mareham Road
Horncastle
LN9 6PH
Tel 01507 601111
VIEWINGS
Contact Pygott & Crone Commercial
36a Silver Street
Lincoln
LN2 1EW
Tel 01522 536777
Contact Pygott & Crone Commercial
36a Silver Street
Lincoln
LN2 1EW
Tel 01522 536777
