5 Cornmarket, Louth
£250,000
For Sale
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£250,000
For Sale
Get in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
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Property summary
For Sale Prime Retail ShopTown centre market place Grade II Listed 4 storey building Overall area of 2465 sqft (228.8 sqm)Retail space 570 sqft (52.9 sqm)First & second floor 1317 sqft (122.35 sqm)CEPC of E 122Get in touch
William Downing
BSc (Hons) MRICS FNAEA MARLA
Director
03301280939
More about the property
An excellent opportunity to purchase this prime retail premises within Louth Town centre fronting onto the market place. The property offers 4 storey accommodation including retail/ office and storage space with a total floor area of 2465 sqft (228.8 sqm)
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Location
The property is situated in a highly prominent position on the corner of New Street and Cornmarket 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 New Street and Cornmarket 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 property is arranged over 4 floors and comprises:
Basement = 547 sqft (50.8 sqm)
Lower Ground Floor Retail =570 sqft (52.9 sqm)
Upper Ground Floor WC 31 sqft (2.8 sqm)
First Floor = 661 sqft (61.4 sqm)
Second Floor = 656 sqft (60.9 sqm)
Total = 2465 sqft (228.8 sqm)
The property is arranged over 4 floors and comprises:
Basement = 547 sqft (50.8 sqm)
Lower Ground Floor Retail =570 sqft (52.9 sqm)
Upper Ground Floor WC 31 sqft (2.8 sqm)
First Floor = 661 sqft (61.4 sqm)
Second Floor = 656 sqft (60.9 sqm)
Total = 2465 sqft (228.8 sqm)
PLANNING
The property has established use as A1,A2 which is now planning E. The property is Grade II listed.
The property has established use as A1,A2 which is now planning E. The property is Grade II listed.
SERVICES
Mains electricity, water, drainage are connected. The former occupier didn't pay their bill so the gas board removed the meter however they should re install for a new account.
Mains electricity, water, drainage are connected. The former occupier didn't pay their bill so the gas board removed the meter however they should re install for a new account.
TENURE
The property is for sale freehold with vacant possession.
The property is for sale freehold with vacant possession.
RATEABLE VALUE
The property has a rateable value of £12250.
The property has a rateable value of £12250.
CEPC
The property has a CEPC rating of E which is valid until the 6th March 2035.
The property has a CEPC rating of E which is valid until the 6th March 2035.
LEGAL COSTS
Each party are responsible for their own legal costs
Each party are responsible for their own legal costs
VAT
The sale price is exclusive of VAT if applicable.
The sale price is exclusive of VAT if applicable.
LOCAL AUTHORITY
East Lindsey District Council
The Hub
Mareham Road
Horncastle
Lincolnshire
LN9 6PH
Tel 01507 601111
East Lindsey District Council
The Hub
Mareham Road
Horncastle
Lincolnshire
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
