FOR SALE-FREEHOLD INVESTMENT
A grade II listed three storey building located in a prominent position in the town centre and comprising of a ground floor retail shop and rear yard and a separate two bedroomed flat on the first and second floors. The ground floor is held on a commercial lease with a new lease provisionally agreed but the flat over is currently vacant. Epc rating D (shop) and Epc rating E (flat).
Louth is a busy market town with a population of approximately 17,0000 and is some 25 miles north-east of the city of Lincoln and some 16 miles south of the town of Grimsby.The property is positioned in an excellent trading position on the main high street running through the town centre close to Specsavers, Boots, and Lloyds Bank.
The flat is accessed via a shared passageway leading to a timber staircase which provides shared access to the flat's entrance door.
With laminate flooring.
With staircase to 2nd floor and electric consumer unit.
With fireplace housing gas fire. Sash window and cornicing to ceiling
With panel bath, wash basin, WC, electric wall mounted blow heater and part tiled walls.
With laminate flooring and timber framed casement window
With fitted wall and base cupboards, stainless steel sink and drainer, tiled splashbacks, electric cooker point, plumbing for washing machine, gas fired boiler providing hot water only and wall mounted gas convector heater.
Staircase to first Floor
Leading to landing area.
With window to front and rear elevations, wall mounted electric panel heater, access to roof space and boarded over fireplace.
With period fireplace, alcove cupboard, wall mounted electric panel heater, UPVC double glazed window, access to roof space.
Ground Floor Retail Shop
Main retail Area: 6.26m x 3.59m (20'5"x11'7") Secondary Retail Area: 3.30m x 3.25m (10'8"x10'6"). Rear Retail Area: 5.91m x 3.18m (19'9"x10'4")
Which forms part of the retail shop
Understood to be freehold
We understand that the building has mains gas, electricity, water and drainage.
Prices and rental are exclusive of VAT if chargeable.
A new 5 year lease has been agreed (subject to signing ) with the existing tenant of the ground floor shop at rent of £6840 per annum. The flat is currently vacant.
Rateable Value and Council Tax
8 Mercer Row-2017 List: Description: Shop & premises. Rateable Value:£4,900. 8a Mercer Row: Council Tax Band A
Viewing is strictly by appointment only through our Louth office.Louth office open from Monday to Friday 9 am to 5 pm and Saturday to 9 am to 1 pm.
Prospective purchasers are advised to discuss any particular points likely to affect their interest in the property with one of our property consultants who have seen the property in order that you do not make a wasted journey.
Thinking Of Selling?
Getting the best price requires market knowledge and marketing expertise. If you are thinking of selling and want to benefit from over 150 years of successful property marketing, we can arrange for one of our valuers to give you a free market appraisal and advice on the most suitable marketing package for your property.