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.
Ground Floor Restaurant
Bar & Waiting Area
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.
To the side of the building is a driveway which leads to a large former Coach House currently used for storage and comprising:-
Disused store in poor condition.
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
We understand that the property has mains water, electricity and gas.
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
Please note that the seller may elect to charge VAT on top of the purchase price.
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Eastgate, Louth, Lincolnshire
- Town Centre Location
- Large Ground Floor Restaurant & Flats above
- Restaurant let on 10 year Lease
- Restaurant approx: 132sqm/1423sqft