Property photos
Guide price
£52,500
(£116.67/sq. ft)
Retail premises for sale
Upgate, Louth LN11450 sq. ft
Local area information
Property location
Nearby amenities
- Louth Kidgate Primary Academy 0.2 miles
- King Edward VI Grammar School 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
-
Town Centre Location
-
Available Now
- Ground Floor retail shop unit
- Excellent business Location
- Close to the town centre of the market town of Louth
- Provides a yield in excess of 10% when let.
The subject property is located on Upgate close to the town centre of the market town of Louth which is approximately 15 miles south west of Grimsby. Louth has a good selection of shops, eating establishments and wine bars. There is a large amount of passing traffic to this property.
The property is a brick-built ground floor retail shop unit previously used by Cash Convertors. It comprises a retail area to the front with large window display with a large storage area to the rear including WC facilities.
The approximate accommodation comprises:
Shop/Sales Area Approx. 180 sq. Ft. (16.7 sq. M).
Rear Store Area Approx. 270 sq. Ft. (25.2 sq. M).
WC facilities
The retail shop should achieve and income over £5,000 per annum giving a potential yield of over 10%.
The property is available with an asking price of £52,500 or nearest offer.
Each Party will be responsible for their own legal costs incurred in this transaction together with any stamp duty and land tax that may apply.
We are advised that the property is Freehold.
We are advised by East Lindsey District Council that the rateable value is £4,300 per annum. Interested parties are advised to confirm this with the Local Authority.
The property is a brick-built ground floor retail shop unit previously used by Cash Convertors. It comprises a retail area to the front with large window display with a large storage area to the rear including WC facilities.
The approximate accommodation comprises:
Shop/Sales Area Approx. 180 sq. Ft. (16.7 sq. M).
Rear Store Area Approx. 270 sq. Ft. (25.2 sq. M).
WC facilities
The retail shop should achieve and income over £5,000 per annum giving a potential yield of over 10%.
The property is available with an asking price of £52,500 or nearest offer.
Each Party will be responsible for their own legal costs incurred in this transaction together with any stamp duty and land tax that may apply.
We are advised that the property is Freehold.
We are advised by East Lindsey District Council that the rateable value is £4,300 per annum. Interested parties are advised to confirm this with the Local Authority.
More information
Listed by
Cleethorpes Properties
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