Description
The property comprises a substantial former bank laid out over 2 floors, formerly providing ground floor customer/ trading areas and on the upper floors ancillary office accommodation.
The property is constructed in brick and clay pantiles and has been extended on its western end. It provides an attractive frontage to this section of Eastgate. There is pedestrian access to the rear.
The former banking premises would be suitable for a variety of different retail and leisure uses.
EPC: E107
LOCATION
Louth is a thriving market town with a wealthy population of just under 20,000 and a predominantly rural catchment of over 30,000.
The town is highly regarded for its healthy mix of national and independent traders including White Stuff, Caffè Nero and a variety of businesses offering top quality local produce such as Luck of Louth and Coopers Antique Dealers.
Eastgate is a well established town centre trading location, surrounded by an abundance of surfaced car parking. The western end of Eastgate where the subject property is located is mixed use in character, with a variety of commercial and residential occupiers nearby. This includes the town’s main Post Office.
Louth sits in a strategic location, just off the A16 which links Boston to the south with Grimsby to the north east. Lincoln is about 25 miles to the south west.
Services
We understand that all mains services are available and connected to the property. These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.
Town & Country Planning
We understand that the property has consent for uses falling within Class E (Commercial, Business and Service Uses) of the Town and Country Planning (Use Classes) Order 1987 (as amended), following the recent changes to the Use Classes Order introduced in early September 2020. This would allow the property to be used for a variety of different retail, office and restaurant uses without needing a new planning permission. Alternative uses may be appropriate subject to receipt of the necessary Planning Consent.
The property we understand is not Listed but is located within a Conservation Area.
Tenure
The property is available To Let by way of a new Full Repairing and Insuring lease, for a term of years to be agreed.
Rent
£20,000 per annum exclusive - ground floor
£25,000 per annum exclusive - for the whole
VAT
VAT may be charged in addition to the rent at the prevailing rate.
Legal Costs
Each party is to be responsible for their own legal costs incurred in documenting the transaction.