The property comprises a substantial public house constructed in traditional materials laid out over two floors.
Internally the property is laid out to provide a bar and various lounges on the ground floor and potential living accommodation on the upper floor.
The property occupies a prominent location on Newmarket, one of the main roads into and around the south side of Louth. The surrounding area is mixed use in character, with the Town’s Cattle Market and large surfaced car park adjacent. The town centre is a short walk to the north.
Louth is an attractive and prosperous Market Town sitting close to the Lincolnshire Wolds, has a resident population of circa 16,000 and a wide rural based catchment. The town was in recent years voted by viewers of the BBC Countrywide Programme as “Market Town of the Year”. It is located about 30 miles north east of Lincoln.
TOWN AND COUNTRY PLANNING
We understand that the property has an established use falling within Class A4 (Drinking Establishment) of the Town and Country Use Classes Order 1987 (as amended).
The property is not Listed and nor is it located within a Conservation Area.
The property is available by way of a new 5 year contracted out ‘free of tie’ lease with a rolling mutual break from the end of year 3 with 6 months’ written notice.
The lease will be drawn on Full Repairing and Insuring terms.
VAT may be charged in addition to the rent at the prevailing rate.
The ingoing tenant is to be responsible for both parties reasonable costs incurred in documenting the transaction.