To Let - Under OfferTown Centre Retail Unit

5, Market Place, Louth, Lincolnshire, LN11 9NR

Description

The ground floor self-contained retail lock-up overlooks the town's Market Place and comprises ground floor retail sale area, store and WC.

The upper floor comprises a self-contained residential apartment.

Location

The ground floor retail unit occupies a highly prominent position fronting Louth Market Place. The town benefits from a wealth of regional and national retailers including New Look and Yorkshire Trading Company who sit adjacent this property. Other retailers in the town include WH Smith, Superdrug, Peacocks, Heron Foods, M&Co, Edinburgh Woollen Mill, Millets, Argos, Shoezone, Greggs, Costa Coffee and Caffé Nero.

The town’s thriving market trades on Wednesday, Friday and Saturday.

The town sits close to the Lincolnshire Wolds, an area of outstanding natural beauty and has a population of circa 16,000, as well as an affluent large rural catchment.

TOWN AND COUNTRY PLANNING

We understand that the property has an established use falling within Class A1 (Shop) of the Town & Country Use Classes Order 1987 (as amended).

TENURE

The property is available by way of a new Full Repairing and Insuring lease for a minimum term of 5 years.

The first floor apartment is currently let at a passing rent of £4,380 per annum.

VAT may be charged in addition to the rental at the prevailing rate.

LEGAL COSTS

The ingoing tenant is to be responsible for the Landlord’s reasonable legal costs incurred in documenting the transaction.