Guide price
£49,950
(£116.67/sq. ft)
Retail premises for saleUpgate, Louth LN11
450 sq. ft
About this property
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.
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