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56 Upgate 450 sq ft Vacant Retail Property Louth LN11 9JN £52,500 (£116.67/sq ft)
Investment Highlights
- Excellent Business Location
- Approx. 450 Sq. ft. (42.0 sq. m) with available parking
- Provides a yield in excess of 10% when let.
- Ground Floor Retail Shop Unit
- Located close to town centre
Executive Summary
Excellent Business Location - COMMERCIAL GROUND FLOOR RETAIL SHOP UNIT OF APPROX 450 SQ FT (42.0) SQ M. WITH AVAILABLE PARKING.
Location
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.
Description
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.
Accommodation
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
Income Potential
The retail shop should achieve and income over £5,000 per annum giving a potential yield of over 10%.
Price
The property is available with an asking price of £52,500 or nearest offer.
Legal Costs
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.
Tenure
We are advised that the property is Freehold.
Rateable Value
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.
Location
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.
Description
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.
Accommodation
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
Income Potential
The retail shop should achieve and income over £5,000 per annum giving a potential yield of over 10%.
Price
The property is available with an asking price of £52,500 or nearest offer.
Legal Costs
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.
Tenure
We are advised that the property is Freehold.
Rateable Value
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.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Property Size
450 sq ft
Costar Property Class
B
Year Built
1920
Price
£52,500
Price per sq ft
£116.67
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.60
Total Plot Size
0.02 ac
Frontage
17 ft on Upgate
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Ground floor retail premises occupying a prominent position on Upgate, one of the main routes through Louth town centre. The property is available on a new lease and is suitable for a variety of uses, subject to appropriate consents.
| Space | Size | Space Use | Position | Available |
| Ground | 391 sq ft | Retail | - | Now |
Ground
| Size |
| 391 sq ft |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
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Ground
| Size | 391 sq ft |
| Space Use | Retail |
| Position | - |
| Available | Now |
Ground floor retail premises occupying a prominent position on Upgate, one of the main routes through Louth town centre. The property is available on a new lease and is suitable for a variety of uses, subject to appropriate consents.
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Matterport 3D Exterior
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Street View
Street
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Presented by
Cleethorpes Properties
56 Upgate
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