* Freehold Mixed Use Investment Property
* Comprising Shop with Large Refurbished Apartment Over
* Centrally Located and Prominent
* Grade II Listed Three Storey Commercial Building
* Ground Floor Nail Bar with First Floor Offices Producing £12, 000 pa
* Refurbished Second Floor Maisonette erv Estimated £6, 500 pa
* For Sale Freehold Subject to the Occupational Lease
Location. . .
The picturesque market town of Louth has a population of approximately 20, 000
residents and is located in the East Lindsey District of Lincolnshire on the
edge of the Lincolnshire Wolds.
The town has a good range of local facilities including a strong retail
offering, sporting facilities and well - regarded schools, nature parks, 2 golf
courses.
The property is located in the centre of the town off Upgate with a return
frontage to Butcher Lane off Corn Market.
Accommodation. . .
An arcade entrance leads to the main glazed retail area which is open plan
having return frontage.
Stairs lead to the first floor where there are offices, breakout area and
ancillary accommodation.
Office……………………………………………7. 8m x 4. 4m, 34. 2m2
Kitchenette………………. . . ……………………. . 1. 9m x 4. 7m, 9m2
WC which are appended to the ground floor shop.
A separate doorway leads to an impressive staircase giving access to the
second - floor apartment, having 2 bedrooms, reception room, modern bathroom and
kitchen.
Bathroom
Lounge……………………………………. …. . 5. 7m x 4. 1m, 23. 4 m2
Kitchen……………………………………………2. 4m x 2. 5m, 6. 3m2
Bedroom No. 1……………………. …. …. . . . 3. 7m x 3. 1m, 11. 5m2
Bedroom No. 2……………………. . …………2. 9m x 3. 2m, 9. 3m2
Schedule of Accommodation. . .
**Gifa**
Ground Floor
Main Sales Area
49. 1m2
530ft2
Circulation Area
8. 5m2
90ft2
First Floor
50m2
540ft2
Second Floor Apt.
62m2
665ft2
Total
170m2
1, 825ft2
Tenure. . .
The ground and first floors are subject to a 10 - year lease dated 31st October
2022 to J & M Nails and Spa Ltd at £12, 000 pa.
The landlord has reserved the rights to charge the tenant an annual insurance
rent with the lease being excluded from the provisions of the Landlord and
Tenant Act 1954 Part 2.
There is a tenant only break clause dated 31 October 2027 with more than 6
months written notice. Review dates are 31st October 2025, 2028 and 2031.
The apartment has just been refurbished and has an estimated retail value of
around £600/calendar month.
Outgoings. . .
15 Mercer Row has a Rateable Value of £13, 000. The first floor is Council Tax
Band A.
EPC. . .
15a Mercer Row has an Energy Performance Asset Rating E48. Full details are
available on request.
Viewing. . .
All viewings are to be made by appointment through the agent.
Poyntons Consultancy.

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