155 - 159 Newmarket, Louth, Lincolnshire, LN11

For Sale

Investment, Retail, Louth, LN11


155 - 159 Newmarket
Louth
Lincolnshire
LN11

A development built in 2014 comprising a single storey convenience store with two adjoining single storey retail units plus car park. The property is located on the northern side of Newmarket at its junction with Watts Lane within a predominantly residential area. Louth is an attractive, historic market town situated 28 miles (45 km) east of Lincoln, 19 miles (31 km) south of Grimsby and 65 miles (104 km) north east of Nottingham. It has a resident population of approximately 20,000.


155 - 159 Newmarket, Louth, Lincolnshire, LN11
  • Ref: 2044299
  • Tenure: Freehold
  • Types: Investment, Retail
  • Size: 0.43 ac (0.174 ha)
  • Freehold: £1,500,000 (€1,781,578) for the freehold

Key Features

  • Purpose built foodstore and two adjoining retail units

  • Foodstore let to Co-operative Food Group Ltd

  • Other units let to Warwick Healthcare Ltd

  • Total current passing rent of £75,000 pa

  • Rising to £82,763.62 pa from 26 September 2019

  • Guide price reflects a net reversionary yield of 5.22%

  • Freehold

  • Historic market town

Location

155 - 159 Newmarket, Louth, Lincolnshire, LN11

Louth is an attractive, historic market town serving a wide rural catchment and forms the principal centre for the East Lindsey district of Lincolnshire. The town is situated 28 miles (45 km) east of Lincoln, 19 miles (31 km) south of Grimsby and 65 miles (104 km) north east of Nottingham. It has a resident population of approximately 20,000.

Additional Info

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