This former bank building is strategically located on Eastgate, offering an excellent opportunity for renovation or investment in the thriving market town of Louth. With a population of approximately 17,000, Louth boasts a vibrant community centered around its well-known thrice-weekly market and provides essential services to the surrounding rural area. It features a blend of independent retailers and recognizable high street brands, making it an attractive location for both residents and visitors.
The property itself presents a versatile layout across three floors. The ground floor includes expansive main retail or office space, along with additional rooms such as a former safe room, glass-fronted office, and multiple storage areas. The presence of functional amenities like toilets and a kitchen staff room further enhances the practicality of this space.
On the first floor, there are several offices and meeting rooms that could easily be adapted for various uses. Additionally, the boiler room is equipped with a modern Viessmann boiler. The second floor offers even more potential with spacious rooms that could serve as additional office space or residential units.
One noteworthy feature of this property is the approved outline planning permission for development in the rear car park area, allowing for the construction of three terrace houses and one first-floor flat. This adds significant investment potential for those looking to maximize their return from the property.
Mains services are reportedly available, though prospective buyers should conduct their own investigations regarding these utilities. Business rates are established at a rateable value of £28,250 by East Lindsey District Council.
Overall, this property not only holds historical significance but also offers substantial opportunities for renovation or redevelopment in a desirable location known for its community spirit and economic vitality. For those interested in exploring its full potential, viewing can be arranged through appointment with the sole agents.
