This property presents a versatile opportunity in the heart of Louth, featuring a three-floor retail unit accompanied by a first-floor two-bedroom flat and a rear car park. The establishment is housed in a Grade II listed mid-terraced building, combining historical charm with functional space.
The retail area on the ground floor includes a sales space, kitchen, three storage rooms, and restrooms, while the upper floors contain additional storage and showroom areas. Access to the flat is provided separately from the car park, making it suitable for independent living or rental purposes. The flat comprises two bedrooms, a kitchen, lounge, and bathroom facilities.
The car park at the rear accommodates approximately 14 vehicles. Currently, nine parking spaces are occupied under verbal agreements generating an annual rental income of about £3,240. Notably, there is significant redevelopment potential for the car park area, subject to obtaining the necessary planning permissions. This space can be accessed via Kidgate Mews to the south of the property.
Situated in a prominent town center location near established businesses such as Lloyds Bank, Boots, and Café Nero, this property benefits from high foot traffic and visibility. Louth itself is a thriving market town located within East Lindsey district in Lincolnshire, roughly 14 miles south of Grimsby and 24 miles northeast of Lincoln. Given its strategic position and diverse features, this property offers excellent investment potential for those looking to enhance or transform its current use.
