2 Louth Road, DN33 2EN

2 Louth Road

Grimsby, DN33 2EN


Price   £125,000


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2 Louth Road

Grimsby

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  • Description

    The property is arranged over two floors and provides ground floor café premises with a separately accessed one-bedroomed flat above. The café provides an open seating/serving area to the front, able to cater for 20-25 covers, with a large kitchen and customer WCs to the rear. The flat is accessed via a communal porch from the front and comprises a lounge, kitchen, bedroom and bathroom.

    The property is subject to restrictive covenants on use, details of which can be made available on request. The building also services water to the neighbouring occupier, with an informal agreement in place to split the cost. Nearby occupiers include Lids restaurant, Spar, Florence’s coffee shop and Coral bookmakers in addition to a variety of other local businesses and residential houses.

  • Overview

    Café premises with self-contained flat above

    Extends to approx. 97.2 sq m (1,045 sq ft) overall

    Generating an income of £11,520 per annum

    Rare opportunity to acquire premises in this area

    Business unaffected - Guide Price £125,000

  • Location

    Scartho is an affluent suburban village, with a population of c.10,500 (Source: Census 2011), situated approximately 3 miles to the south of Grimsby town centre. The primary retailing pitches are located on Louth Road and Waltham Road, which in turn provide the main thoroughfare to the south. As a result, the property is well positioned to benefit from passing trade, as well as easy access into Grimsby, Cleethorpes and the surrounding villages by car, public transport or on foot.

  • Accommodation
    Ground Floor    
    Café 38.8 sq m (418 sq ft)
    Kitchen 23.5 sq m (253 sq ft)
         
    First Floor    
    Residential 34.9 sq m (376 sq ft)
  • Disposal Terms

    The premises are offered For Sale at a guide price of £125,000, subject to the active lease. The property is let by way of a 3 year lease, due to expire in October 2021, at a rent of £11,520 per annum without break option or rent review. Copies of the lease will be made available to bona fide parties on request.

  • Other Info

    BUSINESS RATES / COUNCIL TAX

    The retail premises are listed within the Rating List as ‘Restaurant & Premises’, with a Rateable Value of £5,000 and are eligible for Small Business Rates Relief. The flat has a Council Tax band rating of A. (Source: VOA website).

    ENERGY PERFORMANCE RATING: Ground Floor E / First Floor D

Overview
Description
Accommodation
Terms
Other Info

Café premises with self-contained flat above

Extends to approx. 97.2 sq m (1,045 sq ft) overall

Generating an income of £11,520 per annum

Rare opportunity to acquire premises in this area

Business unaffected - Guide Price £125,000

The property is arranged over two floors and provides ground floor café premises with a separately accessed one-bedroomed flat above. The café provides an open seating/serving area to the front, able to cater for 20-25 covers, with a large kitchen and customer WCs to the rear. The flat is accessed via a communal porch from the front and comprises a lounge, kitchen, bedroom and bathroom.

The property is subject to restrictive covenants on use, details of which can be made available on request. The building also services water to the neighbouring occupier, with an informal agreement in place to split the cost. Nearby occupiers include Lids restaurant, Spar, Florence’s coffee shop and Coral bookmakers in addition to a variety of other local businesses and residential houses.

Ground Floor    
Café 38.8 sq m (418 sq ft)
Kitchen 23.5 sq m (253 sq ft)
     
First Floor    
Residential 34.9 sq m (376 sq ft)

The premises are offered For Sale at a guide price of £125,000, subject to the active lease. The property is let by way of a 3 year lease, due to expire in October 2021, at a rent of £11,520 per annum without break option or rent review. Copies of the lease will be made available to bona fide parties on request.

BUSINESS RATES / COUNCIL TAX

The retail premises are listed within the Rating List as ‘Restaurant & Premises’, with a Rateable Value of £5,000 and are eligible for Small Business Rates Relief. The flat has a Council Tax band rating of A. (Source: VOA website).

ENERGY PERFORMANCE RATING: Ground Floor E / First Floor D

2 Louth Road

Grimsby , DN33 2EN


Scartho is an affluent suburban village, with a population of c.10,500 (Source: Census 2011), situated approximately 3 miles to the south of Grimsby town centre. The primary retailing pitches are located on Louth Road and Waltham Road, which in turn provide the main thoroughfare to the south. As a result, the property is well positioned to benefit from passing trade, as well as easy access into Grimsby, Cleethorpes and the surrounding villages by car, public transport or on foot.

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