Summary - 79, EASTGATE LN11 9PL
1 bed 1 bath Commercial Property
Town-centre investment with immediate rental income and upper-floor potential.
- Prominent town-centre location on Eastgate, high pedestrian visibility
- Grade II listed: attractive period features, consent needed for changes
- Net internal area approximately 129 sq.m / 1,388 sq.ft
- Currently let at £700 pcm (£8,400 pa) providing immediate income
- First and second floors offer storage or office potential
- EPC rating E; secondary glazing, likely uninsulated solid brick walls
- Above-average local crime and wider area deprivation noted
- Freehold sale, mains gas boiler and radiators present
A handsome Grade II listed three-storey retail building occupying a central High Street position in Louth. The ground floor provides a generous retail frontage with deep sales area, while the upper floors offer five rooms suited to storage, office or conversion (subject to listed building consent). The property is currently producing £700 pcm (£8,400 pa) on an existing lease, providing immediate income for a buyer.
This is a building with period character and obvious potential, but it comes with constraints. Listed status means alterations, insulation upgrades and window replacement will require consent. The property has secondary glazing, solid brick walls (likely uninsulated) and an EPC rating of E. Mains gas heating to radiators is installed, but services have not been tested for condition.
Consider this for a long-term investment or an owner-occupier looking for town-centre trading space with ancillary offices/storage. The location offers excellent town-centre footfall and access to local amenities, schools and three supermarkets. Note the immediate area has higher-than-average crime statistics and wider area deprivation; these are practical factors for tenant selection and insurance costs.
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