Summary - 6, NEW STREET LN11 9PU
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Established mixed-use investment with 4 retail shops and 2 residential flats
- Excellent location in Louth town center, close to market and Cornmarket
- Total area of 3,156 sqft (293.1 sqm)
- Gross annual income of £35,640 pax
- Well-maintained property with EPC ratings between C and E
- Freehold tenure, ensuring full ownership
**Concerns:**
- High crime rate in the local area
- Broadband speeds are very slow
- Current structural age (constructed between 1983-1990)
This remarkable high street retail property offers a rare opportunity for investors or entrepreneurs looking to capitalize on a fully let mixed-use portfolio. With an impressive area of 3,156 sqft, the property features 4 shops and 2 residential flats in a prime town center location, enhancing the potential for steady rental income at £35,640 annually. The historic Georgian architecture adds visual appeal, while its prominent positioning ensures high foot traffic and visibility.
While the property is well-maintained and re-lets quickly, potential buyers should note the high crime rate in the vicinity and slow broadband speeds, which could impact future tenant desirability. Still, with freehold tenure and strong local amenities, including schools rated "Good" and "Outstanding," this investment offers immense flexibility for future renovations or expansions. Move quickly—opportunities like this don’t last long!
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