Summary - 36, ASWELL STREET LN11 9HP
1 bed 1 bath Shop
**Standout Features:**
- Mixed-use investment: Shop and self-contained flat
- Prime location within walking distance to Louth town center
- Current rental income of approximately £11,160 per annum
- Close to local amenities, schools, and parking facilities
- Freehold tenure offers flexibility for future investment
**Concerns:**
- Mixed-use property may pose challenges for mortgage financing due to limited lease duration (1 year left)
- High crime rates in the local area and a generally deprived surrounding environment
Located in the heart of Louth, this mixed investment property at 34-36 Aswell Street offers a unique opportunity for both seasoned investors and first-time buyers looking to capitalize on rental income. The ground floor shop features well-proportioned showrooms and office space, complemented by a self-contained, two-bedroom flat above, currently generating steady revenue. The bustling town center is just a short walk away, providing essential services and amenities, from grocery stores to independent retailers, making it a prime location for future potential.
However, prospective buyers should be aware of the one-year remaining lease on the commercial space, which may affect mortgage options. The property does require modernization which could unlock further value and elevate both the commercial space and the residential flat. With a freehold title, this investment offers flexibility for renovations or converting the property into another purpose if desired. Don't miss out on this adaptable investment opportunity in a vibrant market town—act swiftly to secure your future in this growing community.
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