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Retail premises for sale

£19,995

161 Newmarket, Louth LN11

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Property description

Business
Hilton Smythe are pleased to welcome to the market Londis convenience store, Louth. The business has been operated by the current vendor for over six years and, due to relocation, this exciting business opportunity has become available to purchase.

The shop offers a popular range of services and produce to serve the main residential area, the surrounding communities as well as the busy passing trade. The store is fully licensed and stocks a range of convenience store essentials including tobacco, beers, wines and spirits together with a good range of frozen produce, crisps, confectionary and some additional home essential items.

The business used to operate a Payzone and lottery service, which gives the new operator a chance to reintroduce these services for added income and footfall generation, as well as expanding the current food offering and range of produce further to benefit from the ideal location of the business in this sought-after market town.

The site also has the added rare benefit of a well-appointed, two- bedroom accommodation to the first floor, providing the new owner with accommodation for family or management. This is a rare and exciting opportunity which is not to be missed.

Location
Ideally situated at the top end of Newmarket Road in the picturesque and sought-after market town of Louth, Lincolnshire, this Londis store benefits from being close to the town centre, on a main arterial link, with ample on street parking to the front and amongst the residential dwellings nearby.
The site is easily accessible by all modes of transport with busy passing trade and footfall in and out of Louth.

Premises
Ideally situated at the top end of Newmarket Road in the picturesque and sought-after market town of Louth, Lincolnshire, this Londis store benefits from being close to the town centre, on a main arterial link, with ample on street parking to the front and amongst the residential dwellings nearby.
The site is easily accessible by all modes of transport with busy passing trade and footfall in and out of Louth.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £1,000 per month.

Hours
The opening hours are currently 8.00am to 8.00pm Monday to Saturday and 9.00am to 4.00pm on Sunday.

Staff
The business is run and managed by the current vendor plus 1 x part time assistant.

Financial Profile
We are advised the business is currently turning over in the region of £5,000 per week and that there are currently no business rates payable.

What Zoopla users think of Louth

Overall rating:

  • currently 4 stars
Very good - 81% (48 ratings)

Ratings breakdown:

  • currently 4.5 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4.5 stars
Schools & public services
  • currently 3.5 stars
Transport & travel

Rate Louth:

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Cleethorpes (13.9 miles)
  • Market Rasen (14.2 miles)
  • Grimsby Town (14.5 miles)
  • Humberside Airport (20.8 miles)
  • Robin Hood Airport (42.3 miles)
  • East Midlands Airport (66.4 miles)
  • Hull Ferry Terminal (28.8 miles)
  • West Lynn Ferry Landing (44.8 miles)
  • King's Lynn Ferry Landing (44.9 miles)

Nearby schools

View all schools in East Lindsey
  • St Michael's Church of England School, Louth (0.3 miles)
  • Louth Kidgate Primary Academy (0.4 miles)
  • Louth Eastfield Infants' and Nursery School (0.5 miles)
  • Sevenhills Academy (13.5 miles)
  • The Boulevard Centre (30.1 miles)
  • New College Doncaster (43.3 miles)
  • Louth Academy (0.3 miles)
  • St Bernard's School, Louth (0.5 miles)
  • King Edward VI Grammar School (0.6 miles)
Note: Distances are straight line measurements

Local info for East Lindsey

About the neighbours in LN11

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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