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12 Mercer Row 3,786 SF Retail Building Louth LN11 9JQ $558,646 CAD ($147.56 CAD/SF)

INVESTMENT HIGHLIGHTS
- Retail Unit spread over three floors, first floor 2 bedroom flat and car park
- Prominent Town Centre Location.
- Car park to the rear for approximately 14 cars with potential for redevelopment, subject to the necessary planning consents.
EXECUTIVE SUMMARY
The property is a Grade II listed, mid-terraced Retail Unit spread over three floors together with a first-floor 2-bedroom flat and car park to the rear.
The Retail Unit comprises of a sales area, kitchen, 3 stores and WC’s on the ground floor. The first and second floors comprises of 2 stores and a showroom.
The first floor flat (12A Mercer Row) has its own access from the car park and comprises of 2 bedrooms, kitchen, lounge & bathroom/WC. Externally the property has a car park the rear for approximately 14 cars and an additional store accessed through a roller shutter door. 9 parking spaces are currently let on verbal agreements producing a rental income of £3,240 per annum. The car park has the potential for redevelopment, subject to necessary planning consents and accessed through Kidgate Mews to the South of the property
The Retail Unit comprises of a sales area, kitchen, 3 stores and WC’s on the ground floor. The first and second floors comprises of 2 stores and a showroom.
The first floor flat (12A Mercer Row) has its own access from the car park and comprises of 2 bedrooms, kitchen, lounge & bathroom/WC. Externally the property has a car park the rear for approximately 14 cars and an additional store accessed through a roller shutter door. 9 parking spaces are currently let on verbal agreements producing a rental income of £3,240 per annum. The car park has the potential for redevelopment, subject to necessary planning consents and accessed through Kidgate Mews to the South of the property
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,786 SF
Building Class
C
Year Built
1860
Price
$558,646 CAD
Price Per SF
$147.56 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
1.51
Lot Size
0.06 AC
Frontage
36’ on Mercer Row
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12 Mercer Row
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