£75,000
(£64.10/sq. ft)
Retail premises for saleKing Street, Whitehaven CA28
1,170 sq. ft
About this property
Investment Consideration:
Rental Income: £6,000 p.a.
Gross Initial Yield: 8.00%
VAT is not applicable to this property
Comprises ground floor retail shop with ancillary at basement and part first floor
Located in the heart of the town centre next to Whitehaven Marina with occupiers nearby including Halifax, Subway, Cinema, Hotels and many more.
Property Description:
Comprises ground floor shop with ancillary accommodation at part first floor and basement, providing the following accommodation and dimensions:
Ground Floor Shop: 101 sq m (1,085 sq ft)
Open plan retail, storage
Part First Floor: 8 sq m (85 sq ft)
Ancillary, 2 WCs
Basement: Not inspected
Tenancy:
The retail shop is at present let to an Individual for a term of 5 Years from 19th October 2024 at a current rent of £6,000 p.a. And the lease contains full repairing and insuring covenants. Rent review in the 3rd year linked to rpi. Tenant break option in the 3rd year with min 6 months notice. Deposit held of £1,100. Lease within Landlord & Tenant Act 1954.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location:
Whitehaven is equidistant between Carlisle and Barrow-in-Furness and serves as a retail, service and employment centre to the outlying rural areas. The A595 lies parallel to the town which leads in turn to the M6 at both Carlisle and Kendal. The property is situated in the heart of the town centre next to Whitehaven Marina with occupiers nearby including Halifax, Subway, Cinema, Hotels and many more.
Rental Income: £6,000 p.a.
Gross Initial Yield: 8.00%
VAT is not applicable to this property
Comprises ground floor retail shop with ancillary at basement and part first floor
Located in the heart of the town centre next to Whitehaven Marina with occupiers nearby including Halifax, Subway, Cinema, Hotels and many more.
Property Description:
Comprises ground floor shop with ancillary accommodation at part first floor and basement, providing the following accommodation and dimensions:
Ground Floor Shop: 101 sq m (1,085 sq ft)
Open plan retail, storage
Part First Floor: 8 sq m (85 sq ft)
Ancillary, 2 WCs
Basement: Not inspected
Tenancy:
The retail shop is at present let to an Individual for a term of 5 Years from 19th October 2024 at a current rent of £6,000 p.a. And the lease contains full repairing and insuring covenants. Rent review in the 3rd year linked to rpi. Tenant break option in the 3rd year with min 6 months notice. Deposit held of £1,100. Lease within Landlord & Tenant Act 1954.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location:
Whitehaven is equidistant between Carlisle and Barrow-in-Furness and serves as a retail, service and employment centre to the outlying rural areas. The A595 lies parallel to the town which leads in turn to the M6 at both Carlisle and Kendal. The property is situated in the heart of the town centre next to Whitehaven Marina with occupiers nearby including Halifax, Subway, Cinema, Hotels and many more.
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