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£174,950

(£123.38/sq. ft)

Retail premises for sale
50/52 King Street, Aspatria, Cumbria CA7

    • 1,418 sq. ft

Added on 02/05/2025

About this property

    The building is arranged over three levels. The former post office and gift shop areas at ground floor benefit from their own wc and kitchen area to the rear and can be occupied as a whole or in two parts. Future uses lend these areas to salon space, offices, retail shop, café - or even conversion to residential subject to planning and building modification.

    Access to the upper floor residential accommodation is via an integral staircase. This area is currently lived in by the owners and provides a spacious three bedroom flat with large open plan living room, fully equipped bathroom and well equipped kitchen offering picturesque views towards the northern Lake District fells. The residential areas could be converted to provide Air BnB accommodation.

    Since the owners bought the building, they have re-roofed the property and re-wired the electrics throughout.

    Location

    Aspatria is a market town in the west of Cumbria, approximately 15 miles southwest of Carlisle and J43 and J44 of the M6 motorway. The Lake District National Park towns of Cockermouth 8 miles south and Keswick 18 miles are conveniently positioned south east, and the popular coastal town of Silloth only 9 miles north west. The building fronts on to King Street which is the main throughfare for Aspatria. Nearby operators include Coop, various hot food takeaways, some salons and other residential buildings.

    Accommodation

    This property has been measured and extends to the following approximate areas:

    Terms

    Offers in the region of £174,950 are invited for the freehold with vacant possession.

    Services

    We understand mains water, gas, electricity and drainage are connected. A multi fuel stove provides heating from the living room within the property. A gas boiler and wall mounted panel radiators serve the property also.

    Business Rates

    The Valuation Office Agency website describes the property as Post Office and Premises with a 2023 List Rateable Value of £3,200. The Small Business Non-Domestic multiplier for the 2025/2026 rate year is 49.9p in the £.

    The residential flat has a Council Tax of Band A.

    EPC

    The commercial part of the property has an Energy Performance Asset Rating of d-79. An EPC for the residential part has been commissioned and will be made available shortly.

    VAT

    We are advised that the property is not currently VAT elected, and therefore VAT is not payable on the sale price.

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    Monthly repayment

    £875 per month

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    The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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    Carigiet Cowen Chartered Surveyors

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