Property for sale

1A Main Street, Egremont, Cumbria CA22

1A Main Street is a three-storey mid terraced building of traditional block construction with a painted pebbledash finish, under a pitched tiled roof. The building has been owner-operated by kf Kitchens as a showroom and workshop premises with residential above. Disc zone parking is available in front.
Internally, the ground floor comprises an open-plan sales area with an office to the rear.

There is a detached rectangular-shaped workshop with a parking space and self-contained access to the four let and income-producing residential bedsits, inclusive of their own WCs and kitchens, arranged over the two upper floors. The commercial parts are suitable for further owner occupation or being let off as investments.

At present, the four residential bedsits are let individually and generate a rental income of £26,000 per annum. The rental income on the building could be increased, subject to letting out the rear workshop and showroom.

Location

Egremont is positioned towards the west coast in the county of Cumbria, approximately 6 miles south of Whitehaven and conveniently positioned approximately 5 miles north of the Sellafield nuclear plant facility, one of the largest employers in the county.

Egremont town centre is largely made up of small-scale retail operators, plus some national representation through the likes of Betfred, Greggs, Heron Foods and Co-Op. In addition, there are a large number of private independent retailers for various cafés, sandwich bars and barber shops. The town draws on its proximity to Sellafield, which sees many contractors basing themselves close to Egremont and the surrounding area midweek.

Accommodation

This property has been measured on a Net Internal Area basis and extends to the following approximate areas:

Terms

£265,000 is being offered for the sale of the freehold investment.

Services

We understand mains water, electricity (3-phase) and drainage are connected. There are individual meters for each flat, shop and workshop.

Business Rates

The Valuation Office Agency website describes the ground floor of the property as Shop and Premises with a 2023 List Rateable Value of £6,500. The Small Business Non-Domestic multiplier for the 2025/2026 rate year is 49.9p in the £.

EPC

The property holds the current Energy Performance Certificate ratings:-
Unit 1A Main Street (Ground floor commercial unit): B-45
Flat 1: E-53
Flat 2: D-56
Flat 3: E-47
Flat 4: G-9

VAT

We understand VAT is not payable on the purchase price.