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Agent's details

Whitehaven – Freehold Shop Investment

For sale: £90,000.00|581 Sq Ft|Flat, General Retail, Retail - High Street, Residential, Retail

Property details

FOR SALE£90,000.00
SIZE581 Sq Ft
ADDRESS35 Lowther Street, Whitehaven, Cumbria CA28 7JS
TYPEFlat, General Retail, Retail - High Street, Residential, Retail
TENUREFor Sale Freehold
POSTED ON31st May 2020

Description

Investment Consideration:
Lease expiry 2024, tenant option to break 2022.
The property comprises of one shop currently let as a hair salon. Also a sold off GF cafe and sold off upper office space on peppercorn rents.
Property positioned on busy shopping street in the town centre adjacent to ‘The Rum Story’.
VAT is NOT applicable to this property.
Occupiers nearby include Costa’s, TSB, Santander, Tesco’s, Dorothy Perkins, Superdrug, among others.

Property Description:
The property comprises of one shop currently let as a hair salon and two other commercial units sold off on long lease for peppercorn rents, which includes a ground floor cafe and upper floor office space.

The property provides the following accommodation and dimensions:
Ground Floor Shop: 54.00 sq m (581 sq ft)

Tenancy:
The shop is at present let to S. McCabe for a term of 5 years from 3rd April 2019 at a current rent of £7,000 per annum. The lease contains full repairing and insuring covenants and a tenant option to break in 2022. A rental deposit is held on account of £2,100. The tenant has rent free period until 3rd October 2019.

Location Description:
The property lies in a busy shopping street in the town centre adjacent to ‘The Rum Story’, a popular visitor attraction. Major businesses in the town include Costa’s, TSB, Santander, Tesco’s, Dorothy Perkins, Superdrug, Boots, Dixons, Burtons, WH Smith and Sellafield Limited.

Location

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Location: 35 Lowther Street, Whitehaven, Cumbria CA28 7JS

Whitehaven (0.3 miles)

Corkickle (0.6 miles)

Parton (1.6 miles)

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