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Cleator Moor – Freehold Retail & Residential Investment

For sale: £115,000.00|2,302 Sq Ft|Retail, Land, Flat, General Retail, Retail - High Street, Commercial Land, Residential

Property details

FOR SALE£115,000.00
SIZE2,302 Sq Ft
ADDRESS55/55A/55B High Street, Cleator Moor, Cumbria, CA25 5BQ
TYPERetail, Land, Flat, General Retail, Retail - High Street, Commercial Land, Residential
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON22nd December 2023

Description

Investment Consideration:
Rental Income: £8,992 p.a.
Total ERV: £14,992 p.a. GIY: 13.04%
VAT is NOT applicable to this property
Comprises vacant retail shop at ground floor and two residential flats at first, second and third floor
Located in the heart of the town centre with occupiers nearby including Greggs, Age UK, Opticians, Butchers, Restaurants and more.

Property Description:
The property comprises ground floor shop with ancillary accommodation at basement, 2-bedroom flat at first floor and 3-bedroom flat at second and third floor, providing the following accommodation and dimensions:
Ground Floor/Basement Shop:
Main Shop - 45 sq m (484 sq ft)
Rear Store - 12 sq m (129 sq ft)
Basement - 40 sq m (430 sq ft)
First Floor Flat 55B: 50 sq m (538 sq ft)
2 bedrooms, kitchen/living room, bathroom
Second/Third Floor Flat 55A: 67 sq m (721 sq ft)
3 bedrooms, lounge, kitchen, bathroom
Total area size: 214 sq m (2,302 sq ft)

Tenancy:
The retail shop is at present vacant. ERV: £6,000 p.a.
Flat 55A is at present let to an Individual at a current rent of £5,200 p.a. Tenant has been in occupation for a long time and currently holding over AST.
Flat 55B is at present let to an Individual at a current rent of £3,792 p.a. Tenant has been in occupation for a long time and currently holding over AST.

Location:
Cleator Moor is a town, civil parish and two electoral wards in the English county of Cumbria and within the boundaries of the historic county of Cumberland. The area offers a wide range of public transport choices and there are ample public parking spaces in the vicinity. There are bus stops located near to the site, the closest being approximately 98ft from the site. Bus service 30 route is Maryport to Thornhill/Frizington and service SX9 is Asby to Workington. Occupiers nearby including Greggs, Age UK, Opticians, Butchers, Restaurants and more.

Location

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Location: 55/55A/55B High Street, Cleator Moor, Cumbria, CA25 5BQ

Corkickle (2.9 miles)

St Bees (3.3 miles)

Whitehaven (3.5 miles)

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