PRICE - £72,000 | RENT - £6,500 p.a. | YIELD - 9%
TENANCY
Unit 16 is let at £6,500 per annum on a 10-year full tenant repairing lease with 3 yearly rent reviews to the greater of RPI or market rent. The lease is subject to a tenant-only break clause at the fifth year of the term subject to 12 months prior written notice
LOCATION
Workington is located on the Cumbrian coast and has a population of circa 25,000 people. It is an ancient market and industrial town at the mouth of the River Derwent, and is the main shopping centre for west Cumbria. Some parts of the town north of the River Derwent date back to Roman times. It was in the 18th century, with the exploitation of the local iron ore and coal pits, that Workington expanded to become a major industrial town and port.
