Nearby occupiers include Peacocks, Boots the Chemist, Costa, Greggs, Clarks and WHSmith
VAT-free investment
High yielding on Guide Price
Lot 42
Auction 5th December 2018
Rent £19,360 per Annum
Status Sold
Price £120,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
38 miles south-west of Carlisle
Roads
A595, A66, M6
Rail
Whitehaven Railway Station
Air
Newcastle Airport
Situation
The property is located on the north-western side of the pedestrianised King Street, with nearby occupiers including Peacocks, WHSmith, Greggs, Clarks and Costa. Other occupiers on King Street include Boots the Chemist, Poundland, M&Co and Superdrug.
Tenure
Freehold.
Location
Miles
38 miles south-west of Carlisle
Roads
A595, A66, M6
Rail
Whitehaven Railway Station
Air
Newcastle Airport
Situation
The property is located on the north-western side of the pedestrianised King Street, with nearby occupiers including Peacocks, WHSmith, Greggs, Clarks and Costa. Other occupiers on King Street include Boots the Chemist, Poundland, M&Co and Superdrug.
Tenure
Freehold.
Description
The property is a three storey building comprising a ground floor shop with first and second floor residential accommodation that is separately accessed.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a three storey building comprising a ground floor shop with first and second floor residential accommodation that is separately accessed.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground
Retail/Ancillary
94.76 sq m
(1,020 sq ft)
P.A. RICKERY & L. GAYTHWAITE t/a Cumbria Travel (1)
5 years from 18/12/2014
£10,000
First
Residential - Two bedroom flat
-
(-)
AN INDIVIDUAL
AST for 6 months from 16/06/2012 (holding over)
£4,800 (2)
Second
Residential - Two bedroom flat
-
(-)
AN INDIVIDUAL
AST for 1 year from 25/02/2015 (holding over)
£4,560 (2)
Total
94.76 sq m
(1,020 sq ft)
£19,360
(1) Cumbria Travel trades from two shops in Whitehaven and Workington (Source: www.cumbria-travel.com 02/11/2018). (2) Annual equivalent rent.
