19-23 (Odd) King Street & 1-7 (Odd) New Street Wigton Cumbria CA7 9EH

19-23 (Odd) King Street & 1-7 (Odd) New Street
Wigton
Cumbria
CA7 9EH

Freehold Retail Investment

On behalf of The Co-operative Entirely let until 2035 (subject to option)
Low initial rent
First review (20th March 2015) to Open Market and annual RPI uplifts thereafter (capped between 2%-4%)

Lot
40
Auction
27th May 2010
Rent
£35,000 per Annum
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

On behalf of The Co-operative Entirely let until 2035 (subject to option)
Low initial rent
First review (20th March 2015) to Open Market and annual RPI uplifts thereafter (capped between 2%-4%)

Lot 40
Auction 27th May 2010
Rent £35,000 per Annum
Status Sold Post
Price
Sector
Supermarket/Convenience
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: ?11 miles south-west of Carlisle; 51 miles west of Newcastle upon Tyne
Roads: A596, A595, M6
Rail: Wigton Rail
Air: Newcastle Airport

Situation

The property is situated in the centre of Wigton on King Street, the main road passing through the town centre.

Tenure

Freehold.

Location

Miles: ?11 miles south-west of Carlisle; 51 miles west of Newcastle upon Tyne
Roads: A596, A595, M6
Rail: Wigton Rail
Air: Newcastle Airport

Situation

The property is situated in the centre of Wigton on King Street, the main road passing through the town centre.

Tenure

Freehold.

Description

The property comprises GROUND FLOOR RETAIL ACCOMMODATION with ANCILLARY on first and second floors. The store has been extended to the rear with loading via the side elevation. VATVAT is applicable on this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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	Reviews
Ground First	Retail Storage Storage	533.1 sq m 440.7 sq m 222.7 sq m	(5,738 sq ft) (4,744 sq ft) (2,397 sq ft)	RUSTON RETAIL LTD	25 years from 20/03/2010 until 2035 on a full repairing and insuring lease (1)	£35,000 (2)	2015 and annually thereafter (2)
Totals		1,196.5 sq m	(12,879 sq ft)

(1)?The lease provides for a tenant's option to determine the lease on the fifth anniversary of the term on giving at least six months' written notice. (2)?On the first review date (20/03/2015), the rent will be reviewed to Open Market Rent. All subsequent annual reviews will be to RPI (capped between 2%-4%).