Freehold Retail and Residential investment
Freehold Retail and Residential investment
The property is situated on the north side of the pedestrianised King Street, in the heart of the town centre. The town is a popular tourist destination located on the West Cumbrian coast and within close proximity to the Lake District National Park.
Freehold.
The property is situated on the north side of the pedestrianised King Street, in the heart of the town centre. The town is a popular tourist destination located on the West Cumbrian coast and within close proximity to the Lake District National Park.
Freehold.
The property comprises a ground floor retail unit together with ancillary accommodation at the rear of the first floor, and three self-contained flats on the upper floors.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit together with ancillary accommodation at the rear of the first floor, and three self-contained flats on the upper floors.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
100.8 sq m 7.9 sq m |
(1,085 sq ft) (85 sq ft) |
PHONES 4U LIMITED (1) Guaranteed by Caudwell Subsidiary Holdings Ltd (2) |
20 years from 28/10/2002 until 2022 on a full repairing and insuring lease | £22,500 | 28/10/2017 (28/10/2022) |
| First & Second |
3 x Residential Flats |
INDIVIDUALS | Let on 125 year long leasehold |
£200 | |||
| Totals | 108.7 sq m |
(1,170 sq ft) |
£22,700 | ||||
(1)Phones 4U operate from over 680 stores across the UK (Source: www.phones4u.co.uk). For the year ending 31/12/2011, Phones 4U
Limited reported a turnover of £773,305,000, pre-tax profits of £113,427,000 and a total net worth of £303,386,000. (Source: www.riskdisk.com 12/06/2013)
(2)For the year ending 31/12/2011, Caudwell Subsidiary Holdings Ltd reported a pre-tax profit of £-231,000 and a total net worth of £94,518,000. (Source: www.riskdisk.com 12/06/2013)
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