Withdrawn
- Duplex
- 11 Bedrooms
- Tenure: See Legal Pack
Call the team on 01228 510 552 for more information
Residential investment property
A spacious residential investment property currently providing a gross income over £30,000 giving a net yield around 12% with room for further development. The accommodation extends to over 3,500 square feet over two floors above McColls shop on a prominent corner site enjoying sea views. It comprises two flats known as Devonshire House and Beach House Flat - see floorplans. 8 rooms are currently let on a serviced basis (including heating, lighting, wi-fi, cleaning and change of bed linen) providing a gross income in excess of £30,000 pa. The net income is approx £16,000 pa giving a yield of around 12% with scope for growth as there are 11 bedrooms and 6 bathrooms in total.
Tenure
See Legal Pack
To view please call 01946 591200
Energy Efficiency Rating (EPC)
Current Rating F
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Copeland Borough Council
Solicitors
Milburns Solicitors, Oxford House, 19 Oxford Street, Workington, CA14 2AW, Ref: Mr P Marrs, Tel: 01900 67363
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £720 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Floor Plans
Click the image to view the full-sized floorplan.
