Commercial investment property - 20% gross yield

A tenanted shop and two freehold ground rents producing a gross yield in excess of 20% at the guide price.

Tenure

See Legal Pack

The Shop

Front Shop - 22' x 20' approx with Store behind and useful Cellar storage with vehicular access via a roller door from John Street. The shop is currenty let at £300 per calendar month - see legal pack.

Two Freehold Ground Rents

The freehold includes the two flats on the upper floors which are each let on 999 years leases from 2018 at an initial annual ground rent of £250 which doubles every 25 years.

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Allerdale Borough Council

Additional Fees

Administration Charge - £900 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.