*Guide | £100,000 - £130,000 (plus fees)
- Retail Property (high street)
- Tenure: Virtual Freehold. The property is held on a 999 year lease at a peppercorn ground rent.
Call the team on 020 7625 9007 for more information
A Mid Terrace Commercial Building Arranged to Provide a Ground Floor Retail Unit with First and Second Floor Ancillary Space Fully Let Producing £12,000 Per Annum
The property comprises a mid terrace commercial building arranged to provide a ground floor retail unit with first and second floor ancillary space.
Tenure
Virtual Freehold. The property is held on a 999 year lease at a peppercorn ground rent.
Location
The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Marks & Spencer, Greggs and Subway The open spaces of Vulcan Park are within easy reach. Transport links are provided by Workington rail station.
Accommodation
Ground Floor Retail Unit Office Storage Rooms G.I.A Approx 52 sq m First Floor Storage Rooms Office G.I.A Approx 33 sq m Second Floor Kitchen Two WC's G.I.A Approx 33 sq m
Tenancy
The property is subject to an FRI lease to an individual T/A Sweet Shop for a term of 10 years commencing 23rd October 2025 at a rent of £12,000 per annum. Rent review is due every three years.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
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 £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
