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Commercial Property for sale

19-20 King Street, Whitehaven, Cumbria

Sold STC £195,000

Property Description

Key features

  • Freehold investment
  • Town centre location
  • Prime retail pitch
  • Large sales area

Full description

Tenure: Freehold

A superb freehold investment located in a prime retail pitch within Whitehaven's busy town centre at a guide price of 195,000 pounds.

The property has been fully let to the existing retailer for the past 20 years with a new FRI lease from June 2016 for 10 years and rent of 20,000 pounds per annum from June 2017 with an agreed reduction to £10,000 in year one.

The unit consists of a total sales area of 181 sq. m arranged over two floors with excellent display facilities on the ground floor. Staff office, toilet and kitchen facilities are available on the first floor. There are excellent storage facilities circa 96 sq. m located on the second floor. The total area of the building is circa 280 sq. m.

Whitehaven is the main commercial and residential centre in the borough of Copeland. The property benefits from a location in one of Whitehaven's busiest streets. The town has a residential population of approximately 25,000 and serves as a significant sales and employment centre to outlying areas.

Mains gas, electricity, water and drainage. Gas central heating to the ground and first floors. Telephone line installed subject to BT regulations. Please note - the mention of any appliances and/or services within these particulars does not imply that they are in full and efficient working order.

On foot from the Whitehaven office, turn right on to King Street, the property is on the left just before Lowther Street

Property ref: 121_2614_4253708

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