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9 Oxford Street, Workington, Cumbria, CA14

Fixed Price
£60,000

£111.52 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

538 sq ft

50 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: Class E

E

Description

Investment Consideration:
Gross Initial Yield: 8.00%
Rental Income: £4,800 p.a.
Shop under rented. ERV: £6,000 p.a. GIY: 10.00%
VAT is NOT applicable to this property
Comprises ground floor retail shop t/a deserts parlour
Situated on a main arterial route within short distance from the pedestrianised area of Pow Street, Washington Square and Ivison Lane
Occupiers close by include Peacocks, Holland & Barrett, Lloyds Bank, Superdrug, Argos, Savers and Specsavers amongst others.

Property Description:
Comprises ground floor shop (Class E), providing the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
open plan retail, storage, kitchen, wc

Tenancy:
The shop is at present let to an Individual for a term of 5 Years from 1st September 2023 at a current rent of £4,800 p.a. and the lease contains full repairing and insuring covenants. Rent review in September 2026 open market upward only. Tenant option to determine at any time with minimum 3 months notice. Deposit held of £400. Shop under rented. ERV: £6,000 p.a.

Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.

Location:
Workington, with a population of some 25,000, is located on the Cumbrian coast and is served by the A66 and A596. Carlisle is some 35 miles north-east, Whitehaven 8 miles to the south, whilst Penrith and the M6 Motorway (Junction 40) are 40 miles to the east. The property is situated on a main arterial route within short distance from the pedestrianised area of Pow Street, Washington Square and Ivison Lane. Occupiers close by include Peacocks, Holland & Barrett, Lloyds Bank, Superdrug, Argos, Savers and Specsavers amongst others.

Brochures

9 Oxford Street, Workington, Cumbria, CA14

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Workington Station0.3 miles
  • Harrington Station2.2 miles
  • Flimby Station3.4 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference 9wokingham. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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