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9A/9 Oxford Street, Workington, Cumbria, CA14

Fixed Price
£65,000

£60.41 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

1,076 sq ft

100 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: C3 Dwelling Houses and Class E

C3, E

Description

Investment Consideration:
Rental Income: £4,800 p.a.
Flat under rented. ERV: £7,200 p.a. GIY: 11.08%
VAT is NOT applicable to this property
Comprises large 2-bedroom flat at first and second floor with retail shop at ground floor, which has been sold-off on long leasehold
Asset management opportunity, flat under rented
Occupiers close by include Peacocks, Holland & Barrett, Lloyds Bank, Superdrug, Argos, Savers and Specsavers amongst others.

Property Description:
Comprises large 2-bedroom flat arranged over first and second floor and retail shop at ground floor which has been sold-off on long leasehold, providing the following accommodation and dimensions:
First/Second Floor Flat: 100 sq m (1,076 sq ft)
2 bedrooms, kitchen, living room, bathroom
Ground Floor Shop: Sold-off

Tenancy:
The flat is at present let on AST to an Individual for a term of 24 Months from 10th August 2023 at a current rent of £4,800 p.a. Deposit held of £400. Flat under rented. ERV: £7,200 p.a.
The retail shop has been sold-off on long leasehold for a term of 999 years from November 2024 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

9A/9 Oxford Street, Workington, Cumbria, CA14

Approximate location

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.

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