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SOLD STC

17 Bessemer Court, Adams Road, Workington, Cumbria, CA14

£72,000

£90.00 per sq ft

Business rates & charges may apply

Sandringham Investments, Harrow
SIZE AVAILABLE

800-824 sq ft

74-77 sq m

SECTOR

Light industrial facility for sale

USE CLASSUse class orders: B1 Business, B2 General Industrial and B8 Storage and Distribution

B1, B2, B8

Key features

  • Roller shutter door
  • Fully repairing and insuring lease
  • Great investment
  • Caretaker on site
  • 824 sq ft
  • Passive investment

Description

PRICE - £72,000 | RENT - £6,500 p.a. | YIELD - 9%

TENANCY
Unit 17 is let at £6,500 per annum on a 10-year full tenant repairing lease with 3 yearly rent reviews to the greater of RPI or market rent. The lease is subject to a tenant-only break clause at the fifth year of the term subject to 12 months prior written notice

LOCATION
Workington is located on the Cumbrian coast and has a population of circa 25,000 people. It is an ancient market and industrial town at the mouth of the River Derwent, and is the main shopping centre for west Cumbria. Some parts of the town north of the River Derwent date back to Roman times. It was in the 18th century, with the exploitation of the local iron ore and coal pits, that Workington expanded to become a major industrial town and port.

17 Bessemer Court, Adams Road, Workington, Cumbria, CA14

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Workington Station0.7 miles
  • Harrington Station1.6 miles
  • Flimby Station4.2 miles

About Sandringham Investments, Harrow

1-3 Manor Chambers, Manor Parade, Sheepcote Road , Harrow, HA1 2JN

Notes

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