Unit 7, Peart Road, Derwent Howe Industrial Estate, Workington, Cumbria CA14 3YT
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Freehold investment property
- Industrial unit
- On Derwent Howe estate
- Building is in need of repair
- Tenanted at £5,500 per annum
- Gross yield 22% at guide price
Description
GUIDE PRICE £25,000+
FOR SALE BY PUBLIC AUCTION ON THURSDAY 22ND MAY 2025 AT THE HALSTON HOTEL, CARLISLE - For bidding registration, please visit auctionhousecumbria.co.uk -A freehold, industrial unit situated on the Derwent Howe estate in Workington. There is no formal lease, but the property has been occupied for 10 years by the current tenant who is paying £5,500 per annum which equates to a gross yield of 22% at the guide price.
Freehold industrial unit
A freehold, industrial unit situated on the Derwent Howe estate in Workington.
The building is in basic order with work required on the roof. It extends overall to approximately 1500 square feet . There is no formal lease, but the property has been occupied for 10 years by the current tenant who is paying £5,500 per annum which equates to a gross yield of 22% at the guide price.
Tenure: See Legal Pack
Administration Fee: 1.2% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Unit 7, Peart Road, Derwent Howe Industrial Estate, Workington, Cumbria CA14 3YT
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Workington Station0.8 miles
- Harrington Station1.6 miles
- Flimby Station4.2 miles
Notes
Disclaimer - Property reference 202504041012sq_j8ej. 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 Auction House Cumbria, Carlisle. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House Cumbria, Carlisle on 01228 937772.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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