35 Murray Road, Workington, Cumbria, CA14

Investment Consideration:
Vacant possession
ERV: £15,000 p.a. GIY: 10.00%
VAT is applicable to this property
Comprises ground floor shop with ancillary accommodation at first and second floor
Property benefits from rear access, providing residential development potential, STTP
Located in the town Centre, directly between Oxford Street and Washington Square shopping centre, which is the main shopping and social destination within Workington
Occupiers nearby including Superdrug, Boots, Sports Direct, Specsavers, Greggs and Subway.

Property Description:
Comprises mid-terrace ground floor shop with ancillary accommodation above. The property benefits from rear access and provides the following accommodation and dimensions:
Ground Floor: Open plan retail, storage
First Floor: Ancillary, office, storage
Second Floor: Ancillary, office, storage
Total GIA: 118 sq m (1,270 sq ft)

Tenancy:
The property is at present vacant. ERV: £15,000 p.a.

Tenure:
Virtual freehold. Held on a 999 year lease from 18th August 2016 at a ground rent of peppercorn.

Location:
Workington is a coastal town at the mouth of the River Derwent on the west coast in the Allerdale borough of Cumbria. The town lies to the west of the Lake District and approximately 32 miles south-west of Carlisle. The town benefits from railway connections via Workington train station, which runs between Carlisle and Barrow-in-Furness. The subject property is located in the town Centre, directly between Oxford Street and Washington Square shopping centre, which is the main shopping and social destination within Workington, with a good mix of national and local occupiers nearby including Superdrug, Boots, Sports Direct, Specsavers, Greggs and Subway.