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25-29 Murray Road, Workington

Guide Price
£540,000

£44.24 per sq ft

Business rates & charges may apply

Savills, Savills Auctions- Commercial
SIZE AVAILABLE

12,205 sq ft

1,134 sq m

SECTOR

Mixed use property for sale

Key features

  • High Yielding Mixed Use Investment
  • Two Retail Units and Upper Parts
  • Fully Let to Three Tenants on Recently Signed Renewal Leases
  • Ground Floor Let to Specsavers and Boots
  • Upper Parts Let to a Gym
  • Attractive WAULT of Approx 4 Years to Expiry
  • Development Potential (subject to consents)
  • 12,205 sq ft (1,133.84 sq m)
  • Prominent Corner Pitch
  • Investment Let at £54,700 p.a. (10.13% GIY on Guide Price)

Description

The property comprises a high yielding mixed-use investment opportunity let to three tenants including Specsavers and Boots.

Arranged as two ground floor retail units with a gym to the first and second floors, the property is fully let to three tenants on recently signed renewal leases and producing a total £54,700 per annum.

The ground floor retail units are let to Boots and Specsavers at £28,500 p.a. and £15,700 p.a. respectively, both are long-standing tenants of 15+ years, on recently renewed five year leases, displaying confidence in the location.

The upper parts are let to Intrim Fitness Centres, also recently renewed, on a five year lease expiring 13.03.2029 and producing £10,500 per annum.

Please see the accommodation/tenancy schedule for more information.

The property benefits from a prominent frontage to Murray Road, one of the principal retail streets in Workington. The area therefore benefits from high footfall and is characterised by a number of local and national retailers including Superdrug, Savers, Cancer Research and Salvation Army.

Brochures

25-29 Murray Road, Workington

NEAREST STATIONS

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

About Savills, Savills Auctions- Commercial

33 Margaret Street, London, W1G 0JD

Notes

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