25-29 Murray Road, Workington

Guide price

£540,000

Size

12,205

Tenure

Freehold

EPC

Parking

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Primary use
Other leisure

No floor / site plan

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.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Business for sale
No
Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

25-29 Murray Road, Workington

NEAREST STATIONS

National Rail

Workington Station

0.42 miles

National Rail

Harrington Station

2.25 miles

National Rail

Flimby Station

3.37 miles

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Disclaimer - Property reference F2CF5448-8A98-4433-BC7D-A78D2530AB14. 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 Savills National , Savills Auctions- Commercial. 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.