25-29 Murray Road, Workington
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
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.
- 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
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
25-29 Murray Road, Workington
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