Withdrawn
Withdrawn Prior
Sold
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Sold Post
The property comprises a high yielding retail investment opportunity occupying a prominent corner pitch in the heart of Whitehaven.
Arranged across ground, first and second floors, the property is principally let to The Haven Homes Centre, a longstanding tenant of over 25 years, paying a rent of £58,236 per annum. We understand no formal lease agreement exists however the tenant has served a Section 26 notice requesting a new 10 year lease of the ground and first floors at £40,000 per annum.
74 Market Place is arranged across ground floor only and is let to a tenant trading as Baccy Bird and paying £1,080 per annum. We understand no formal lease agreement exists however the tenant has been in occupation for over 10 years.
The property therefore presents an evident asset management opportunity via formalisation of the current occupancy, which is on an informal basis. There may also be further opportunities to obtain vacant possession of upper parts in order to potentially convert to alternative uses (subject to obtaining any requisite consents).
The property occupies a prominent corner pitch fronting both the partially-pedestrianised Market Place, the Market Square and Whitehaven Waterfront. Nearby occupiers include Costa, Greggs and Newlook
Tenure
Freehold
Rent
Notes
Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Some of the photos are historic and are for illustrative purposes.
The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.