Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
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. The tenant has been in occupation for 20+ years.
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.
Tenure
Freehold
Tenancy
Please see the accommodation/tenancy schedule for more information.
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).