Investment Property in Cumbria - Retail Shop, 5 Flats, £31,920 Annual Income, Prime Location
Workington, Cumbria
- Status
UNDER OFFER
- Date Submitted:
23/02/23
- Advert ID
508846
- Reference
MA1326 / Rightbiz
- Call Agent:
- Freehold: £270,000
- Turnover: £31,920 (£614 Per week)
- Net Profit: On request
Business Details
Mixed Use Investment Property in West Cumbria
• Ground floor retail shop and 5 upper floor flats
• Current annual rental income £31,920 per annum
• On main thoroughfare close to town centre & facilities
• West Cumbrian regional town
Overview
The property is an investment opportunity with a shop and 5 flats all currently let with a total annual rental income of £31,920 per annum.
Location
Workington is a coastal town, situated in west Cumbria, with a population of around 25,200. Until recently a coal and steel producing town, it now has a range of other small industries and a popular shopping centre. It is 38 miles from the M6 at Penrith via the A66 and has a railway station on the Cumbria Coast Line. Local facilities include a secondary school, supermarkets, a retail park, independent shops, pubs, cafes, a leisure centre, parks and rugby league ground. Major retailers in the town include Next, River Island, Boots, HMV, WH Smiths, JD Sports and Sports Direct. The property is situated fronting Oxford Street, a main throughfare through the town close to the main shopping centre and amenities.
Description
A three-storey stone building being at the end of a terrace block. It includes a ground floor double fronted shop and five flats on the upper floors with access from an entrance via the rear of the building.
Accommodation & Floor Areas
Shop
Sales Areas 76.6 sqm (825 sqft)
Office 4.0 sqm (43 sqft)
Kitchenette 5.0 sqm (54 sqft)
WC
Rear Entrance Lobby
Flats
Entrance lobby and stairs to landings.
Flat 1 has an entrance on the first floor with an aspect to the rear and includes a Bedroom, Bathroom and stairs to an upper floor Kitchen/ Living Room.
Flat 2 has an entrance on the first floor with an aspect to the front and includes a Living Room/ Kitchen, Bedroom and Shower Room.
Flat 3 has an entrance on the first floor with an aspect to the front and includes a spacious Living Room/ Kitchen, Bedroom and Bathroom.
Flat 4 has an entrance on the second floor with an aspect to the front and includes a spacious Living Room/ Kitchen, Bedroom and Bathroom.
Flat 5 has an entrance on the second floor with an aspect to the front and includes a Living Room/ Kitchen, Bedroom and Shower Room.
All references to areas and dimensions are deemed to be approximate.
Listed by Mere Commercial
Tel 017684 83498
Contact Agent
Listing Statistics
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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