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78 King Street, Whitehaven, Cumbria, CA28

Fixed Price
£70,000

£59.83 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

1,170 sq ft

109 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: C3 Dwelling Houses and Class E

C3, E

Key features

  • Rental Income: £6,200 p.a.
  • VAT is NOT applicable to this property
  • Comprises ground floor shop with ancillary at basement and part first floor
  • Includes 3 residential flats at part first and second floor, which have been sold-off

Description

Investment Consideration:
Rental Income: £6,200 p.a.
Gross Initial Yield: 8.86%
VAT is NOT applicable to this property
Comprises ground floor retail shop with ancillary at basement and part first floor
Includes 3 residential flats at part first and second floor, which have been sold-off
Located in the heart of the town centre next to Whitehaven Marina with occupiers nearby including Halifax, Subway, Cinema, Hotels and many more.

Property Description:
Comprises ground floor shop with ancillary accommodation at part first floor and basement. The property includes 3 residential flats at part first and second floor, accessed from the rear which have been sold-off on long leaseholds.
Ground Floor Shop: 101 sq m (1,085 sq ft)
Open plan retail, storage
Part First Floor: 8 sq m (85 sq ft)
Ancillary, 2 WCs
Basement: Not inspected
Part First/Second Floor: 3 Flats (sold-off)
Total Retail GIA: 109 sq m (1,170 sq ft)

Tenancy:
The retail shop is at present let to an Individual for a term of 5 Years from 19th October 2024 at a current rent of £6,000 p.a. and the lease contains full repairing and insuring covenants. Rent review in the 3rd year linked to RPI. Tenant break option in the 3rd year with min 6 months notice. Deposit held of £1,100. Lease within Landlord & Tenant Act 1954
The 3 residential flats have been sold-off for on long leaseholds for a term of 999 Years from 1st January 2007 at a ground rent of £200 p.a.

Location:
Whitehaven is equidistant between Carlisle and Barrow-in-Furness and serves as a retail, service and employment centre to the outlying rural areas. The A595 lies parallel to the town which leads in turn to the M6 at both Carlisle and Kendal. The property is situated in the heart of the town centre next to Whitehaven Marina with occupiers nearby including Halifax, Subway, Cinema, Hotels and many more.

Brochures

78 King Street, Whitehaven, Cumbria, CA28

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Whitehaven Station0.3 miles
  • Corkickle Station0.6 miles
  • Parton Station1.5 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference 78kingstreet. 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 Blue Alpine, London. 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.

Map data ©OpenStreetMap contributors.

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