Market Place, Cockermouth

MIXED RESIDENTIAL & COMMERCIAL INVESTMENT OPPORTUNITY WITH PROMINENT, PRIME TOWN CENTRE LOCATION

At the heart of Cockermouth's bustling Market Place you will find these prominent shop premises that have been let successfully for a number of years. Cockermouth is renowned for its independent retailers and gem town status attracting residents from throughout the region and holiday makers alike. Market Place has developed into one of the most attractive areas of the town.

A separate entrance off Castlegate leads to a beautiful two bedroom maisonette with spacious accommodation spread over two floors and boasting an abundance of period features including exposed timber beams and natural stone, a curved staircase, sliding sash windows and open fireplaces. Both areas of the building are now let out bringing in a regular income close to £12,000 per annum.

Cockermouth is the birthplace of poet William Wordsworth and the hub for many popular festivals and events making it an alternative quiet tourist destination.

Retail Premises - The Ground floor retail premises are in a prominent corner location in the Market Place, with large window frontage perfect for a range of businesses. The rental income from the premises is around £ 6,000 per annum.
From Market Place, glazed door leading into;

Retail Space - 27'5" x 15'9" - Ground floor retail area with 2 steps up to the rear and opening into;

Rear Storage Area - 10'11" x 7'9 - Useful storage area plus sink unit, door to wc.

Maisonette - The two bedroom maisonette has its own private entrance off Castlegate and overlooks Market Place which is a particularly attractive area of the town. The flat is currently rented out at £495 per calendar month.

Entrance Hall And Staircase - Giving access to

Lounge - 16'1" x 31'6" - Double front aspect with feature fireplace, exposed beams, television point, stone shelves, radiator, seating, carpeted.

Kitchen - Side aspect with timber polished floor and having dedicated dining area. Fitted with a range of base and wall units in beech, dishwasher, integral freezer, double electric oven with hob and chimney style extractor fan, spot lighting, fireplace, radiator

Bedroom One - 16'5" x 14'10" - Double with feature fireplace, built in cupboard, exposed beams and two front aspect windows, radiator.

Bedroom Two - 17'2" x 9'5" - Double bedroom with modern radiator, stone window sills an having side aspect.

Bathroom - 6'10" x 9'4" - With polished timber floor and comprising bath and shower, wash basin and w.c. Velux roof light.

Investment Information - The current rental income from the property amounts to approximately £12,000 per annum which represents a yield in the region of 5%. Both the retail space and maisonette are currently tenanted.

Council Tax - We have been advised by Allerdale Borough Council ) that the Maisonette is placed in Tax Band A.
The shop premises attract Business rates.

Directions - The property is located in the Market Place on the corner with Castlegate.

Viewing Arrangements - To view this property, please contact us on

Notes To Brochure - Please note that all measurements have been taken using a laser tape measure which may be subject to a small margin of error. None of the appliances, heating system or fittings included within the sale have been tested or can be assumed to be in full working order. Purchasers are strongly advised to satisfy themselves by way of survey and their own enquiries. The brochure does not constitute a contract, part of a contract or warranty.

The Consumer Protection Regulations 2008 - Please contact us before viewing the property. If there is any point of particular importance to you we will be pleased to provide additional information or to make further enquiries. We will also confirm that the property remains available. This is particularly important if you are contemplating travelling some distance to view the property.

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