69 King Street & 13 Strand Street Whitehaven Cumbria CA28 7LE

69 King Street & 13 Strand Street
Whitehaven
Cumbria
CA28 7LE

Freehold Retail and Residential Investment

  • Shop let to tenant trading as Cumbria Travel
  • 2017 tenant break option not exercised
  • Two x 2 bedroom flats above let on ASTs
  • Nearby occupiers include Peacocks, Boots the Chemist, Costa, Greggs, Clarks and WHSmith
  • VAT-free investment
  • High yielding on Guide Price
  • Lot
    42
  • Auction
    5th December 2018
  • Rent
    £19,360 per Annum
  • Status
    Sold
  • Price
    £120,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
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  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Shop let to tenant trading as Cumbria Travel
  • 2017 tenant break option not exercised
  • Two x 2 bedroom flats above let on ASTs
  • Nearby occupiers include Peacocks, Boots the Chemist, Costa, Greggs, Clarks and WHSmith
  • VAT-free investment
  • High yielding on Guide Price
  • Lot 42
  • Auction 5th December 2018
  • Rent
  • Status Sold
  • Price £120,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
38 miles south-west of Carlisle
Roads
A595, A66, M6
Rail
Whitehaven Railway Station
Air
Newcastle Airport
Situation

The property is located on the north-western side of the pedestrianised King Street, with nearby occupiers including Peacocks, WHSmith, Greggs, Clarks and Costa. Other occupiers on King Street include Boots the Chemist, Poundland, M&Co and Superdrug.

Tenure

Freehold.

Location
Miles
38 miles south-west of Carlisle
Roads
A595, A66, M6
Rail
Whitehaven Railway Station
Air
Newcastle Airport
Situation

The property is located on the north-western side of the pedestrianised King Street, with nearby occupiers including Peacocks, WHSmith, Greggs, Clarks and Costa. Other occupiers on King Street include Boots the Chemist, Poundland, M&Co and Superdrug.

Tenure

Freehold.

Description

The property is a three storey building comprising a ground floor shop with first and second floor residential accommodation that is separately accessed.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is a three storey building comprising a ground floor shop with first and second floor residential accommodation that is separately accessed.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x
Ground Retail/Ancillary
94.76 sq m
(1,020 sq ft)
P.A. RICKERY & L.
GAYTHWAITE
t/a Cumbria Travel
(1)
5 years from 18/12/2014 £10,000
First Residential -
Two bedroom flat
-
(-)
AN INDIVIDUAL AST for 6 months from
16/06/2012 (holding over)
£4,800 (2)
Second Residential -
Two bedroom flat
-
(-)
AN INDIVIDUAL AST for 1 year from
25/02/2015 (holding over)
£4,560 (2)
Total
94.76 sq m
(1,020 sq ft)
    £19,360

(1) Cumbria Travel trades from two shops in Whitehaven and Workington (Source: www.cumbria-travel.com 02/11/2018).
(2) Annual equivalent rent.

Property Documents

  • Site Plan
    Updated Date
    13.11.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    13.11.18
    File Size
    818 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Bude Nathan Iwanier 1 - 2 Temple Fortune Parade
London
NW11 0QN
0208 458 5065
Booky Dubiner 0208 458 5656bd@bnilaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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