Retail premises for sale in 65 Senhouse Street, Maryport, Cumbria CA15

For sale by auction on Thursday, 30 May 2024 at 12:00

Venue: The Halston Hotel, 20-34 Warwick Road • CA1 1AB

Freehold, mixed use investment property, fully let 16.3% gross yield

A substantial three storey block of freehold property situated on the corner of Senhouse Street and Furnace Lane. An excellent mixed use investment property comprising a ground floor shop unit and two self contained flats on the upper floors.

The property is fully let producing an immediate income of £13,920 per annum which equates to a gross yield of 16.3% at the guide price.

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Ground Floor Shop - let at £375 pcm
Front Shop - 20' x 13'6

Rear Store

Kitchen

WC

First Floor Flat 65a - let at £385 pcm
Hall

Sitting Room - 12'6 x 11'

Kitchen - 11' x 8'

Bedroom - 10'3 x 9'6 + recess

Bathroom - 6'6 x 5'6

Second Floor Flat 65b - let at £400 pcm
Hall

Sitting Room - 12'6 x 11'3

Kitchen - 11' x 9'3

Bedroom - 9'6 x 9'3

Bedroom - 9'3 x 7'3

Bathroom - 11'9 x 6'3

Outside
Rear passage with Store.

Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.