Retail premises for sale in Tangier Street, Whitehaven CA28

Retail Investment Property
• Hot food takeaway shop and upper floor ancillary accommodation
• Let until 30 June 2030 at a current rent of £7,320 per annum
• Well situated close to the marina, town centre and bars
• West Cumbrian harbour town
• Excellent investment opportunity

Location
Whitehaven is a harbour town, situated in west Cumbria, with a population of around 25,500. Originally a coal mining and exporting area, it is now popular with visitors to the marina, has many local businesses and offices serving the Sellafield nuclear site. It is 65 miles from the M6 at Penrith via the A66, and 39 miles from Carlisle and has a railway station on the Cumbria Coast Line. Local facilities include two secondary schools, independent shops, pubs, a leisure centre, rugby league ground and visitor attractions including The Beacon Museum, Rum Story and marina. Major retailers in the town include Wilkos, B&M, Argos, Peacocks, Boots, Home Bargains, Tesco and Morrisons. The property is situated fronting Tangier Street close to the marina, the town centre shopping area and bars.

Description
The property comprises a 3-storey terrace building with a ground floor takeaway shop/ kitchen with ancillary upper floor accommodation.

Accommodation & Floor Areas
Floor Description Sqm Sqft
Ground Shop 29.3 316
Kitchen 17.0 183

First Room 1 3.46m x 4.66m
Shower Room/ WC -
Second Room 2 3.55m x 4.65m

All references to areas and dimensions are deemed to be approximate.

Services
We are advised that mains water, electricity, gas and drainage are connected to the property. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

Fixtures & Fittings
Any items in the nature of fixtures and fittings not referred to in these particulars are excluded.

Tenure
We are advised the property is freehold.

Tenancy Agreement
The property is subject to a 10-year lease to E Hossain commencing 1 July 2020 and expiring 20 June 2030 at a rent of £7,320 per annum, subject to 3 year rent reviews. The tenant is responsible for repairs and outgoings. A copy of the lease is available on request.

Rates
Description in list: Shop & premises
Rateable Value: £2,450

The property qualifies for 100% small business rates relief.

Energy Performance Certificate
Energy Rating: E. A copy of the EPC is available on our website.

Vat & Stamp Duty
All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Stamp duty is liable at the prevailing rates.

Finance
If you require financial assistance, we can refer you to a local professional who can advise on sources of finance and prepare a business plan which most lenders now require.

Legal Costs
Each party will bear their own legal costs incurred in the transaction.

Money Laundering Legislation
Estate Agents are obliged to obtain evidence of identity and proof of address of buyers and tenants to comply with Anti-Money Laundering Legislation, prior to acceptance of an offer.