Retail premises for sale in 9 Oxford Street, Workington, Cumbria CA14

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

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

Mixed use investment property - 15% gross yield

A mixed use investment property producing an income of £10,400 per annum, a gross yield of 15% at the guide price.

It occupies a prominent position in the town and comprises a ground floor shop unit and upper floor flat.

What3words location ///number.darker.young
Ground Floor
Shop - 33'6 x 9'9

Rear Store - 10' x 8'6

WC

Store - 8'6 x 6'

First Floor
Front Sitting Room - 17'6 x 14'3

Kitchen - 15'3 x 8'3

Bathroom - 14'9 x 8'6

Second Floor
Front Bedroom - 14'3 x 10'6 + recess

Rear Bedroom - 15'6 x 8'3

Outside
Rear yard

Tenancies - see legal pack
Shop let at £100 per week = £5,200 per annum

Upper Flat let at £100 per week = £5,200 per annum

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.