Offers in region of
£295,000
(£202.47/sq. ft)
Retail premises for sale78 78A & 78B Lowther Street, Whitehaven, Cumbria CA28
1,457 sq. ft
Just added
Available immediately
Freehold
About this property
Whitehaven is one of the major commercial centres in west cumbria
Prominent position on lowther street
Mixed use commercial and residential premises
No VAT payable on purchase price
The property comprises a Grade II listed three-storey, mid-terraced building under a pitched slate roof dating back to 1835. The layout is arranged as a mixed-use premises, with commercial accommodation on the ground floor and residential accommodation on the upper floors by way of a separate access.
The ground floor benefits from a large glazed frontage onto Lowther Street and is self-contained. The unit is occupied by Raven's Nest, a sustainable vegetarian café and cocktail bar which commenced trading in May 2024. The accommodation comprises an open-plan customer seating area with a prominent bar, together with a large commercial kitchen, office and store located to the rear. Separate male and female WCs are installed and a cellar provides dry storage.
The residential upper floors are self-contained and accessed independently via a side entrance from Lowther Street. The first and second floors each comprise a one-bedroom flat. 78A Lowther Street is currently a self-catering holiday let, and 78B is let on a short-term tenancy agreement.
Location
Whitehaven is one of the major commercial centres in West Cumbria and is the administrative centre for Copeland Borough Council area. The town has a resident population of approximately 25,000, drawing on an estimated catchment of circa 72,000. Recent investment has strengthened Whitehaven's position as a key commercial and service hub, including the Albion Square office development, significant public realm improvements in the town centre, and ongoing regeneration initiatives supported by Cumberland Council, Sellafield Ltd and the UK Shared Prosperity Fund.
The property is prominently positioned on Lowther Street in a pleasant position opposite the Whitehaven Civic Hall and adjacent to Castle Park.
Accommodation
This property has been measured and extends to the following approximate areas:
Terms
The freehold investment is available for sale and offers in the region of £295,000 are invited.
Tenancy schedule:-
78 Raven's Nest £8,400 pax
78A Residential £7,200 pax
78B Residential £8,400 pax
Please note - the annual rental for 78A is an average net rent for the last few years trading due to the Air BnB booking system and cleaning fees that operate.
Services
The property is connected to mains water, drainage, electricity and gas. Each unit benefits from it's own service meter and boiler.
Business Rates
Each part of the property is individually rated, with the commercial occupiers benefitting from 100% Business Rates Relief and the residential occupier being solely responsible for paying the council tax associated with Flat 78B.
Planning
We understand the property holds planning permission under Use Class Drinking Establishment and Residential (C3).
EPC
The property holds the following Energy Performance Asset ratings:
78A Lowther Street: D-63
78B Lowther Street: D-67
An EPC has been commissioned and will be made available shortly for the commercial unit.
VAT
We understand VAT is not payable on the purchase price.
The ground floor benefits from a large glazed frontage onto Lowther Street and is self-contained. The unit is occupied by Raven's Nest, a sustainable vegetarian café and cocktail bar which commenced trading in May 2024. The accommodation comprises an open-plan customer seating area with a prominent bar, together with a large commercial kitchen, office and store located to the rear. Separate male and female WCs are installed and a cellar provides dry storage.
The residential upper floors are self-contained and accessed independently via a side entrance from Lowther Street. The first and second floors each comprise a one-bedroom flat. 78A Lowther Street is currently a self-catering holiday let, and 78B is let on a short-term tenancy agreement.
Location
Whitehaven is one of the major commercial centres in West Cumbria and is the administrative centre for Copeland Borough Council area. The town has a resident population of approximately 25,000, drawing on an estimated catchment of circa 72,000. Recent investment has strengthened Whitehaven's position as a key commercial and service hub, including the Albion Square office development, significant public realm improvements in the town centre, and ongoing regeneration initiatives supported by Cumberland Council, Sellafield Ltd and the UK Shared Prosperity Fund.
The property is prominently positioned on Lowther Street in a pleasant position opposite the Whitehaven Civic Hall and adjacent to Castle Park.
Accommodation
This property has been measured and extends to the following approximate areas:
Terms
The freehold investment is available for sale and offers in the region of £295,000 are invited.
Tenancy schedule:-
78 Raven's Nest £8,400 pax
78A Residential £7,200 pax
78B Residential £8,400 pax
Please note - the annual rental for 78A is an average net rent for the last few years trading due to the Air BnB booking system and cleaning fees that operate.
Services
The property is connected to mains water, drainage, electricity and gas. Each unit benefits from it's own service meter and boiler.
Business Rates
Each part of the property is individually rated, with the commercial occupiers benefitting from 100% Business Rates Relief and the residential occupier being solely responsible for paying the council tax associated with Flat 78B.
Planning
We understand the property holds planning permission under Use Class Drinking Establishment and Residential (C3).
EPC
The property holds the following Energy Performance Asset ratings:
78A Lowther Street: D-63
78B Lowther Street: D-67
An EPC has been commissioned and will be made available shortly for the commercial unit.
VAT
We understand VAT is not payable on the purchase price.
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Monthly repayment
£1,475 per month
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