Mixed use investment property

A substantial, mixed use, investment property in the centre of Cleator Moor which comprises three separate units over 5 floors with a vacant shop unit and two tenanted upper flats. The flat rentals produce almost £9,000 per annum which provides an immediate gross yield of 12% at the guide price without any income from the shop. The shop was previously used a a florists but is suitable for a variety of uses subject to planning.

Tenure

See Legal Pack

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Vacant Ground Floor Shop

Main Shop - 21' wide x 23' deep with good window frontage Rear Store - 13' x 10' Basement - 33'9 x 13' overall with WC

55b - First Floor Flat

Hall Living Room/Kitchen - 23' x 10' Bedroom 1 - 11'3 x 10' Bedroom 2 - 11'6 x 9' Shower Room - 7'9 x 6'9 Let to long standing tenant at £316 pcm

55a - Top Flat on 2nd & 3rd Floors

Hall Bedroom - 13'3 x 11'3 Bedroom Bedroom Bathroom - 10' x 5'6 Lounge - 22'6 x 10'9 Kitchen - 11' x 10'3 Let on AST at £100 per week

Energy Efficiency Rating (EPC)

Current Rating DE

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Copeland Borough Council

Solicitors

Enterprise Prospects Ltd, Ref: Enterprise Prospects Ltd, Tel: 07808 946117

Additional Fees

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

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