Lot
039
Auction Ends: 26/04/2023 14:46 - Bidding opens Tuesday 25th April 10:00 AM

7, 8 & 8a Strand Street, Whitehaven, Cumbria, CA28 7LF

Property Details
Location
Auction Details
Description
A high yielding town centre mixed commercial and residential investment comprising ground floor retail/commercial premises together with two self-contained flats to the upper floors producing a combined annual rental income of approximately £20,400. The ground floor is currently rented by way of a new 6 year lease dated September 2023 at a current rent of £10,400 per annum but. The upper floor flats are let by way of AST agreements at a combined rent of £8,996 per annum.
Location
The property fronts Strand Street, between Duke Street and Lowther Street, a short distance from Whitehaven Marina and the main retail area of Whitehaven town centre. Whitehaven Station is within 500 metres and the A595 can be accessed within 1 mile.
Accommodation

DescriptionAccommodation

7 Strand Street

Ground Floor (Retail)

Basement (Storage)


45 Sq M (484 Sq Ft)*

Not measured

8 Strand Street

First Floor (Flat)


Kitchen-Diner-Living Room, Bedroom, Bathroom

8a Strand Street

Second Floor (Flat)


Kitchen-Diner-Living Room, Bedroom, Bathroom

* Floor areas obtained from VOA website.
Planning
Interested parties should consult direct with the Local Planning Authority: Cumbria County Council, County Offices, Busher Walk, Kendal, LA9 4RQ. Telephone: 01539 713 548. Email: [email protected]
Tenancy
7 Strand Street is currently rented by way of a 15-year lease from April 2020 at a current rent of £15,795 per annum but this lease will be surrendered on completion of the sale and the accommodation offered with vacant possession.

7a and 8a Strand Street are let by way of Assured Shorthold Tenancy agreements at a rent of £86.50 per week (£4,498 per annum) each, producing a combined rent of £8,996 per annum.


7 Strand Street

(Ground Floor & Basement)

6 year lease dated 26th September 2022 at £10,300 per annum

8 Strand Street

(First Floor)

Let at £86.50 p/wk (aaprox £4,498 per annum)

8a Strand Street

(Second Floor)

12 month AST commencing 1st November 2023 at £374.83pcm ( approx£4,497 per annum)

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 25TH APRIL AND CLOSES ON WEDNESDAY 26TH APRIL.

3. The property is entered in the 2017 Rating List as " Restaurant and Premises" with a Rateable Value of £6,300. The Rateable Value (RV) is not the amount payable.

4. The flats are listed with Council Tax assessments in Band A.

5. Energy Performance Certificates: Number 7 = B. Number 8 = C. Number 8a = D.

Our Nearest Office

Cumbria 600x300

Cumbria

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