Lot
041
Auction Ends: 28/02/2024 - Bidding opens Tuesday 27th February 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 £19,400. 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. The upper floor flats are let by way of AST agreements at a combined rent equivalent to approximately £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
Pugh & Co have not inspected the property internally at this stage
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 let by way of a 6 year lease dated 26th September 2023 at £10,400 per annum

8a Strand Street is let by way of a 12 month AST dated 1st November 2023 at £374.83 pcm

8 Strand Street is let by way of a 12 month AST dated 22nd April 2020 at £374.83 pcm

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 27TH FEBRUARY AND CLOSES ON WEDNESDAY 28TH FEBRUARY.

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 = D. Number 8a = D.

6. The ground floor retail unit is currently in the process of being fitted out and we are advised it should be ready and trading by February.

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