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Your search results: Office

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Station Street, 30Keswick

Investment for Sale - Office

*** LAKE DISTRICT LOCATION ***
*** RARE SALE & LEASEBACK INVESTMENT OPPORTUNITY ***

30 Station Street is a two-storey property located in a good secondary trading location, conveniently nestled between Main Street and Fitz Park. The building is well positioned at the top end of Station Street.

Surrounding occupiers include a mixture of national companies and well established local independent retailers who have traded from Keswick for years.

The ground floor comprises a self contained commercial unit currently operating as the Cumberland Building Society Branch.
The first-floor accommodation is a self-contained first floor holiday flat sitting immediately above the Cumberland branch. The space comprises an entrance hallway, two double bedrooms, kitchen/diner, separate WC and cleaning room and is fitted out to a good standard throughout.

ACCOMMODATION AND AREAS
Ground Floor - Cumberland Branch
Branch: 106.97 sq m (1,151 sq ft)

First Floor - Holiday Accommodation
Kitchen/Diner: 28.54 sq m ( 307 sq ft)
Bedroom Master: 17.99 sq m ( 194 sq ft)
Bedroom Twin: 14.25 sq m ( 153 sq ft)
Cleaning Room: 5.72 sq m ( 62 sq ft)
WC

TENURE AND TENANCIES
Ground Floor - Cumberland Branch
(currently owner occupied)
On sale completion, the vendor agrees to enter in to a new lease on the following terms: -
• Term – 20 years with effect from sale completion
• Rent - £20,000 per annum exclusive
• Breaks – End of Years 5, 10 and 15
• Rent Reviews – End of Years 5, 10 and 15
• Repair – IRI

First Floor - Holiday Accommodation
The holiday accommodation is managed by a third party. The average net income after management costs and services for the 2022 and 2023 years is approximately £13,500 per annum.

SALE PRICE
Offers in the region of £575,000 are invited for the sale and leaseback freehold investment. At completion, the current owners, the Cumberland Building Society, will enter into a new lease with effect from sale completion. Other details on the proposed lease are available from the agent.

The holiday let accommodation above will continue as is, but could be converted to alternative uses or other forms of residential, subject to planning and discussion with the Local Planning Authority.

Terms: For Sale: £575,000

Size: 173.47 m² (1867 ft²)

View Details Status: Available
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King Street, 41Penrith

Investment for Sale - Office

***AVERAGE RENTAL INCOME AROUND £70,000 PER ANNUM***
***FREEHOLD INVESTMENT***
***TOWN CENTRE LOCATION***
***MIXED COMMERCIAL AND RESIDENTIAL***

A Grade II listed building arranged over three floors. The ground floor is currently fitted out and trades as a good quality restaurant with direct access from King Street, and also a secondary access from Rowcliffe Lane at the rear.
The first and second floors at the front of the building are currently fitted out as office suites with their own dedicated access off King Street.

The rear section of the building has been converted to provide a mixture of 4 no. 1 bed flats and 2 no. 2 bed flats which are privately rented on Assured Shorthold Tenancy agreements.

ACCOMMODATION/AREAS
Ground Floor Restaurant
Restaurant & Bar Area 92 sq m (990 sq ft)
Kitchen, Prep & Storage 38 sq m (410 sq ft)
Entrance Area & WCs 18.3 sq m (200 sq ft)

First & Second Floor Offices
First Floor Office & Ancillary
79 sq m (850 sq ft)
Second Floor Office & Ancillary
83.5 sq m (900 sq ft)

Second Floor Storage (above 1.5m)
14 sq m (150 sq ft)

Residential Flats
Flat 1 – 1 bedroom 23.25 sq m (250 sq ft)
Flat 2 – 1 bedroom 27.87 sq m (300 sq ft)
Flat 3 – 1 bedroom 24.22 sq m (260 sq ft)
Flat 4 – 1 bedroom 25.51 sq m (275 sq ft)
Flat 5 – 2 bedroom 55.75 sq m (600 sq ft)
Flat 6 – 2 bedroom 46.45 sq m (500 sq ft)

Offers in the region of £775,000 + VAT are invited for the sale of the freehold investment.

Terms: For Sale: £775,000 + VAT

Size: 0.00 m² (0 ft²)

View Details Status: Available

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