LANDLORD & TENANT
About this property:
*RARE INVESTMENT AND SALE & LEASEBACK OPPORTUNITY*
*ACTING ON BEHALF OF CUMBERLAND BUILDING SOCIETY*
*RENT TO INCREASE TO £37,000 PER ANNUM ON SALE COMPLETION*
*MIXED COMMERCIAL AND RESIDENTIAL*
Appleby is a popular market town situated approximately 15 miles south east of Penrith and junction 40 of the M6 motorway.
The town sits immediately south, just off the A66 east west trunk road.
The property is situated on Bridge Street, a main thoroughfare within Appleby town centre, just south of the River Eden bridge in an area with a variety of local shops, pubs and a SPAR convenience store.
The building comprises an end of terrace, two story property of sandstone construction under a pitched slate roof.
The ground floor provides two self-contained ground floor only commercial units.
Both have attractive glazed frontages.
No. 12 is currently operating as the Cumberland Building Society branch and No. 10 is operating as the long established café known as Bojangles.
There are 5 self-contained one bedroomed residential flats above.
Offers in the region of £395,000 are invited for the freehold interest.
At completion, the current owners, the Cumberland Building Society, will enter into a new lease on 12 Bridge Street at a rent of £7,500 per annum exclusive for a term of 10 years with a tenant break at the end of year 5.
Other details on the proposed lease are available from the agent.
** NO VAT IS PAYABLE ON THE SALE PRICE **
Terms: For Sale: £395,000
Size: 0.00 m² (0 ft²)
Postcode: CA16 6QH
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