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Station Street, 4 & 4D
Cockermouth

Investment for Sale — Other
Status: Available

About this property:

** FREEHOLD RETAIL INVESTMENT **
** FULLY LET AND INCOME PRODUCING **
** PASSING RENT 27,400 PER ANNUM EXCLUSIVE **
** NO VAT PAYABLE **

4 & 4d Station Street provides two self contained ground floor retail units of a three-storey terrace building. Both units benefit from a single dedicated parking space to the rear and attractive window display frontages. The residential flats to the upper floors have been sold off previously on a long leasehold basis.

ACCOMMODATION / AREAS
Unit 4 - Memoscan Ltd t/a Mama Mia
Front Sales Area: 74.12 sq m 798 sq ft
Back Sales Area: 65.36 sq m 704 sq ft
Cellar - Storage: 47.74 sq m 514 sq ft
Total: 187.22 sq m 2,016 sq ft

Unit 4d - Fyne Fish
Front Sales Area: 78.75 sq m 848 sq ft
Rear Prep Area/Classroom: 43.24 sq m 465 sq ft
Total: 121.99 sq m 1,313 sq ft

SERVICES
We understand mains water, electricity and drainage are connected to the property. Gas is also connected to Unit no. 4.

TENURE
Unit 4 is currently let to Memoscan Ltd t/a Mama Mia on a new 25 year lease with effect from December 2023 at a rent of 14,400 per annum with rent reviews 5th yearly. There are tenant only breaks in December 2038 and 2043. The tenant is currently in the process of fitting out the unit ready for opening their hot food takeaway.

Unit 4d is currently let to Fyne Fish on new 10 year lease with effect from November 2021 at a rent of 13,000 per annum with rent reviews in 2024, 2027 and 2030. There are tenant-only breaks in April 2028 and 2030.

VAT
The property is not registered for VAT. Therefore VAT will not be payable on the sale price.

Offers in the region of 375,000 are invited for the freehold interest.

Terms: For Sale: 375,000
Size: 309.21 m² (3328 ft²)
Postcode: CA13 9QW
Ref:BB/6852