New Market Street, 26
Ulverston
About this property:
FREEHOLD INVESTMENT - FIRST AND SECOND FLOOR FLATS AVAILABLE WITH VACANT POSSESSION
NO VAT PAYABLE ON THE PURCHASE PRICE
LOCATION
The property is positioned to the west side of New Market Street, one of the town’s principal retail pitches, situated within a mid-terraced location close to Poole Townsend Estate Agents, Bargain Brands and Ulverston Markets.
DESCRIPTION
At ground floor level is a Cumberland Building Society trading branch. Above are two residential flats access to which is gained from the rear of the property via a separate designated entrance.
Both flats include: a large open plan living room with a kitchen area, a good-sized double bedroom, and a bathroom with a built in airing cupboard.
ACCOMMODATION OF FIRST & SECOND FLOOR FLATS
First Floor Flat:
Bedroom: 177 sqft (16.48 sqm)
Dining/Living: 450 sqft (41.83 sqm)
WC
Total: 628 sqft (58.31 sqm)
Second Floor Flat:
Bedroom: 250 sqft (23.24 sqm)
Dining/Living: 450 sqft (41.83 sqm)
WC
Total: 700 sqft (65.07 sqm)
Sale/ Lease Terms
Offers in the region of £275,000 are invited for the freehold interest.
At completion, the current owners, the Cumberland Building Society, will enter into a new 999-year lease at a peppercorn rent relating to the ground floor of the property. Other details on the proposed ground floor lease are available from the agents.
VAT
We understand VAT is not payable on the purchase price.
Terms: For Sale: £275,000
Size: 0.13 hectares (0.32 acres)
Postcode: LA12 7LN
Ref:IH/6029
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