26 Lowther Street
Whitehaven, Cumbria
For Sale 716 Sq Ft Sale: £345,000 Investment
- OFFERS IN THE REGION OF £345,000 ARE INVITED FOR THE FREEHOLD INVESTMENT
- CURRENT RENTAL INCOME OF £12,000 P.A.
- OPPORTUNITIES FOR FURTHER LETTINGS
- RETAIL, OFFICE & RESIDENTIAL ACCOMMODATION
MIXED USE INVESTMENT
A three-storey building of traditional block construction under a pitched slate roof. The ground-floor commercial unit is self-contained and occupied by a barber shop, accessible via the front door, with an exit door located on the side onto Church St. This comprises an open sales area, a store-room, a separate basin and a WC. An additional room within the ground floor has separate access and was recently let as an office. This is currently vacant.
Access to the remaining parts of the building is located off Church Street. Integral stairs lead to the residential flats above. The first floor known as 63 Church Street, is a one-bedroom flat which has a living room, bathroom and kitchen.
The second floor two-bedroom flat, known as 64 Church Street, has stairs upon entry, which lead to the second floor. The flat is spacious with a landing, living room, bathroom and kitchen.
Both residential units would lend themselves well to Sellafield contractor lettings.
Whitehaven, with a resident population of approximately 25,000 with Workington, approximately 8 miles north, is one of the main population centres for West Cumbria. Whitehaven is the predominant town in the Copeland Borough Council area (now Cumberland Council with Carlisle and Allerdale) and is the nearest population centre to the Sellafield Nuclear Reprocessing Plant, the largest employment site in Cumbria, situated approximately 10 miles south.
The town provides a good range of local amenities, plus the relatively recent office development, Albion Square. The subject property is nearby to Whitehaven's pedestrianised retail core and its Harbour.
The property overlooks the town's St Nicholas Church Park. Nearby operators, including Hays Travel, Betfred, Santander, Costa and a number of private
independent operators for various commercial uses.
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground Floor Commercial Unit | 648 | 60.20 |
| Separate Office | 68 | 6.32 |
| First Floor Flat - 1 bedroom | ||
| Second Floor Flat - 1 bedroom | ||
| Total | 716.00 | 66.52 |
The property is connected to mains water, drainage and electricity. Services have not been tested and interested parties should rely on their own investigations to confirm suitability. Each part has its own service meters.
The ground floor is let to a local covenant who has been in operation for 14 years on a new lease for a term of 7 years from December 2025 at a rent of
£12,000 per annum exclusive.
The ground floor office is currently vacant. ERV for the unit is £300 per month.
Both upper floor flats are currently vacant. The first floor one bedroom flat could achieve up to £500 per month and the second floor two-bedroom flat
up to £800 per month.
SALE PRICE - Offers in the region of £345,000 are invited for the freehold investment.