Investment - 73 & 73A High Street
CLEATOR MOOR, Cumbria CA25 5BW
For Sale 5,230.13 Sq Ft Sale: £245,000 Guide Price
- TWO GROUND FLOOR COMMERCIAL UNITS BOTH LET
-
TWO 4 BEDROOM RESIDENTIAL FLATS - ONE LET
THE SECOND 4 BEDROOM FLAT WITH GARAGE AREA REQUIRES FULL REFURBISHMENT - NO VAT PAYABLE
- EXTERNAL CAR PARKING AREAS PROVIDED
- TO THE FRONT OF THE PROPERTY IS PULL IN PULL OUT DISC ZONE PARKING
FREEHOLD INVESTMENT FOR SALE
73/73A High Street briefly comprises an end of terrace three storey property providing a two self contained ground floor retail units and two self contained four bedroom residential flats above.
73A Ground Floor Commercial Unit - which is situated on the front right hand elevation of the property is currently let to a wool and fabric alterations and retailer. The unit comprises ramped access, an open space ground floor retail unit, internal storage space and a WC.
73A Residential Flat - is currently occupied on a residential tenancy and comprises a spacious 4 bedroom flat, extensive kitchen, large living room area and bathroom. In addition, the ground floor entrance area also provides an unused further room and a shower room on the landing area.
73 Ground Floor Commercial Unit - which is situated on the front left hand elevation of the property is currently let as a sweet shop. The unit comprises ramped access, an open plan retail sales area, integral storage, staff kitchen and WC.
73 Residential Flat - this part of the property is currently vacant. The space comprises of a large 4 bedroom flat with kitchen, large living room and bathroom. In addition, to the ground floor is a garage area. This part of the property requires full refurbishment currently.
Externally, car parking areas are provided to the rear and are associated with the building. To the front, pull in pull out disc zone parking is provided immediately on High Street.
Cleator Moor is a town with a population of approximately 7,000, located within West Cumbria with close proximity to the larger towns of Whitehaven and Egremont. The town benefits from close proximity to the Sellafield nuclear plant 8 miles away, allowing the location to be a convenient position for many workers to live, who commute regularly to the plant.
The property is situated slightly off the main pitch of the high street but within close proximity to Greggs, Cumberland Building Society and numerous private independent retailers for various uses.
A large number of surrounding buildings are residential properties.
The location of the subject property is shown circled red on the plan adjacent.
| Description | Sq Ft | Sq M |
|---|---|---|
| 73 Ground Floor Unit | 664 | 61.70 |
| 73A Ground Floor Unit | 1,043 | 96.89 |
| Flat 73A (Occupied) | 1,834 | 170.38 |
| Flat 73 (Vacant) | 1,689 | 156.91 |
| Total | 5,230.13 | 485.88 |
The property is connected to mains water, gas, electricity and drainage. Main meters to the property have been sub-metered for each of the individual parts
The freehold investment is being offered FOR SALE, subject to the
existing occupational agreements at a sale price of £245,000. The total passing rent on
the property is currently are as follows: -
Ground Floor Unit 73A - £7,800 per annum
Ground Floor Unit 73 - £5,700 per annum
Residential Flat 73A - £7,200 per annum
Residential Flat 73 - VACANT