1A Main Street
Egremont, Cumbria, CA22 2DJ
For Sale 0 of 1,054 Sq Ft Sale: On Application
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CURRENT GROSS RENTAL INCOME £26,000 PER ANNUM
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RESIDENTIAL AND COMMERCIAL USES
OFFERS INVITED FOR THE FREEHOLD INVESTMENT
1A Main Street is a three-storey mid terraced building of traditional block construction with a painted pebbledash finish, under a pitched tiled roof. The building has been owner-operated by KF Kitchens as a showroom and workshop premises with residential above. Disc zone parking is available in front.
Internally, the ground floor comprises an open-plan sales area with an office to the rear.
There is a detached rectangular-shaped workshop with a parking space and self-contained access to the four let and income-producing residential bedsits, inclusive of their own WCs and kitchens, arranged over the two upper floors. The commercial parts are suitable for further owner occupation or being let off as investments.
At present, the four residential bedsits are let individually and generate a rental income of £26,000 per annum. The rental income on the building could be increased, subject to letting out the rear workshop and showroom.
Egremont is positioned towards the west coast in the county of Cumbria, approximately 6 miles south of Whitehaven and conveniently positioned approximately 5 miles north of the Sellafield nuclear plant facility, one of the largest employers in the county.
Egremont town centre is largely made up of small-scale retail operators, plus some national representation through the likes of Betfred, Greggs, Heron Foods and Co-Op. In addition, there are a large number of private independent retailers for various cafés, sandwich bars and barber shops. The town draws on its proximity to Sellafield, which sees many contractors basing themselves close to Egremont and the surrounding area midweek.
| Description | Sq Ft | Sq M |
|---|---|---|
| 1A Main Street | 647 | 60.11 |
| 1A Main Street | 407 | 37.81 |
| 1A Main Street | ||
| 1A Main Street | ||
| Total | 1,054.00 | 97.92 |
We understand mains water, electricity (3-phase) and drainage are connected. There are individual meters for each flat, shop and workshop.
£265,000 for the sale of the freehold investment.