01228 510 552
A mixed use, investment property occupying a prominent position in this sought after market town on the fringe of the Lake District National Park. The property comprises a ground floor shop unit which is let at £14,400 per annum and a self-contained first floor flat let on an Assured Shorthold Tenancy at £525 per month giving a total income of £20,700 per annum which equates to a gross yield of 16.56% at the guide price.
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Ground Floor Shop
Main Shop area 22'9 wide x 20' deep
Rear Store 7'9 x 7'
Rear Office area 9'6 x 5'6 inc WC
First Floor Flat
Hall
Living Room 14'6 x 14'
Kitchen 13' x 10'
Bedroom 14'9 x 10'6
Bedroom 14'9 x 12'6
Bathroom 8' x 5'9
Boxroom
Tenancies
The shop is let at £14,400 per annum and the flat on an Assured Shorthold Tenancy at £525 per month giving a total income of £20,700 per annum which equates to a gross yield of 16.56% at the guide price.
VAT
VAT will be applicable on 45% of the purchase price. See legal pack for full details. Interested parties are advised to consult their own solicitor and accountant for advice on this matter.
EPC Rating
Current rating CC
Council Tax Band
Current rating A
Tenure
See Legal Pack
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Cumberland Council
Additional Fees
Admin charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Please ask the branch for further details.
