01228 510 552
A freehold, town centre investment property occupying a prime position which comprises 4 self-contained residential units plus a vacant former warehouse/office unit behind which is capable of further development subject to planning consent. All 4 units are let producing an immediate income of £20,616 per annum, a gross yield of 16.5% at the guide price.
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Unit 7 - Ground Floor Studio let at £373 per month
Vestibule
Living room/bedroom - 18'3 x 11'3
Kitchen - 6'9 x 4'3
Shower room - 7' x 4'6.
Unit 7a - first & second floor maisonette let at £489 per month
Approached via side passage to rear yard area.
First Floor -
Sitting Room - 13'6 x 11'3
Kitchen - 8'9 x 8'
Second Floor -
Bedroom - 11'3 x 7'6
Bathroom - 11'9 x 7'9.
Unit 9 - ground floor studio let at £373 per month
Vestibule
Living room/bedroom - 14'9 x 13'6 + recess
Kitchen - 10' x 4'
Shower room - 6'9 x 3'9 ave.
Unit 9a - first & second floor maisonette let at £483 per month
Approached via side passage to rear yard area.
First Floor -
Sitting Room - 14'3 x 13'
Kitchen - 10'6 x 8'
Bathroom - 10'9 x 5'
Second Floor -
Bedroom 1 - 12'9 x 7'3
Bedroom 2 - 13' x 10'9
Vacant rear former warehouse/office unit
Services
Water: billed individually to each unit
Electric: 2 bills / 2 supplies - one to 7 / 7A, one to 9 / 9A.
4 individual automated meters.
Gas: 4 supplies, billed directly from provider
EPC Rating
Current rating C
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.
