A freehold, industrial unit situated on the Derwent Howe estate in Workington. The building is in basic order with work required on the roof. It extends overall to approximately 1500 square feet . There is no formal lease, but the property has been occupied for 10 years by the current tenant who is paying £5,500 per annum which equates to a gross yield of 22% at the guide price.
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.