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Lot 31 Sold Prior

62 King Street & 34-36 Lowther Street, Whitehaven, Cumbria CA28 7JS

  • Photo1
  • Photo2

Lot 31

Gross Yield 11.7%
4 Week Completion

Situation

Occupying a prominent trading position on the corner of King Street and Lowther Street, amongst a host of multiple retailers including NatWest, Topshop, Boots Pharmacy, Burton, BHF, Superdrug and many more.
Whitehaven is a popular commercial centre located approx. 35 miles south-west of Carlisle benefitting from good road links via the A595.

Property

A substantial 3 storey corner building comprising 2 Ground Floor Retail Units (one with Basement) plus separate front entrance to Self-Contained Office Accommodation at first and second floor levels.

VAT is applicable to this Lot

Freehold

Note: The Freeholder manages and insures the building.
The current sum insured is £1,133,000 and the current premium is £1,710 plus IPT.

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Joshua Platt

Joshua Platt
020 8492 9449
jplatt@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.