Lot 13
Commercial/Residential Investment – Shop, 2 Flats & a Commercial Building – Gross Yield 11.6%
6 Week Completion
Situation
Located at the junction with Challoner Street within the town centre amongst such multiple retailers as Greggs, Boots, Barclays and One-Stop as well as a host of local traders.
Cockermouth is an attractive Georgian Cumbrian market town situated on the border of the Lake District National Park, being approx. 26 miles south-west of Carlisle and 9 miles east of Workington.
Property
21 Main Street - An end of terrace building comprising a Ground Floor Shop and separate access to 2 Large Self-Contained 2 Bed Flats on the first and second floors. In addition, the property includes 1 Parking Space.
40 Challoner Street - An end of terrace 2 Storey Commercial Building which includes a first floor that extends over the ground floor of the rear of 21 Main Street.
VAT is NOT applicable to this Lot
Tenure
Leasehold held on 2 leases:
1000 years from 27th December 1753 (no ground rent currently demanded)
999 years from 1st October 1754 (no ground rent currently demanded)
Note: There is potential to convert the 2 large flats into 4 smaller flats, subject to obtaining possession and the necessary consents.
Click here to view the floor plans.
Video Tour
Click here to view the video tour of Flat 1.
Click here to view the video tour of Flat 2.
Click here to view the video tour of 40 Challoner Street.