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Lot 13 Sold Prior

21 Main Street & 40 Challoner Street, Cockermouth, Cumbria CA13 9QS

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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.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@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.