Property photos
£375,000
(£112.67/sq. ft)
Property for sale
Station Street, 4 & 4D, Cockermouth CA133,328 sq. ft
Local area information
Property location
Nearby amenities
- Fairfield Primary School 0.1 miles
- St Joseph's Catholic Primary School 0.3 miles
- Maryport 6.2 miles
- Flimby 6.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
** freehold retail investment **** fully let and income producing **** passing rent £27,400 per annum exclusive **** no VAT payable **4 & 4d Station Street provides two self contained ground floor retail units of a three-storey terrace building. Both units benefit from a single dedicated parking space to the rear and attractive window display frontages. The residential flats to the upper floors have been sold off previously on a long leasehold basis.accommodation / AREASUnit 4 - Memoscan Ltd t/a Mama MiaFront Sales Area: 74.12 sq m 798 sq ftBack Sales Area: 65.36 sq m 704 sq ftCellar - Storage: 47.74 sq m 514 sq ftTotal: 187.22 sq m 2,016 sq ftUnit 4d - Fyne FishFront Sales Area: 78.75 sq m 848 sq ftRear Prep Area/Classroom: 43.24 sq m 465 sq ftTotal: 121.99 sq m 1,313 sq ftSERVICESWe understand mains water, electricity and drainage are connected to the property. Gas is also connected to Unit no. 4.TENUREUnit 4 is currently let to Memoscan Ltd t/a Mama Mia on a new 25 year lease with effect from December 2023 at a rent of £14,400 per annum with rent reviews 5th yearly. There are tenant only breaks in December 2038 and 2043. The tenant is currently in the process of fitting out the unit ready for opening their hot food takeaway.Unit 4d is currently let to Fyne Fish on new 10 year lease with effect from November 2021 at a rent of £13,000 per annum with rent reviews in 2024,2027 and 2030. There are tenant-only breaks in April 2028 and 2030.VATThe property is not registered for VAT. Therefore VAT will not be payable on the sale price.Offers in the region of £375,000 are invited for the freehold interest.
More information
Listed by
Carigiet Cowen Chartered Surveyors
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