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Investment Highlights

  • Existing offices adjacent to Dixons department store and retail fringe
  • Centrally located Grade II listed building opposite civic hall and library
  • Property requires full refurbishment internally
  • Could suit alternative commercial use or conversion, subject to planning

Executive Summary

The property comprises a Grade II listed building previously used as Council offices, being currently arranged as office space with return frontage to Scotch Street and Lowther Street. 450,000 for the freehold interest in the property, or £45,000 per annum, exclusive of business rates, VAT and all other outgoings.

Attachments

Brochure

Property Facts

Sale Type
Investment or Owner Occupier
Property Type
Office
Tenure
Freehold
Property Size
5,849 sq ft
Costar Property Class
C
Year Built
1875
Price
£450,000
Price per sq ft
£76.94
Yield
10%
NOI
£45,000
Occupancy Rate
41%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
1,462 sq ft
Plot ratio
3.36
Total Plot Size
0.04 ac

Amenities

  • Storage Space
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Ground
  • 1,908 sq ft
  • Office
  • Shell And Core
  • Now

The property comprises a Grade II listed building previously used as Council offices. The property comprises 3461 sf of office space and then a further 672 sf of storage space available to let on a term to be agreed at a rental of £45,000 pa.

  • 1st Floor
  • 1,553 sq ft
  • Office
  • Shell And Core
  • Now

The property comprises a Grade II listed building previously used as Council offices. The property comprises 3461 sf of office space and then a further 672 sf of storage space available to let on a term to be agreed at a rental of £45,000 pa.

Space Size Space Use Condition Available
Ground 1,908 sq ft Office Shell And Core Now
1st Floor 1,553 sq ft Office Shell And Core Now

Ground

Size
1,908 sq ft
Space Use
Office
Condition
Shell And Core
Available
Now

1st Floor

Size
1,553 sq ft
Space Use
Office
Condition
Shell And Core
Available
Now

Ground

Size 1,908 sq ft
Space Use Office
Condition Shell And Core
Available Now

The property comprises a Grade II listed building previously used as Council offices. The property comprises 3461 sf of office space and then a further 672 sf of storage space available to let on a term to be agreed at a rental of £45,000 pa.

1st Floor

Size 1,553 sq ft
Space Use Office
Condition Shell And Core
Available Now

The property comprises a Grade II listed building previously used as Council offices. The property comprises 3461 sf of office space and then a further 672 sf of storage space available to let on a term to be agreed at a rental of £45,000 pa.

  • Listing ID: 14653956

  • Date on Market: 17/12/2018

  • Last Updated:

  • Address: Scotch St, Whitehaven CA28 7BJ

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