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70A-70B Main St 1,544 sq ft 100% Let Retail Property Cockermouth CA13 9LU £395,000 (£255.83/sq ft)
Investment Highlights
- Ground floor retail shop let to Brysons bakers
- Includes two self-contained apartments above and to the rear
- Prominent central location fronting Main Street
- Tenant occupies on 20 year lease from 1 September 2020
- Apartments used for holiday letting for over 3 years
- For sale subject to shop lease and existing holiday bookings
Executive Summary
The property is held on a 999 year long leasehold basis from 23 June 1761 subject to the following: Lease to John Bryson (Keswick) Limited for a term of 20 years from 1 September 2020 on effective FRI lease terms at a passing rent of £12,000 per annum, exclusive. The tenant has a break option at 25 April 2028 and 25 April 2033. The rent is subject to review, 1 September
2030 and 1 September 2035.
2030 and 1 September 2035.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,544 sq ft
Costar Property Class
B
Year Built
1957
Price
£395,000
Price per sq ft
£255.83
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.77
Total Plot Size
0.02 ac
Amenities
- Security System
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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70A-70B Main St
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