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Union Hall Scotch St 5,849 sq ft 41% Let Office Property Whitehaven CA28 7BJ £450,000 (£76.94/sq ft) 10% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Good transport links including rail and bus services
  • Ample office space of good condition
  • Prominent position on the town centre primary access routes

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.

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

AMENITIES

  • Storage Space

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • CONDITION
  • AVAILABLE
  • Ground
  • 1,908 sq ft
  • Office
  • -
  • 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
  • -
  • 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 - Now
1st Floor 1,553 sq ft Office - Now

Ground

Size
1,908 sq ft
Space Use
Office
Condition
-
Available
Now

1st Floor

Size
1,553 sq ft
Space Use
Office
Condition
-
Available
Now

Ground

Size 1,908 sq ft
Space Use Office
Condition -
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 -
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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