21 Main Street, Cockermouth, CA13 9LE

21 Main Street, Cockermouth, CA13 9LE

Guide Price  £280,000


Quick Summary

Price £280,000
City Cockermouth
Status New
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

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Contact

Keswick Office
01768772988

LOCATION

The premises are located in the historic town of Cockermouth, only 20 minutes from The Lake District National Park.

Cockermouth is well known for its speciality shops and is one of Britain’s “gem” towns recognised for its importance as part of the national heritage. The  georgian and medieval streets of the town are set with an attractive countryside backdrop.

Cockermouth boasts a well occupied high street with many independent shops including children’s shoe shop, butchers shop, bakery, gift shops, antiques shops, home and lifestyle shops, toy shop, chemists, jewellers, ladies clothing shops and carpet shop. There are also a number of national occupiers including Boots, Greggs and Wilko, as well as pubs, restaurants and cafes. Workington is circa 9 miles to the west, Carlisle 26 miles to the north-east, Keswick 14 miles to the east and Penrith at Junction 40 of the M6 is 31 miles to the east, reached via the A66. The town has a population of circa 7,877 (2001 census) and is considered the north-west gateway to the Lakes.

The premises are situated on the bustling Main Street surrounded by other retail, leisure and commercial properties.

 

DESCRIPTION

The premises comprises a three storey, substantial end of terrace building providing space over three floors, currently utilised as a charity shop with retail space on the ground floor, and residential accommodation over the first and second floor comprising two separate flats. The property is a traditional building of painted masonry construction under a pitched slate roof with glazed shop front window and timber framed, single glazed sash windows to the first and second floors.

The ground floor of the property is currently let to the Church of England Children’s Society as a charity shop with flat 1 and flat 2 on the first and second floor let on Assured Shorthold Tenancies.

 

TENANCIES

The ground floor of the property is let on a ten year lease to The Children’s Society dated 25th June 2012. The passing rent is £17,500 per annum. The Lease is available for inspection on request from Edwin Thompson.

The first and second floor flats are occupied under Assured Shorthold Tenancies with combined passing rents of £8,820 per annum.

 

ACCOMMODATION

The property provides the following approximate net internal areas from our measurements:

Total Approximate NIA of the Retail Space 118.49 m2 (1,275.42 sq ft)

 

PROPOSAL

Offers are invited in the region of £280,000 exclusive for the freehold interest.

It should be noted that our client is not obliged to accept the highest or any offer without prejudice and subject to contract.

 

VAT

All figures are quoted exclusive of VAT where applicable.

 

RATEABLE VALUE

According to the Valuation Office Agency website, it is understood that the property has a Rateable Value of £16,000 and is described as a shop and premises. The current business rate for 2018/2019 is £0.493 equating to approximate rates payable of £7,888 per annum.

Small Business Rate Relief may apply and prospective purchasers should check the exact rates payable with Allerdale Borough Council – Tel: 01900 702702.

 

ENERGY PERFORMANCE CERTIFICATE

21 Main Street has an Energy Performance Asset Rating of C74. A copy of the certificate is available on application or to download from the Edwin Thompson website.

Flat 1, 21 Main Street has an EPC rating of E45. A copy of the certificate is available on application or to download from the Edwin Thompson website. Flat 2, 21 Main Street has an EPC rating of D55. A copy of the certificate is available on application or to download from the Edwin Thompson website.

 

LEGAL COSTS

Each party to bear their own legal costs in the preparation and settlement of the sale documentation together with any VAT thereon.

 

ANTI-MONEY LAUNDERING REGULATIONS

The successful purchaser(s) should be aware that they will have to provide us with documents in relation to Money Laundering Regulations. Further details are available upon request.

 

VIEWING

The site is available to view by prior appointment with the Keswick Office of Edwin Thompson LLP.

Contact:

Matthew Bell – [email protected]

Elizabeth Sedgwick – [email protected]

Tel: 017687 72988

www.edwin-thompson.co.uk

Retail Investment Property For Sale

Character premises with ground floor retail space and first and second floor residential accommodation

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