Workington

Ladies Walk, Workington, CA14 3BA

P.O.A


Quick Summary

Price P.O.A
City Workington
Status New
Size (Acres)
Beds 0
Bathroom 0
Garden 0
Parking Spaces
Period

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Contact

Carlisle Office
01228 548385

Substantial Premises and Redevelopment Opportunity For Sale

  • High Profile and Accessible Location in Workington Town Centre
  • Detailed Planning Permission for the Development of four Dwellings & Nine Apartments
  • Approximate Gross Internal Area – 1,357m2 (14,606 sq ft)
  • Available as a whole or in two lots
  • Offers invited in excess of £475,000 exclusive

    LOCATION

    The subject premises are situated on Ladies Walk, Workington which is the main commercial centre and port town in West Cumbria with a population of approximately 25,000 and situated within the Borough of Allerdale. The town draws on a wider catchment population of approximately 100,000 taking in towns such as Cockermouth 7 miles to the east, Maryport 5 miles to the north and Whitehaven 8 miles to the south.

    The City of Carlisle and Junctions 42 – 44 of the M6 Motorway are circa 32 miles to the north west, reached via the A595 or A596 and Keswick is 21 miles to the east along the A66 with Penrith and Junction 40 of the M6 38 miles along the same route. The Cumbrian Coast Line provides rail connections to Carlisle and also the coast to Barrow-in-Furness.

    Ladies Walk occupies a central position within Workington Town Centre immediately north of Finkle Street one of the main retail thoroughfares and the premises benefit from being directly opposite Marks and Spencer.

    DESCRIPTION

    The premises provides a four storey building known as the former Fusion Night Club which is a brick construction with a pitched slate roof and there is an adjoining self-contained two storey Annexe which is of rendered stone construction with a pitched slate roof.

    The property currently provides shell accommodation with the following approximate gross internal floor areas:

    Former Fusion Night Club 884.00m2 (9,515sq ft)

    Annexe Building 473.00m2 (5,091 sq ft)

    Total Approximate Gross Internal Area 1,357.00m2 (14,606 sq ft)

    Former Fusion Night Club Car Park 433.00m2 (4,660 sq ft)

    Approximate Site Area 0.11 hectares (0.7 acres)

    The land and premises benefit from a detailed planning permissions as follows:

    Allerdale Borough Council Planning Reference: 2/2012/0678 – consent granted on 24 September 2012 for the conversion of the Annexe Building adjoining the Former Fusion Night Club, Ladies Walk to 3 No. three bed dwellings and 1 No. two bed dwelling. The houses will be accessed from Ladies Walk using the existing and new openings and will provide the following areas:

    Unit 1 110.91m2 (1,194 sq ft)
    Unit 2 72.93m2 (785sq ft)
    Unit 3 99.66m2 (1,073 sq ft)
    Unit 4 106.00m2 (1,140 sq ft)

    Allerdale Borough Council Planning reference 12/458 – consent granted 20 June 2012 for the change of use of Former Fusion Night Club on Ladies Walk to 8 No. two bed apartments and 1 No. one bed apartment together with 10 car parking spaces. Access to the building will be taken from the rear Bridge Street and also from a new formed entrance on Ladies Walk. There is an existing lift which will be incorporated within the new development and the two bedroom apartment will offer modern living space all with master en-suites. There is scope to create a further apartment within the atrium area, subject to planning. It should be noted that no affordable housing required under the approved consents.

    N.B. prospective purchaser can view the approved planning permission on the Allerdale Borough Council Website using the above reference numbers. All floor areas quoted are approximate scaled from the architect plans.

    SERVICES

    It is understood that the property has mains supplies of gas, electricity and water and is connected to the mains drainage and sewerage systems. The property is heated via a gas boiler supplying wall mounted radiators throughout the property. The services have not been tested and prospective purchasers should check with the relevant service providers to satisfy themselves of the connections available.

    PROPOSAL

    Offers are invited in excess of £475,000 exclusive for the freehold interest with vacant possession and with the benefit of the above planning permissions.

    Alternatively, consideration will be given to selling the two opportunities separately, further information available upon application.
    It should be noted that our client is not obliged to accept the highest or any offer without prejudice and subject to contract.

    VAT

    It is understood that the property is not registered for VAT and VAT will therefore not be payable on the purchase of the premises.

    RATEABLE VALUE

    It is anticipated that the development will be reassessed for Council Tax purposes once the redevelopment has been completed and prospective purchasers should check potential rates payable with Allerdale Borough Council – Tel: 01900 702702.

    LEGAL COSTS

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

    VIEWING

    The property is available to view by prior appointment with the Carlisle office of Edwin Thompson LLP. Contact:

    John Haley – [email protected]
    Tel: 01228 548385

Substantial Premises and Redevelopment Opportunity For Sale

  • Detailed Planning Permission for the Development of four Dwellings & Nine Apartments
  • Approximate Gross Internal Area ヨ 1,357m2 (14,606 sq ft)
  • Offers invited in excess of ᆪ475,000 exclusive

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