**Investment property in cumbria**
• Ground floor retail shop and 5 upper floor flats
• Current annual rental income £31, 920 per annum
• On main thoroughfare close to town centre & facilities
• West Cumbrian regional town
Overview
The property is an investment opportunity with a shop and 5 flats all
currently let with a total annual rental income of £31, 920 per annum.
Location
Workington is a coastal town, situated in west Cumbria, with a population of
around 25, 200. Until recently a coal and steel producing town, it now has a
range of other small industries and a popular shopping centre. It is 38 miles
from the M6 at Penrith via the A66 and has a railway station on the Cumbria
Coast Line. Local facilities include a secondary school, supermarkets, a
retail park, independent shops, pubs, cafes, a leisure centre, parks and rugby
league ground. Major retailers in the town include Next, River Island, Boots,
hmv, wh Smiths, jd Sports and Sports Direct. The property is situated fronting
Oxford Street, a main throughfare through the town close to the main shopping
centre and facililities.
Description
A three - storey stone building being at the end of a terrace block. It includes
a ground floor double fronted shop and five flats on the upper floors with
access from an entrance via the rear of the building.
Accommodation & Floor Areas
Shop
Sales Areas 76. 6 sqm (825 sqft)
Office 4. 0 sqm (43 sqft)
Kitchenette 5. 0 sqm (54 sqft)
**WC**
Rear Entrance Lobby
Flats
Entrance lobby and stairs to landings.
Flat 1 has an entrance on the first floor with an aspect to the rear and
includes a Bedroom, Bathroom and stairs to an upper floor Kitchen/ Living
Room.
Flat 2 has an entrance on the first floor with an aspect to the front and
includes a Living Room/ Kitchen, Bedroom and Shower Room.
Flat 3 has an entrance on the first floor with an aspect to the front and
includes a spacious Living Room/ Kitchen, Bedroom and Bathroom.
Flat 4 has an entrance on the second floor with an aspect to the front and
includes a spacious Living Room/ Kitchen, Bedroom and Bathroom.
Flat 5 has an entrance on the second floor with an aspect to the front and
includes a Living Room/ Kitchen, Bedroom and Shower Room.
All references to areas and dimensions are deemed to be approximate.
Services
We are advised that mains water, electricity, gas and drainage are connected
to the property. The shop and flats have separate gas central heating boilers.
The flats each have sub meters and the landlord recovers the cost of electric,
gas and water from the tenants. No warranty is given regarding the working
order of any appliances or services referred to in these particulars.
Tenure
We are advised the property is freehold.
Occupational Agreements
Shop James Core Tenancy at will £650 pcm
Flat 1 AST £425 pcm (+ bills)
Flat 2 AST £350 pcm
Flat 3 AST £380 pcm (+ bills)
Flat 4 AST £430 pcm (+ bills)
Flat 5 AST £425 pcm (+ bills)
Fixtures & Fittings
Any items in the nature of fixtures and fittings not referred to in these
particulars are excluded.
Rates
Description in list: Shop & Premises
Rateable Value: £8, 000
Council Tax: Band A (All flats)
Energy Performance Certificate
The property has the following EPC Ratings
Shop C
Flat 1 D
Flat 2 D
Flat 3 C
Flat 4 E
Flat 5 D
Copies of the EPC’s are available on request.

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