This industrial investment property is located at the end of a terrace of similar industrial units. Currently let to a car wash and taxi business until 2027. A steel portal framed building with concrete floor and brick block walls, and roller shutter access. Internally the property is largely open plan, with an hydraulic car lift centrally within the unit, wc facilities and an office to the rear.
The property is connected with mains electric, water and drainage.
Location
The property is located in the Derwent Howe Industrial Estate, Adams Road Workington, Cumbria CA14 3YS. Adams Road is accessed off Lakes Road which runs to the west of the subject property. Lakes Road joins Derwent Drive/Bessemer Way (a local distributor road) at the new KFC restaurant, which joins the A597, that runs through the main local trade counter estate through to the A595 at Lillyhall. Derwent Howe Industrial Estate is around 2.4 km (1.5 miles) from Workington town centre and 1.7 km (1 Mile) from Workington Railway Station. The subject property is located at the end of Adams Road in a block of similar units.
Accommodation
Size - 1,475 sq ft (137.03 sq m)
Terms
Services - The property is connected with mains electricity, water and sewerage.
EPC - Energy Performance Asset Rating: D
Price - £100,000 for the investment (plus VAT)
Terms - The investment is available to purchase subject to the current 5 year lease dated 1 November 2022 The passing rent is currently £7,300 per annum
Business Rates - The property is currently rated at £7,500 in the 2025/26 ratings list.
Money Laundering - In order to comply with 2017 Anti-money Laundering Regulations we are required to verify the identity of any proposed ingoing tenants or purchasers.
Legal Costs - Each party will be responsible for their own legal costs incurred in the transaction.
VAT - All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated.
Specification
- Investment Property for Sale
- End of Terrace Unit
- Let to October 2027
- £100,000 for the investment (plus VAT)
- 1,475 sq ft/137 sq m