For Sale by Auction on 26th June 2025
A mid terraced building of traditional construction totalling approximately 117.90 sq m. (1,269 sq. ft) arranged over ground and two upper floors. The ground floor is arranged as a retail unit with the upper floors providing ancillary/storage accommodation. There is access from the rear, which potentially allows for the upper floors to be self contained alternative uses considered, subject to obtaining the necessary consents.
Location
Workington is a coastal town at the mouth of the River Derwent on the west coast in the Allerdale borough of Cumbria. The town is to the west of the Lake District and approximately 32 miles south-west of Carlisle. The town benefits from railway connections via Workington train station, which runs between Carlisle and Barrow-in-Furness.
The subject property is located in the town Centre, directly between Oxford Street and Washington Square shopping centre, which is the main shopping and social destination within Workington, with a good mix of national and local tenants nearby including Superdrug, Boots, Sports Direct, Specsavers, Greggs and Subway
Accommodation
Ground Floor - Retail
First Floor - Ancillary
Second Floor - Ancillary
Total - 117.9 sq m (1,269 sq ft) - Tenant - Hays Travel Limited
Terms
Tenure - Leasehold for a term off 999 years from 18.08.2016 at a peppercorn rent
Guide Price - £75,000
EPC - Rating 123 Band E
VAT - VAT is applicable to this sale, please refer to the legal documents for further details.
Specification
- Virtual freehold retail investment
- Approximately 117.90 sq m (1,269 sq ft) arranged over three floors
- Let to Hays Travel Limited until 22/10/2030 (1)
- Future alternative use potential (subject to consents)
- Producing £12,250 per annum
- By order of a major property company