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15 Criffel St 4,270 SF Retail Building Wigton CA7 4BT $513,854 ($120.34/SF)
INVESTMENT HIGHLIGHTS
- Main road access is by the B5032, via the A596 which connects the towns of Wigton, Maryport and Workington in West Cumbria to Carlisle.
- Surrounding occupiers include a wine bar, ice cream shop, hotel and pub, and convenience store.
- The town enjoys tourist visitors throughout the spring, summer and early autumn which enhances trade for local retailers.
EXECUTIVE SUMMARY
*** PRIME LOCATION IN SILLOTH ***
*** COMMERCIAL AND RESIDENTIAL USES ***
*** £20,800 pa COMMERCIAL RENTAL INCOME ***
+ THREE BED OWNER OCCUPIED FLAT SALE PRICE: £385,000
ACCOMMODATION / AREAS
Commercial Basement 035.58 sq m (1,383 sq ft)
Ground Floor 069.73 sq m (1,751 sq ft)
Landing WC’s
First Floor 105.59 sq m (1,136 sq ft)
Second & Third Floor (Flat) 120.91 sq m (1,301 sq ft)
Total Area 376.81 sq m (3,571 sq ft)
TENURE
Basement, Ground Floor and First Floor Commercial Unit
Term – 5 years wef 27 May 2021
Expiry – 26 May 2026
Rent - £20,800 per annum
Repair – IRI
Rent Deposit: £5,000
SALE PRICE
The property is available FOR SALE as a freehold investment with a sale price of £385,000.
VAT
We are advised that the property is not VAT elected, and therefore VAT is not payable on the sale price.
FOR FULL DETAILS CLICK ONTO OUR MARKETING DETAILS
*** COMMERCIAL AND RESIDENTIAL USES ***
*** £20,800 pa COMMERCIAL RENTAL INCOME ***
+ THREE BED OWNER OCCUPIED FLAT SALE PRICE: £385,000
ACCOMMODATION / AREAS
Commercial Basement 035.58 sq m (1,383 sq ft)
Ground Floor 069.73 sq m (1,751 sq ft)
Landing WC’s
First Floor 105.59 sq m (1,136 sq ft)
Second & Third Floor (Flat) 120.91 sq m (1,301 sq ft)
Total Area 376.81 sq m (3,571 sq ft)
TENURE
Basement, Ground Floor and First Floor Commercial Unit
Term – 5 years wef 27 May 2021
Expiry – 26 May 2026
Rent - £20,800 per annum
Repair – IRI
Rent Deposit: £5,000
SALE PRICE
The property is available FOR SALE as a freehold investment with a sale price of £385,000.
VAT
We are advised that the property is not VAT elected, and therefore VAT is not payable on the sale price.
FOR FULL DETAILS CLICK ONTO OUR MARKETING DETAILS
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
4,270 SF
Building Class
B
Year Built
1889
Price
$513,854
Price Per SF
$120.34
Tenancy
Single
Building Height
3 Stories
Building FAR
1.49
Lot Size
0.07 AC
Frontage
74’ on Criffel Street
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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15 Criffel St
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