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35 Lowther St
Whitehaven CA28 7JS
Retail Property For Sale
Investment Highlights
- Lease expiry 2024, tenant option to break 2022
- Property positioned on busy shopping street in the town centre adjacent to ‘The Rum Story’
- Rent Deposit held on account of £2,100
Executive Summary
VAT is NOT applicable to this property
Lease expiry 2024, tenant option to break 2022
The property comprises of one shop currently let as a hair salon. Also a sold off GF cafe and sold off upper office space on peppercorn rents.
Location Description:
The property lies in a busy shopping street in the town centre adjacent to ‘The Rum Story’, a popular visitor attraction. Major businesses in the town include Costa’s, TSB, Santander, Tesco’s, Dorothy Perkins, Superdrug, Boots, Dixons, Burtons, WH Smith and Sellafield Limited.
PROPERTY FACTS
Amenities
- Storage Space
About 35 Lowther St , Whitehaven, CMA CA28 7JS
The property comprises of one shop currently let as a hair salon and two other commercial units sold off on long lease for peppercorn rents, which includes a ground floor cafe and upper floor office space. The shop is at present let to S. McCabe for a term of 5 years from 3rd April 2019 at a current rent of £7,000 per annum. The lease contains full repairing and insuring covenants and a tenant option to break in 2022. A rental deposit is held on account of £2,100. The tenant has rent free period until 3rd October 2019.
