BIDDING OPENS in...

Map & Location

Map   Street View   Satellite

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

INDUSTRIAL ESTATE GROUND RENT INVESTMENT*** Rental income £770 per Annum Exclusive in a popular industrial location ***VAT FREE INVESTMENT

Site area of 0.77 Ha (1.90 Acres) with two warehouse units and yard areas. The remaining warehouse units and yards within the site do not form part of the sale.

Unit 8 -DEFY LIMITED - TERM OF 150 years from 08/12/2006 at £520 per annum Unit 13 - DERWENT FLUID PROPERTIES LIMITED - TERM OF 125 years from 01/12/2003 at £250 per annum

PERFECT INVESTMENT with Ground rental income £770 per Annum Exclusive in a popular industrial location.

Derwent Howe Industrial Estate is one of the primary industrial areas in Workington, featuring a variety of businesses including manufacturing, warehousing, distribution, and retail outlets.

INDUSTRIAL ESTATE GROUND RENT INVESTMENT*** Rental income £770 per Annum Exclusive in a popular industrial location ***VAT FREE INVESTMENT Site area of 0.77 Ha (1.90 Acres) with two warehouse units and yard areas. The remaining warehouse units and yards within the site do not form part of the sale. Unit 8 -DEFY LIMITED - TERM OF 150 years from 08/12/2006 at £520 per annum Unit 13 - DERWENT FLUID PROPERTIES LIMITED - TERM OF 125 years from 01/12/2003 at £250 per annum PERFECT INVESTMENT with Ground rental income £770 per Annum Exclusive in a popular industrial location. Derwent Howe Industrial Estate is one of the primary industrial areas in Workington, featuring a variety of businesses including manufacturing, warehousing, distribution, and retail outlets.

Derwent Howe Industrial Estate is one of the primary industrial areas in Workington, featuring a variety of businesses including manufacturing, warehousing, distribution, and retail outlets. The estate is strategically located near the town center and provides businesses with good transport links to nearby regions via the A596 and the Cumbrian Coast railway line. Workington is a costal town on the outskirts of the Lake District National Park approximately 30 miles from Carlisle and 8 miles from Whitehaven and has a resident population of approx 35,000 with a population of approximately 500,000 covering the area of Cumbria. Popular tourist destination on the outskirts of the popular Lake District.

Full Address: Units 8 and 13 Peart Road Derwent Howe Industrial Estate, Workington, Cumbria, CA14 3YT

Show More

Tenancy Details

Type of Agreement:
Length: 100+
Rent: £770 per year / £64 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes: Ground rent only £770 per Annum Exclusive

Document Downloads

  Legal Pack (Pending)

 * Click the above 'Pending' document link to log your request and we will notify you once available.

Pricing Information & Bidding

Opening Bid: £9,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Auction Details

Date & Time: 07 November 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue