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4 Station St
Cockermouth CA13 9QW

Retail Property For Sale

Shops & Retail Properties Cumbria Cockermouth 4 Station St, Cockermouth, CMA CA13 9QW

Investment Highlights

  • Station Street is prominently positioned in a prime location in the town centre.
  • There are currently two food festivals a year - the Taste Cumbria and the Christmas festival attracting many thousands of visitors to each.
  • The unit neighbours many strong local retailers and benefits from the recent arrival of Costa and Dominos to the street.

Executive Summary

Offers in the region of £375,000 are invited for the freehold interest.
4 is currently let to Memoscan Ltd t/a Mama Mia on a new 25 year lease with effect from December 2023 at a rent of £14,400 per annum with rent reviews 5th yearly. There are tenant only breaks in December 2038 and 2043. The tenant is currently in the process of fitting out the unit ready for opening their hot food takeaway. 4d is currently let to Fyne Fish on new 10 year lease with effect from November 2021 at a rent of £13,000 per annum with rent reviews in 2024, 2027 and 2030. There are tenant-only breaks in April 2028 and 2030.
The residential flats to the upper floors have been sold off previously on a long leasehold basis.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,329 SF
Building Class
B
Year Built
1955
Price
£375,000
Price Per SF
£113
Net Initial Yield
7.31%
NOI
£27,400
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.85
Lot Size
0.09 AC
Parking
1 Space (0.3 Spaces per 1,000 SF Leased)
Frontage
16 ft on Station Street

Amenities

  • 24 Hour Access
  • Storage Space
 

  • Listing ID: 30470749

  • Date on Market: 28/12/2023

  • Last Updated:

  • Address: 4 Station St, Cockermouth CA13 9QW

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