Union Hall Scotch St 5,849 SF 41% Leased Office Building Whitehaven CA28 7NJ £450,000 (£76.94/SF) 10% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Good transport links including rail and bus services
- Ample office space of good condition
- Prominent position on the town centre primary access routes
EXECUTIVE SUMMARY
The property comprises a Grade II listed building previously used as Council offices, being currently arranged as office space with return frontage to Scotch Street and Lowther Street. 450,000 for the freehold interest in the property, or £45,000 per annum, exclusive of business rates, VAT and all other outgoings.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Tenure
Freehold
Building Size
5,849 SF
Building Class
C
Year Built
1875
Price
£450,000
Price Per SF
£76.94
Net Initial Yield
10%
NOI
£45,000
Percent Leased
41%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
1,462 SF
AMENITIES
- Storage Space
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The property comprises a Grade II listed building previously used as Council offices. The property comprises 3461 sf of office space and then a further 672 sf of storage space available to let on a term to be agreed at a rental of £45,000 pa.
The property comprises a Grade II listed building previously used as Council offices. The property comprises 3461 sf of office space and then a further 672 sf of storage space available to let on a term to be agreed at a rental of £45,000 pa.
| Space | Size | Space Use | Condition | Available |
| Ground | 1,908 SF | Office | - | Now |
| 1st Floor | 1,553 SF | Office | - | Now |
Ground
| Size |
| 1,908 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size |
| 1,553 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 of 1
CONTACTS
-
Carolyn Hardy -
Wills Riddell -
Walton Goodland Ltd
