14 Murray Road, Workington
Workington, CA14 2AD
Walton Goodlandagency@waltongoodland.com 01228 514199 (Stephen Sewell dealing)
GOOD STRONG SECONDARY FREEHOLD RETAIL INVESTMENT WITH VACANT UPPER FLOOR OPPORTUNITY
- EXCELLENT LOCATION FRONTING MURRAY ROAD IN WORKINGTON TOWN CENTRE
- GROUND FLOOR SHOP LET AT £12,000 PA, EXCLUSIVE
- SELF-CONTAINED UPPER FLOOR PREVIOUSLY COMMERCIAL BUT CURRENTLY VACANT
- FRONT AND REAR ACCESS TO BOTH FLOORS WITH PARKING AT REAR
- FIRST FLOOR REFURBISHMENT OPPORTUNITY
- BUSY TRADING LOCATION COMPRISING A MIX OF LOCAL, REGIONAL AND NATIONAL OCCUPIERS
- CURRENT TENANT HAS BEEN IN OCCUPATION SINCE 2019, RENT REVIEW 2024
The subject property occupies a good visible secondary retailing location fronting on to Murray Road on the edge of the pedestrianised town centre. Other occupiers include the Post Office, British Red Cross, Greggs and Lloyds Bank. Murray Road is a popular one-way commercial street providing access to the town centre shops and a link to the nearby residential.
The property comprises a two-storey mid-terrace shop providing retail accommodation across the ground floor and self-contained commercial space above. There is a covered carport area at the rear ground floor with access into the shop along with an external store.
There is vehicular access to the rear via a service lane leading off Upton Street with parking for approximately 4 vehicles. The shop is currently used as a nail bar. The first floor space is vacant and whilst extensive is in need of modernisation
Mains electric, water and drainage are connected to the property. There is also a BT line for telephone and internet.
Offers in the region of £145,000
The property is within a primary retail area and falls within Use Class E. It is therefore considered suitable for a range of commercial uses including retail, office, professional services and café/restaurant.
Interested parties should contact Cumberland Council, Allerdale House, Workington CA14 3YJ on 0300 373 3730.
VAT is not applicable.
ENERGY PERFORMANCE CERTIFICATES
14 Murray Road (Ground Floor Shop): Rating ‘D-92’.
14A Murray Road (First Floor): Rating ‘G-152’.
The property comprises the following approximate areas and dimensions:-
Sales: 789 sq. ft. (73 sq. m.) with 1 WHB
Toilet: 1 WC
Kitchenette: Stainless steel single drainage sink unit
Commercial: 682 sq. ft. (63 sq. m.) with stainless steel single drainage sink unit
Toilet: 1 WC & 1 WHB with hot water tank
Outhouse: small store at top of rear stairs
Total: 1,471 sq. ft. (137m2)
4nr car parking spaces along with access to both floors. External access to ground floor store located within the shop.
The ground floor shop is let on a 10-year lease, dated 21 October 2019, at a passing rent of £12,000 pa, exclusive. There is a simultaneous rent review and tenant break clause at the end of the 5th year of the term.
The tenant is responsible for the internal repair, maintenance and decoration of the ground floor along with a contribution towards the repair of the common parts of the building. The permitted use is as a nail and beauty bar and the tenant can assign or sublet the whole of the property with Landlord consent. The lease is contracted out of the security of tenure provisions of the Landlord & Tenant Act 1954.
Freehold subject to the existing lease of the ground floor shop.
14 Murray Road (Ground Floor), RV: £10,500
14A Murray Road (First Floor), RV: £5,000
NOTE: There is current rate relief from Business Rates for retail and hospitality occupiers. In the year 1 April 2023 – 31 March 2024 this equates to 75% off your Business Rates bill.
If this is your only commercial premises then where the Rateable Value is £12,000 or less, no business rates will be payable, subject to status. A tenant may also be entitled to relief on top of other rate relief. Please contact the new local authority for the area, Cumberland Council (as of 1 April 2023) on www.cumberland.gov.uk
Arrange a viewing
Last updated: 11th May 2023 - 1:55 pm