For Sale by Auction on 27th February 2025, Virtual Freehold Retail Investment, 31 Murray Road, Workington, CA14 2AB

For Sale by Auction on 27^th February 2025

A mid-terraced three storey building of traditonal construction beneath a flat roof totalling approximately 145.11 sq m (1,562 sq ft). The property is arranged as a ground floor retail unit with ancillary accommodation at first and second floor levels. The ground floor has been interlinked with the adjacent building (27-29 Murray Road) to provide a larger retail unit (subject to reinstatement provisions - refer to legal pack). The upper floors may offer future alternative use potential, subject to obtaining the necessary consents

Location

Accommodation

Ground Floor Retail - 92.44 sq m (995 sq ft)

First Floor Ancillary - 25.83 sq m (278 sq ft)

Second Floor Ancillary - 26.85 sq m (289 sq ft)

Total - 145.11 sq m (1,562 sq ft)

Terms

Tenure - Leasehold for a term of 999 years from completion at a peppercorn rent.

Guide Price - £120,000

Specification

• Virtual freehold retail investment
• New 999 year lease from completion
• Let to Boots UK Ltd until 2029 (subject to break option)
• Approximately 145.11 sq m (1,562 sq ft)
• Prime town centre trading position
• Future alternative use potential (subject to consents)
• Producing £11,750 per annum