Property for Auction in Cumbria - 13 and 13B Main Street, Cockermouth, Cumbria CA13 9LE

Mixed use investment property - 16.56% gross yield A mixed use, investment property occupying a prominent position in this sought after market town on the fringe of the Lake District National Park. The property comprises a ground floor shop unit which is let at £14,400 per annum and a self-contained first floor flat let on an Assured Shorthold Tenancy at £525 per month giving a total income of £20,700 per annum which equates to a gross yield of 16.56% at the guide price. Tenure See Legal Pack What3words location ///forgotten.elbowing.driveway Ground Floor Shop Main Shop area 22'9 wide x 20' deep Rear Store 7'9 x 7' Rear Office area 9'6 x 5'6 inc WC First Floor Flat Hall Living Room 14'6 x 14' Kitchen 13' x 10' Bedroom 14'9 x 10'6 Bedroom 14'9 x 12'6 Bathroom 8' x 5'9 Boxroom Tenancies The shop is let at £14,400 per annum and the flat on an Assured Shorthold Tenancy at £525 per month giving a total income of £20,700 per annum which equates to a gross yield of 16.56% at the guide price. VAT VAT will be applicable on 45% of the purchase price. See legal pack for full details. Interested parties are advised to consult their own solicitor and accountant for advice on this matter. Energy Efficiency Rating (EPC) Current Rating CC Services Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services. Local Authority Cumberland Council Solicitors BPK Solicitors, Clifford Court, Ref: Duncan Carter, Tel: 01228 888999 Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts. Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.