A retail property with both ground-floor shop and first-floor ancillary accommodation has been listed for sale on King Street, Whitehaven.
Offered at a fixed price of £250,000, the property is described as covering a total of 252.50 square metres (2,718 square feet).
It is located within a short walk of Whitehaven Marina.
Current occupiers nearby include Post Office, WH Smith, Santander, and Costa, according to details provided in the listing.
Agents state that the property "benefits from rear service access and goods lift from ground to first floor".
The accommodation consists of a ground-floor retail sales area and separate ground and first-floor storage spaces.
The sales space on the ground floor measures 90.40 square metres (973 square feet), with a further 45.30 square metres (488 square feet) of ground-floor storage and 116.80 square metres (1,257 square feet) at first floor level.
The property is currently rented to an individual on a five-year lease from 17 March 2022 at £15,000 per year.
The lease includes an option for the tenant to end the agreement in the third year, with a minimum of six months’ notice.
It also contains what are described as "full repairing and insuring covenants".
According to the listing, the gross initial yield is 6 per cent and VAT is applicable.
King Street is part of the town’s commercial district, with Whitehaven described as a key retail, service, and employment hub for the surrounding area.
Copeland Borough Council have outlined plans for regeneration, including connections between King Street and the Harbour area involving leisure, restaurant and hotel properties.
Interested parties are urged to call Blue Alpine, who are marketing the property, on 020 3909 3844.
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