Available
Cleator Moor – Hair Salon
55 High Street, Cleator Moor, Cumbria CA25 5BQVirtual Freehold Retail Investment
Price
£65,000
Rent P.A.
£6,000
Yield
9.23%
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
4y 3m
Area
1,043 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Completely refurbished in 2024 to a high standard
- Comprises corner ground floor shop with ancillary accommodation at basement
- Located in the heart of the town centre with occupiers nearby including Greggs, Age UK and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises corner ground floor shop with ancillary accommodation at basement. The property has been completely refurbished in 2024 and provides the following accommodation and dimensions:
Ground Floor/Basement Shop:
Main Shop - 45 sq m (484 sq ft)
Rear Store - 12 sq m (129 sq ft)
Basement - 40 sq m (430 sq ft)
Total area size: 97 sq m (1,043 sq ft)
Ground Floor/Basement Shop:
Main Shop - 45 sq m (484 sq ft)
Rear Store - 12 sq m (129 sq ft)
Basement - 40 sq m (430 sq ft)
Total area size: 97 sq m (1,043 sq ft)
Tenancy Description
The shop is at present let to an Individual for a term of 5 Years from 10th March 2025 at a current rent of £6,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 10.03.28 linked to RPI. Tenant option to determine on 10.08.27 with min 3 months notice. Deposit held of £1,500. Lease within Landlord & Tenant Act 1954.
*Tenant has paid 1st Year rent in advance. Vendor will top up rent until 10.03.26 so the buyer receives the equivalent to £6,000 p.a. from completion.
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
*Tenant has paid 1st Year rent in advance. Vendor will top up rent until 10.03.26 so the buyer receives the equivalent to £6,000 p.a. from completion.
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Cleator Moor is a town, civil parish and two electoral wards in the English county of Cumbria and within the boundaries of the historic county of Cumberland. The area offers a wide range of public transport choices and there are ample public parking spaces in the vicinity. There are bus stops located near to the site, the closest being approximately 98ft from the site. Bus service 30 route is Maryport to Thornhill/Frizington and service SX9 is Asby to Workington. Occupiers nearby including Greggs, Age UK, Opticians, Butchers, Restaurants and more.
