£475,000
10 bed flat for saleKing Street, Whitehaven CA28
10 beds
10 baths
10 receptions
EPC Rating: C
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About this property
Block of 10 individual flats
Leasehold
Town centre location
Large building for sale
Space to develop more flats
Attention all investors!
Property Reference number : 271790
attention all investors!
A substantial three-storey period building occupying a prominent trading position on Whitehaven's main shopping street. The ground floor comprises a large retail unit, currently occupied by Barnardo's, while the upper floors have been converted into ten self-contained residential flats (Flats 1–10), accessed via a communal entrance, stairwell and corridors.
The flats currently produce a combined rental income of approximately £37,236 per annum, rising to a potential £51,828 per annum once fully let. Guide price £475,000.
Key features:
- Prominent town-centre trading position on King Street, Whitehaven
- Ten self-contained residential flats across upper floors
- Current rental income of £37,236 per annum, rising to a potential £51,828 per annum at full occupancy
- Communal entrance, stairwell, corridors
- Recently refurbished flats
- EPC ratings across flats range from C to E
- Close to Whitehaven town centre amenities and harbour
- A lot of empty space in the building with potential to develop into more flats.
EPC breakdown:
- Flat 1: Rating E
- Flat 2: Rating E
- Flat 3: Rating E
- Flat 4: Rating E
- Flat 5: Rating D
- Flat 6: Rating C
- Flat 7: Rating D
- Flat 8: Rating C
- Flat 9: Rating D
- Flat 10: Rating E
Council Tax: A
Current Annual Ground Rent: £500
Current Length Of Lease Remaining: 191 Years
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Property Reference number : 271790
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More information
Tenure
Leasehold (191 years)
Service charge
Council tax band
A
Ground rent
£500
Ground rent date of next review