Mixed use investment property - 16.56% gross yield
13 and 13B Main Street, Cockermouth, Cumbria CA13 9LE
£125,000
17 July 2025
GUIDE PRICE
AUCTION DATE
A mixed use, freehold 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. See Legal Pack 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 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 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 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. Current Rating CC Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services. Cumberland Council BPK Solicitors, Clifford Court, Ref: Duncan Carter, Tel: 01228 888999 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.
13B Main St, CA13 9LE
Guide Price
£125,000
Auction Date
17 Jul 2025
Time
12:00
Lot
37
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House
Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.