Investment Properties for sale in Cumbria

View the "Amazing Opportunity to Purchase Small Development Consisting of Four Rental Properties" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Amazing Opportunity to Purchase Small Development Consisting of Four Rental Properties

Cumbria, England

  • Freehold Price: £495,000
Seller Reference: PAX0202447297
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Business Description
 
 
 
 
 
 
 
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Seller Reference: PAX0202447297
Request Details
Business Description
The business is located in the small seaside village of Seascale, 1 mile from the long sandy beaches; sea and 2 miles from the National Park. Views of the Sea and Mountains can be experienced from this location.

Established in 1989 this small development comprises of four rental properties, which for the last 25 years have been mainly let on a weekly room only basis with the main business days being Monday to Thursday.

The properties comprise of two 3 bed; one 2 bed barn converted terraced properties comprising kitchen; dining room and lounge on ground floor, bedrooms and bathroom on first floor . There is a large lawn frontage facing west. The end 3 bed property also has a garage which is utilised as a store and laundry room. Also a detached 2 bedroom bungalow, with small kitchen, dining room; lounge area, shower room and toilet and two bedrooms all on ground floor.

Expected returns from are between 4 and 9% (after operating costs) of the total value.

Price being sought as a going concern with furnishings and current occupants remaining £495,000.00 (based on RICS valuation 2017 and recent re-mortgage valuations)

View Satelitte image on Google Maps CA20 1LQ – look at the three properties with solar panels, end property has attached Garage, Bungalow is opposite these three properties.

To be Auctioned 1st April 2020, for details contact:

Norma Paine
Land Agency Administrator
Mitchells Land Agency
Lakeland Livestock Centre
Cockermouth
Cumbria
CA13 0QQ
Tel: 01900 822016
Tenure:
Freehold
Location Details:
Located in the small seaside village of Seascale, 1 mile from the long sandy beaches; sea and 2 miles from the National Park. Views of the Sea and Mountains can be experienced from this location.
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