retail in CA15

Argyle Terrace, Maryport, Cumbria, CA15 7PB

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Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Mixed Use Property
  • Ground Floor Retail Unit
  • Two Bed Flat Above
  • Tenanted
  • Freehold Title

retail in CA15

FOR SALE BY AUCTION: terms and conditions apply.

Available for sale via online auction is this freehold mixed use property, consisting of a retail unit to the ground floor and a three bed flat to the first floor.

Both the shop and the flat are occupied by tenants, with monthly rents of £400 and £600 respectively. Gross rental per year is approximately £12,000.

Please not that we have not inspected this property.

Summary

  • Property Type: Retail
  • Tenure: Freehold
  • Parking: On Street

Location

The subject property is well located along Argyle Terrace, approximately 0.5 miles from Maryport town centre and is close to local amenities. Maryport itself being approximately 6 miles north of Workington and 30 miles east of Carlisle.

Shop Details

The existing shop area is open plan and well lit, offering a blank canvas to create the perfect internal accommodation that you need for your business. The shop area extends to approximately 75sqm (equivalent to two 40ft storage containers). A small store with sink is located to the rear, along with a separate toilet and a small rear yard.

Flat Details

Located directly above the shop, the flat has its own entrance and yard area. In nice decorative order, it offers lots of space and light, with recently fitted carpets. A new boiler has just been fitted. All of the rooms are a great size, with high ceilings and large windows. The lounge, kitchen and two double bedrooms are located on the first floor, with a shower room and utility room on the ground floor.

Lease Details

The flat and the shop are presently occupied by two separate tenants. We are advised that a monthly rental figure of £600 is achieved from the flat, and £400 per month from the shop - approximately £12,000 per annum gross income.

Tenure

We are advised the property is freehold (title pending registration). Please refer to the legal pack for further information.

Rateable Value

The adopted rateable value is £4,350 as of 1st April 2017.

Sourced from VOA.

EPC

We currently await copies of the EPCs.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Floorplan 1

Floorplan 1

Floorplan 2

Floorplan 2

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

 

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

 

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 

£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
​£250,001 to £750,001 - £2,500 minimum bid 
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

There is no legal pack for this property.