7 bed flat

Our Summary

• For sale by Online Auction - 24th ofJune 2026 Prime Residential Investment Opportunity Fully Let Block of 6 Flats An exceptionally rare opportunity to acquire a fully tenanted block of six self-contained flats, ideally located in the historic town of Workington, on the edge of the Lake District
• Investment Highlights Fully let investment with all units secured on 6-year 11-month Full Repairing and Insuring (FRI) leases, including maintenance and bills Immediate, hands-off income with long-term tenancy agreements in place Recently refurbished (June 2024) to a high standard throughout All furniture, fixtures, and white goods included in the sale Refurbishment & Specification The entire building underwent a comprehensive renovation prior to handover, including: Full electrical rewire New integrated fire safety system Intercom access installed in each flat Brand-new kitchens and bathrooms Full redecoration throughout New carpet flooring in all flats Durable industrial laminate flooring in communal areas Asset Value & Growth Potential Valued at £500,000 (May 2024) prior to lease agreements Projected commercial valuation: £606,000 (February 2026) Offered below market value, presenting a strong yield and potential for a money-out" investment strategy Tenure & Flexibility Freehold ownership Potential to split into individual leasehold titles for future resale or asset optimisation Accommodation Overview 1 Market Place Entrance Ground Floor Communal entrance hall with staircase and rear fire exit Flat 1: 1 bedroom Large open-plan living/dining/kitchen area 1 bathroom First Floor Flats 2 & 3 (identical layouts): Large bedroom Spacious reception/living room Large kitchen Bathroom Second Floor Flats 4 & 5 (identical layouts): Large bedroom Reception/living room Large kitchen Bathroom 3 Market Place Entrance Flat 6: 2 bedrooms (1 double, 1 single) Large reception room Bathroom Private access to hallway Energy Performance EPC ratings range from C to D across all units Sale Details Offered via auction Next auction date: 28 May 2026 Pre-auction offers will be considered This is a turnkey, income-generating asset in a desirable location, combining strong rental security with clear upside potential
• The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)