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5 bedroom block of apartments for sale
7, 7A, 9, 9A Wilson Street, Workington, Cumbria CA14 4AZ
£125,000
7, 7A, 9, 9A Wilson Street, Workington, Cumbria CA14 4AZ
£125,000
Our Summary
- GUIDE PRICE £125,000+ FOR SALE BY PUBLIC AUCTION ON THURSDAY 3rd APRIL 2025 AT THE HALSTON HOTEL, CARLISLE - For bidding registration, please visit auctionhousecumbria
- uk - A freehold, town centre investment property occupying a prime position which comprises 4 self-contained residential units plus a vacant former warehouse/office unit behind which is capable of further development subject to planning consent
- A freehold, town centre investment property occupying a prime position which comprises 4 self-contained residential units plus a vacant former warehouse/office unit behind which is capable of further development subject to planning consent
Description
This freehold property in a prime town centre location comprises four self-contained residential units and a vacant former warehouse/office unit. The four let units produce an immediate income of £18,996 per annum, equivalent to a gross yield of 14% at the guide price of £125,000+. The property is occupied by four tenants, with each unit having its own unique features, including studios, maisonettes, and a mix of living spaces, kitchens, and bathrooms. The vacant warehouse/office unit offers potential for further development, subject to planning consent. The property is being sold by public auction on April 3rd, 2025, and interested buyers are advised to register on the auction house's website.