Summary - 55, HIGH STREET CA25 5BQ
1 bed 1 bath Retail Property (high street)
**Key Features:**
- Prime corner retail unit in Cleator Moor
- Recently refurbished to a high standard in 2024
- Gross Initial Yield of 9.23% with a rental income of £6,000 p.a.
- Excellent visibility with large, arched windows
- Leasehold property with 999 years remaining, peppercorn ground rent
- Ancillary accommodation in the basement
- Chain-free and potential for various retail uses
**Summary:**
Discover a lucrative investment opportunity with this newly renovated corner retail unit at 55 High Street, Cleator Moor. Offering 1,043 sq ft of space, this property is ideal for investors looking to capitalize on a high yield of 9.23%. Currently let to a hair salon at an annual rent of £6,000, this investment secures immediate income with a long lease and options for future tenants.
Enjoy the benefits of an ideal location surrounded by popular retailers like Greggs and Age UK, ensuring consistent foot traffic. The property's stylish Victorian façade and high ceilings add charm, while the high street visibility enhances business potential.
Located in a small town with an ageing industrious workforce, this retail space caters to a community eager for diverse services. Off-street parking further increases its appeal, though potential buyers should note the area's above-average crime rate, which may affect property perception. Don't miss out on this prime opportunity to invest in a thriving community; properties like this are rarely on the market for long!
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