Summary - 78 KING STREET WHITEHAVEN CA28 7LE
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime high street location on King Street, next to Whitehaven Marina.
- Ground floor retail space (1,085 sq ft) with ancillary basement and part first floor.
- Established rental income of £6,200 p.a., yielding approximately 8.27%.
- Sold-off residential flats with long leaseholds providing additional investment potential.
- Surrounded by major retailers, restaurants, and amenities, ensuring high foot traffic.
**Summary:**
This mixed-use freehold investment at 78 King Street, Whitehaven, presents a compelling opportunity for astute investors. The property encompasses a spacious ground floor retail unit, complemented by ancillary basement storage and part first floor space, perfect for retail or service businesses. Notably, it generates a steady rental income of £6,200 per annum with an attractive yield of 8.27%, and is conveniently located within a thriving commercial hub next to high-profile occupiers like Halifax and Subway.
While the three residential flats above have been sold off on long leases, their presence adds a unique layer of value to your investment. The building’s classic Victorian architecture, characterized by a high ceiling and large display windows, offers significant visibility and charm, making it appealing to both customers and future tenants. However, potential investors should also consider the very high local crime rate and the extremely deprived area classification, indicating a need for careful management.
Seize this opportunity to own a piece of Whitehaven’s bustling high street, where you can capitalize on growing commercial activity and the surrounding amenities, all while benefiting from a long-term income stream and the potential for future renovations. This investment waits to be taken advantage of—don’t miss out!
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