Fully let workshop with long lease and immediate income.
9% net yield based on £11,440 annual rent
A compact light-industrial investment with immediate income and a headline 9% yield. The single asset produces £11,440 per year and is fully let on new 10-year FRI leases, offering predictable cashflow from day one.
The property is sold long-leasehold (999 years) with a nominal £1 ground rent, simplifying ownership and reducing headline running costs. At about 1,486 sq ft the unit suits vehicle repair, storage or small-scale workshop operators; images show a modern industrial interior with high ceilings and a large shuttered frontage.
Location strengths include fast broadband and proximity to Workington town centre amenities. Risks are material: the wider area records high crime, very high deprivation and challenging local classifications, which can limit tenant pools and long-term capital growth. Buyers should be comfortable with a location-driven investment and carry out their own tenant and local market due diligence.
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