Summary - Cumbria House,Murray Road,WORKINGTON,CA14 2AD CA14 2AD
1 bed 1 bath Office
Fully let freehold corner property in Workington with established income and management requirements..
- Fully let multi-tenant corner building, annual income £51,214
- Freehold sale; no VAT payable on the price
- Total area approx. 6,101 sq ft across two storeys
- Enclosed rear car park with six off-street spaces
- Several leases IRI; some subject to Schedule of Condition
- Multiple tenant break options and near-term lease expiries
- Located in a very deprived area with very high crime rate
- Small plot footprint; limited scope for on-site expansion
Cumbria House is a prominent, fully let two-storey corner property in central Workington, offered freehold with an annual income of £51,214. The building spans approximately 6,101 sq ft across nine rooms and is occupied by four independent tenants, including Age UK Carlisle & Eden and Groundworks North East and Cumbria. The site includes an enclosed rear car park with six off-street spaces and benefits from strong high-street visibility on Murray Road and New Oxford Street.
The investment appeals to income-focused buyers seeking an established, multi-tenant commercial asset. Leases are generally short- to medium-term and mostly on internal repairing and insuring (IRI) terms; several agreements include break options and Schedule of Condition provisions. There is no VAT payable on the sale price.
Buyers should note clear risk factors: the property sits in a very deprived area with a high local crime rate, and the plot is compact with limited parking. Several tenants have break clauses and some leases expire within the next few years, so rental continuity and active asset management will be important to preserve income. The building offers potential for rental growth through proactive lease renewals or re-letting at expiry, but investors should factor in management costs and local market conditions.
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