Lot
087
Auction: June 2023 Online Auction 21/06/2023 - Bidding opens Tuesday 20th June 10:00 AM

9 Market Place, Ulverston, Cumbria, LA12 7BA

Property Details
Location
Auction Details
Description
A fully-let, mixed-use investment opportunity generating a combined income of £17,100 per annum. The prominent property is arranged over four floors and comprises a basement, ground floor hair salon, a first floor flat, and a second floor flat. The property offers good rental returns in a central location.
Location
The property has a strong, central location in Ulverston town centre, fronting Market Place and Market Street, with King Street (B5281) adjacent to it. The local area provides a wide range of amenities, including brands such as Tesco Express but also plenty of local eateries and shops. The property has good transport links via the A590 which connects it to the wider region, as well as Ulverston train station which is located approximately 0.4 miles to the south.
Accommodation

StoreyDescriptionFloor Area
Basement:Storage w/ meters25 Sq M (275 Sq Ft)
Ground Floor:Hair Salon31 Sq M (332 Sq Ft)
First Floor:Living room/Bedroom, Kitchen, Bathroom
Second Floor:Living room, Bedroom, Kitchen, Bathroom

Planning
For any pre-application advice, interested parties should consult directly with the Local Planning Authority: South Lakeland District Council, South Lakeland House, Lowther Street, Kendal, Cumbria LA9 4DQ. Telephone: 01539 733 333. Email: development.management@southlakeland.gov.uk
Tenancy

UnitRentTerms
Hair Salon:£7,200paExpiry April '26
Flat 1:£350pcm (£4,200pa)
Holding over
Flat 2:£475pcm (£5,700pa)Expiry Sep '23
Total:£17,100pa

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 20TH JUNE AND CLOSES ON WEDNESDAY 21ST JUNE.

3. The property is entered in the 2023 Rating List as " Hairdressing Salon and Premises" with a Rateable Value of £9,500. The Rateable Value (RV) is not the amount payable.

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