• Rental Income: £13,200 p.a. +
• Gross Initial Yield: 15.53% +
• Comprises self-contained 2-bed flat at first floor +
• Completely refurbished in 2024 to a high standard +

Investment Consideration:
Gross Initial Yield: 15.53%
Rental Income: £13,200 p.a.
VAT is NOT applicable to this property
Comprises self-contained 2-bed flat at first floor
Completely refurbished in 2024 to a high standard
Located in the heart of the town centre with occupiers nearby including Greggs, Age UK, Opticians, Butchers, Restaurants and more.

Property Description:
Comprises self-contained 2-bed flat at first floor. The property has been newly refurbished to a high standard and provides the following accommodation and dimensions:
First Floor: 64 sq m (688 sq ft)
2 bedrooms, kitchen/dining room, bathroom

Tenancy:
Room 1 is at present let on AST to an Individual for a term of 12 Months from 1st March 2025 at a current rent of £6,000 p.a. Deposit held of £500.
Room 2 is at present let on AST to an Individual for a term of 12 Months from 5th January 2025 at a current rent of £7,200 p.a. Deposit held of £600.

Tenure:
Long Leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.

Location:
Cleator Moor is a town, civil parish and two electoral wards in the English county of Cumbria and within the boundaries of the historic county of Cumberland. The area offers a wide range of public transport choices and there are ample public parking spaces in the vicinity. There are bus stops located near to the site, the closest being approximately 98ft from the site. Bus service 30 route is Maryport to Thornhill/Frizington and service SX9 is Asby to Workington. Occupiers nearby including Greggs, Age UK, Opticians, Butchers, Restaurants and more.