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Union Hall Scotch St 5,849 SF 41% Leased Office Building Whitehaven CA28 7BJ $820,868 CAD ($140.34 CAD/SF) 10% Cap Rate

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Investment Highlights

  • Existing offices adjacent to Dixons department store and retail fringe
  • Centrally located Grade II listed building opposite civic hall and library
  • Property requires full refurbishment internally
  • Could suit alternative commercial use or conversion, subject to planning

Executive Summary

The property comprises a Grade II listed building previously used as Council offices, being currently arranged as office space with return frontage to Scotch Street and Lowther Street. 450,000 for the freehold interest in the property, or £45,000 per annum, exclusive of business rates, VAT and all other outgoings.

Attachments

Brochure

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Tenure
Freehold
Building Size
5,849 SF
Building Class
C
Year Built
1875
Price
$820,868 CAD
Price Per SF
$140.34 CAD
Cap Rate
10%
NOI
$82,087 CAD
Percent Leased
41%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,462 SF
Building FAR
3.36
Lot Size
0.04 AC

Amenities

  • Storage Space
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Ground
  • 1,908 SF
  • Office
  • Shell Space
  • Now

The property comprises a Grade II listed building previously used as Council offices. The property comprises 3461 sf of office space and then a further 672 sf of storage space available to let on a term to be agreed at a rental of £45,000 pa.

  • 1st Floor
  • 1,553 SF
  • Office
  • Shell Space
  • Now

The property comprises a Grade II listed building previously used as Council offices. The property comprises 3461 sf of office space and then a further 672 sf of storage space available to let on a term to be agreed at a rental of £45,000 pa.

Space Size Space Use Condition Available
Ground 1,908 SF Office Shell Space Now
1st Floor 1,553 SF Office Shell Space Now

Ground

Size
1,908 SF
Space Use
Office
Condition
Shell Space
Available
Now

1st Floor

Size
1,553 SF
Space Use
Office
Condition
Shell Space
Available
Now

Ground

Size 1,908 SF
Space Use Office
Condition Shell Space
Available Now

The property comprises a Grade II listed building previously used as Council offices. The property comprises 3461 sf of office space and then a further 672 sf of storage space available to let on a term to be agreed at a rental of £45,000 pa.

1st Floor

Size 1,553 SF
Space Use Office
Condition Shell Space
Available Now

The property comprises a Grade II listed building previously used as Council offices. The property comprises 3461 sf of office space and then a further 672 sf of storage space available to let on a term to be agreed at a rental of £45,000 pa.

  • Listing ID: 14653956

  • Date on Market: 2018-12-17

  • Last Updated:

  • Address: Scotch St, Whitehaven CA28 7BJ

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