Commercial, freehold investment opportunity

Imposing commercial property close to the city centre, currently operates as a multi-let building, over 4 floors the property consists of multiple rooms of varying sizes which has been popular with tenants from the beauty and hair industry. There are 2 units currently let giving an immediate income of £9.880 per annum with further scope for lettings and development. Capable of producing £25,000 per annum when fully let which is a gross yield of 12.5% at the guide price.

Tenure

See Legal Pack

Ground Floor

Vestibule; Entrance Hall; WC; Front left Room - 16' x 14'3 - Rear left Room - 15' x 13' - let on licence at £390 per month until end April 2022; Front right Room - 14'9 x 14' - let on licence at £433.33 per month until 3rd September2022;

Basement storage

Room 1 - 14'6 x 13'; Room 2 - 13'6 x 13'6; Room 3 - 7'3 x 7';

First Floor

Front Room - 14'3 x 13'9; 2 Front Rooms - 24'3 x 10' overall; Rear Room - 15'6 x 9'; Kitchen - 14' x 4'3;

Second Floor

Storage and WC.

Viewing

Please telephone 01228 510552

Energy Efficiency Rating (EPC)

Current Rating G

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Carlisle City Council

Additional Fees

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.