2 bedroom mixed use for sale

11 - 15 High Street, Longtown

Sold STC £300,000

Property Description

Full description

Tenure: Freehold

INVESTMENT PROPERTIES
A commercial and residential investment opportunity comprising a 2 bedroom house and 2 retail/cafe businesses with offices on the first floor having potential for conversion and further development. The properties presently produces an annual income of around 20,000 per annum showing a return of around 6.6% on the guide price with potential for improvement. They are situated in a prime position on the centre of the market town of Longtown with parking available nearby and comprising part of a traditional terrace of commercial properties in a conservation area with good road frontage plus access to a rear yard and a rear pedestrian access. Commercial accommodation comprises a ground floor cafe premises with kitchen and toilet facilities and an adjoining retail and tea room premises with extensive first floor accommodation to include W.C. facilities, a second kitchen, shower room and extensive office and stores which would readily convert to residential use subject to gaining necessary consents. The first floor accommodation has a separate access. EPC's = B, C, & D.


LOCATION
Longtown is a market town, situated on the A7, due north of the City of Carlisle and Junction 44 of the M6. This is an ideal location for access to the local road network to include the A74(M) and the M6 together with the A75 from Gretna westward into Dumfries & Galloway and for the A69 to the northeast at Brampton. The properties are situated in the centre of Longtown close to all main retail outlets and local facilities with ample parking available nearby. The position of the properties are shown on the following Location Plans.

VIEWING
Strictly by appointment only with the sole selling agents on (01228) 792299.

RENTS

Address Monthly Rent Annual Rent

11/13 High Street 456.45 pcm 5,477.40 pa

15 High Street 770 pcm 9,240 pa

15A High Street 450 pcm 5,400 pa

Total 20,177 pa

Say 20,000 pa


The Guide Price is 300,000 showing a return 6.6% per annum although the premises have much potential for improvement and enhanced rents.

a) 11/13 High Street - Let on a 9 year lease from 2009 (date to be confirmed)

b) 15 High Street - has been let to tenants from the 1st May 2015 with no formal lease with more details available on enquiry.

c) 15A High Street - the dwelling is presently occupied by a relative of the owner and on sale, the tenant will enter into a 6 month Assured Shorthold Tenancy Agreement at a rent of 450 pcm or if preferred by the purchaser, the house can be vacant or advertised to let prior to completion for a residential letting.

ACCOMMODATION
11-13 High Street - a bakery and cafe premises with cafe area of around 29.4 sq m opening up to a rear kitchen of 19.3 sq m and adjoining W.C. facilities.

15 High Street - an extensive office and retail premises presently trading as a tea room and retail outlet extending to around 86 sq m on the ground floor with fitted catering kitchen (tenant's) and boiler and connection to a side hall with a separate front door providing access to the first floor. The first floor has extensive offices and stores to include a shower room, 2 kitchens and W.C. facilities with oil fired central heating and extending to around 68 sq m. The overall area is around 154 sq m and this unit could readily be split into two units and the first floor has potential to easily convert to a residential flat subject to consents.


External Areas - There is a side entry door providing pedestrian access to a rear yard, presently used for external dining for the cafe and also housing the oil central heating tank for 15 High Street. A pedestrian gate leads to a private courtyard for the house at 15A High Street, which has two outbuildings and a rear pedestrian access leading to Netherby Street.

15A High Street - This dwelling was converted around the year 2000 from a traditional brick building and has electric heating and timber double glazing. The accommodation briefly comprises;

Entrance vestibule with staircase, kitchen with fitted units, built-in oven and hob, plumbing for washing machine, a 1 bowl sink and pantry cupboard.
Living room/Dining room with French doors to the courtyard and under stair cupboard.

On the first floor, a landing with hot water cylinder cupboard and loft hatch, double bedroom with built-in wardrobe and en-suite shower room, bathroom with a three piece bathroom suite comprising a panelled bath, pedestal wash hand basin and W.C and a double bedroom with built-in wardrobe.

COUNCIL TAX/RATES
Following enquiry to the Valuation Office website we understand the residential property is in council tax band A, 11-13 High Street has a rateable value of 3,400 and 15 High Street has a rateable value of 6,200.

EPC
Copies of the Energy Performance Certificates for the properties are available on request.


Nearest station

  • Gretna Green (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

C & D Rural, Carlisle

Lakeside, Townfoot, Longtown, Carlisle, CA6 5LY

01228 738014 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map

Nearest station

  • Gretna Green (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

C & D Rural, Carlisle

Lakeside, Townfoot, Longtown, Carlisle, CA6 5LY

01228 738014 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference eleventofifteenhighstreet. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by C & D Rural, Carlisle. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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