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Crosby Street, Carlisle, Cumbria, CA1

£595,000

Business rates & charges may apply

Sidney Phillips Limited, Northern
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SECTOR

Commercial property for sale

Key features

  • Carlisle city centre
  • Freehold property and business
  • Four luxury apartments
  • Fully furnished
  • Ground floor commercial unit
  • Net rental income £73,000 YE October 2024
  • SELLER REF: 93743

Description

Situated in the heart of Carlisle city centre is this unique opportunity to purchase a substantial, recently converted and refurbished Freehold building, together with a highly successful and very profitable Holiday Let business with 4 luxury, self-contained, fully furnished one bedroom apartments on the first and second floors, and a ground floor office unit with a sitting tenant giving a handy additional income.

The Old Wool House Apartments are located in the Cumbrian city of Carlisle. The city is at the confluence of the rivers Eden, Caldew and Petteril and is the main cultural, commercial and industrial centre in the borderlands. Carlisle is home to the University of Cumbria campus and a variety of museums and heritage centres. The Old Wool House Apartments are located on Crosby Street, just a short walk from the city centre, in close proximity to a host of landmarks including Carlisle Castle, Carlisle Cathedral and Tullie House Museum.

Carlisle is linked to the rest of England via the M6 motorway to the south and to Scotland via the M74 towards Glasgow. Many trunk roads begin in Carlisle, including the A6 Penrith to Luton, the A595 and the A69 which links the town to Newcastle Upon Tyne. Carlisle railway station serves the town and is the principal station on the West Coast Main Line, providing links nationally. Carlisle bus station connects to routes throughout the county. Carlisle Lake District Airport is 6 miles northeast of the city.

The freehold property is of brick construction over three levels of substantial size and sits on a corner plot. The building was converted and fully refurbished in 2018 by the renowned Carlisle builder, McKnight & Son. It reaches all building regulations and boasts superb insulation, new electrics, new double glazing and is fully sound proofed.

Each apartment has a comfortable and spacious living area, bespoke built kitchen area, double bedroom with king/super king size bed, individually designed, fitted furniture and an extremely spacious tiled shower room with large walk-in shower. As well as many unique features, no expense has been spared on the finish, with high end fixtures, fittings and furniture.

The ground floor unit has a large main office space, kitchen, toilet, private office and ample storage. The sitting tenant is a long-established estate agent with a flexible tenancy.

The business benefits from a high rebooking rate from repeat guests and has a solid proportion of longer lets over 3 days. It also enjoys strong trade from the weekend tourist market and business guests. It has a unique advantage, being adjacent to Carlisle Crown Court, and benefits from many solicitors and barristers staying over.

The business offers a great profit but still provides a flexible lifestyle for the current owner who only works 2-3 hours per day and only trades for 8 months of the calendar year, allowing time for family holidays. There is obviously huge growth potential for a buyer who wishes to trade for 12 months of the year.

The business is rated as 'exceptional' on Booking.com and holds 'Super Host' status on Airbnb with its four luxury, fully furnished, one bedroom apartments.

The premises holds a licence to sell alcohol from the mini bars.

Mains water and electricity. CCTV.

Local Authority: Carlisle City Council

Rateable Value: Ground Floor £6,800 . 1st and 2nd Floors £3,350. Both figures are from April 2023 to present.

FREEHOLD £595,000 to include fixtures and fittings. Stock at valuation in addition. 

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

Energy Performance Certificates

EPC

Crosby Street, Carlisle, Cumbria, CA1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Carlisle Station0.2 miles
  • Dalston Station4.0 miles
  • Wetheral Station4.1 miles

About Sidney Phillips Limited, Northern

Northern

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

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Disclaimer - Property reference 93743FH. 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 Sidney Phillips Limited, Northern. 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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