15 Criffel Street, Silloth CA7 4BT

LOCATION
Silloth is a small Victorian seaside town on the shores of the Solway Firth. The town enjoys tourist visitors throughout the spring, summer and early autumn, which enhances trade for local retailers.

The property fronts onto Criffel Street and Esk Street within an area looking onto the town's popular green and surrounded by various local independent retailers. Parking is freely available at the front and side of the property. Surrounding occupiers include a wine bar, ice cream shop, hotel and pub, and convenience store. This is a prime location for Silloth.

DESCRIPTION
The property comprises a substantial end-of-terrace corner building, arranged over basement, ground, first, second and attic floors. The property is operational for tenanted commercial and owner-occupied residential uses at present.

There are currently two separate accesses to the ground floor of the property. One immediately at the front of Criffel Street, which is a stepped access, the other from the side of Esk Street, which leads directly into the café area and has been fitted with a wheelchair ramp, which is moveable.

Internally, the commercial accommodation provides an access lobby with access doors into the main café, a large seating area, bar/counter, kitchen, basement storage, and an integral stairwell, which leads to the separate male and female toilets on the landing level.

The ground floor is well fitted out as a café/restaurant, currently trading as Mrs Wilsons. The accommodation is modern throughout. The commercial kitchen is fully fitted out with all necessary equipment and an extractor hood. A fire escape door from this area leads into a small courtyard at the rear. The basement area is basic storage. The first-floor accommodation has been refurbished. This currently provides further commercial kitchen and function room space suitable for further seating, if required.

The second floor and attic floor comprise an owner-occupied residential flat which provides three bedrooms. This accommodation is fitted out to a modern standard, has spacious rooms and boasts excellent views across the Solway and Silloth Green. It could be used as Airbnb or Holiday let accommodation, subject to planning.

ACCOMMODATION SQ M SQ FT
Commercial Basement 35.58 383
Ground Floor 69.73 751
Landing WC's
First Floor 105.59 1,136
Second & Third Floor (Flat) 120.91 1,301
Total 376.81 3,571

SERVICES
We understand mains water, gas, electricity and drainage are connected. Heating is provided by way of wall-mounted panel radiators. It is noted that at present, there are two separate boilers within the property, one serving the ground and first floor, and the other serving the residential flat.

TENANCY SCHEDULE
Basement, Ground Floor and First Floor Commercial Unit
Term - 5 years wef 27 May 2021
Expiry - 26 May 2026
Rent - £20,800 per annum
Repair - IRI
Rent Deposit: £5,000

SALE PRICE
The property is available FOR SALE as a freehold investment with a sale price of £385,000.

VAT
No VAT is payable on the investment sale figure.