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Lowther Street, 9Carlisle

For Sale - Other

*** CITY CENTRE FREEHOLD INVESTMENT ***
*** PASSING RENT: £45,000 PER ANNUM ***
***** PLUS *****
*** REDEVELOPMENT OPPORTUNITY TO UPPER FLOORS ***

A traditional three storey mid-terraced property of masonry construction, under a pitched slate roof which has been recently re-covered.

Amante Bar sits within the ground floor and part of the first floor of the subject property and benefits from it’s own dedicated access and external seating area.

The remaining parts to the first floor and second floor areas are currently derelict but would be suitable for redevelopment to at least 8 no. flats or alternative uses, subject to planning.

These areas benefit from their own dedicated access stairwells.

Please note, the parade of shops below the first floor fronting Lowther Street are not within the ownership or demise.

The Amante bar is shown shaded red on the goad plan overleaf. The total outline including the upper floors is shown outlined blue.

TENANCY
The following occupational lease terms are in situ: -
• Tenant - Amante Holdings Carlisle Limited
• Term - 10 years with effect from 1st December 2023
• Break - Tenant only at the end of year 5
• Rent - £45,000 per annum exclusive

In addition, the rent is to be reviewed on an upward only basis at the end of the 5th year of the lease. The current tenants are standing as personal guarantors against the lease and the lease is excluded from sections 24-28 of the landlord and tenant act 1954.

SALE PRICE
Offers in the region of £695,000 for the freehold investment are invited.

Terms: For Sale: £695,000

Size: 0.00 m² (0 ft²)

View Details Status: Available
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Station Street, 4 & 4DCockermouth

Investment for Sale - Retail

** FREEHOLD RETAIL INVESTMENT **
** FULLY LET AND INCOME PRODUCING **
** PASSING RENT £27,400 PER ANNUM EXCLUSIVE **
** NO VAT PAYABLE **

4 & 4d Station Street provides two self contained ground floor retail units of a three-storey terrace building. Both units benefit from a single dedicated parking space to the rear and attractive window display frontages. The residential flats to the upper floors have been sold off previously on a long leasehold basis.

ACCOMMODATION / AREAS
Unit 4 - Memoscan Ltd t/a Mama Mia
Front Sales Area: 74.12 sq m 798 sq ft
Back Sales Area: 65.36 sq m 704 sq ft
Cellar - Storage: 47.74 sq m 514 sq ft
Total: 187.22 sq m 2,016 sq ft

Unit 4d - Fyne Fish
Front Sales Area: 78.75 sq m 848 sq ft
Rear Prep Area/Classroom: 43.24 sq m 465 sq ft
Total: 121.99 sq m 1,313 sq ft

SERVICES
We understand mains water, electricity and drainage are connected to the property. Gas is also connected to Unit no. 4.

TENURE
Unit 4 is currently let to Memoscan Ltd t/a Mama Mia on a new 25 year lease with effect from December 2023 at a rent of £14,400 per annum with rent reviews 5th yearly. There are tenant only breaks in December 2038 and 2043. The tenant is currently in the process of fitting out the unit ready for opening their hot food takeaway.

Unit 4d is currently let to Fyne Fish on new 10 year lease with effect from November 2021 at a rent of £13,000 per annum with rent reviews in 2024, 2027 and 2030. There are tenant-only breaks in April 2028 and 2030.

VAT
The property is not registered for VAT. Therefore VAT will not be payable on the sale price.

Offers in the region of £375,000 are invited for the freehold interest.

Terms: For Sale: £375,000

Size: 309.21 m² (3328 ft²)

View Details Status: Available
Property Image

Station Street, 4 & 4DCockermouth

Investment for Sale - Other

** FREEHOLD RETAIL INVESTMENT **
** FULLY LET AND INCOME PRODUCING **
** PASSING RENT £27,400 PER ANNUM EXCLUSIVE **
** NO VAT PAYABLE **

4 & 4d Station Street provides two self contained ground floor retail units of a three-storey terrace building. Both units benefit from a single dedicated parking space to the rear and attractive window display frontages. The residential flats to the upper floors have been sold off previously on a long leasehold basis.

ACCOMMODATION / AREAS
Unit 4 - Memoscan Ltd t/a Mama Mia
Front Sales Area: 74.12 sq m 798 sq ft
Back Sales Area: 65.36 sq m 704 sq ft
Cellar - Storage: 47.74 sq m 514 sq ft
Total: 187.22 sq m 2,016 sq ft

Unit 4d - Fyne Fish
Front Sales Area: 78.75 sq m 848 sq ft
Rear Prep Area/Classroom: 43.24 sq m 465 sq ft
Total: 121.99 sq m 1,313 sq ft

SERVICES
We understand mains water, electricity and drainage are connected to the property. Gas is also connected to Unit no. 4.

TENURE
Unit 4 is currently let to Memoscan Ltd t/a Mama Mia on a new 25 year lease with effect from December 2023 at a rent of £14,400 per annum with rent reviews 5th yearly. There are tenant only breaks in December 2038 and 2043. The tenant is currently in the process of fitting out the unit ready for opening their hot food takeaway.

Unit 4d is currently let to Fyne Fish on new 10 year lease with effect from November 2021 at a rent of £13,000 per annum with rent reviews in 2024, 2027 and 2030. There are tenant-only breaks in April 2028 and 2030.

VAT
The property is not registered for VAT. Therefore VAT will not be payable on the sale price.

Offers in the region of £375,000 are invited for the freehold interest.

Terms: For Sale: £375,000

Size: 309.21 m² (3328 ft²)

View Details Status: Available

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