Lowther Street, 9
Carlisle
About this property:
*** 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 its 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)
Postcode: CA3 8ES
Ref:BB/7420
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