Carigiet Cowen Chartered Surveyors — expert, efficient and personal serviceRegulated by RICS

About this property:

* PROMINENT CITY CENTRE LOCATION *
* PASSING RENTAL INCOME: £25,500 PER ANNUM *
* NO VAT PAYABLE *
* RARE INVESTMENT OPPORTUNITY IN CARLISLE *

LOCATION
The property is located on Bank Street, just off English Street, the prime shopping street for Carlisle, which is fully pedestrianised.

DESCRIPTION
A three-storey mid-terraced building. The ground floor is self-contained, with stepped access from the front. Upon entry, the ground floor is a rectangular open-plan sales area with stairs leading to the large basement. The basement comprises a kitchen and WC.

Access to the first and second floors is via a staircase to the side of the shop unit. This is totally self-contained and let to a long-established salon operator.

Upon entry, stairs lead to the first floor, which comprises an open-plan salon area with a kitchen. A further staircase provides access to the second floor, which offers additional salon and storage rooms. This space is suitable for conversion to residential.

ACCOMMODATION
Ground Floor
Net Internal Area: 49.10 sqm 529 sqft
ITZA: 41.85 sqm 451 sqft
Basement Stores: 41.07 sqm 442 sqft
First Floor: 45.27 sqm 487 sqft
Second Floor: 47.21 sqm 508 sqft

SERVICES
We understand mains water, electricity and drainage are connected to the property.

TENANCY SCHEDULE
Ground Floor and Basement Retail Unit – Toys n Tech Ltd - 6 years wef 14 May 2020; expiry 13 May 2026; Rent £19,000 pax; IRI lease.
The Tenant is vacating at lease expiry.

This unit is currently also on the market on a
TO LET basis.

First and Second Floors – Craft Hair & Beauty
6 years wef 12 May 2020; expiry 11 May 2026;
Rent £6,500 pax; IRI lease.

SALE PRICE
Offers in the region of £260,000 are invited for the sale of the freehold investment.

COSTS
Both parties will bear their own legal and professional costs in respect of any transaction.

VAT
No VAT is payable on the sale price.

Terms: Sale Price: £260,000
Size: 182.65 m² (1966 ft²)
Postcode: CA3 8HJ
Ref:BB/7937