7 Devonshire Street
CARLISLE, Cumbria CA3 8LG
To Let 2,870 Sq Ft Rent: £40,000 Per Annum
- ESTABLISHED CITY CENTRE FOOD & DRINK LOCATION
- COMMERCIAL AND RESIDENTIAL USES
- INCLUDES BUSINESS, STOCK, FIXTURES & FITTINGS, TRADE NAME AND GOODWILL
- FIRST TIME ON THE MARKET SINCE 1996
- VAT IS NOT PAYABLE ON THE RENT OR BUSINESS PREMIUM
FREEHOLD BUSINESS & RESIDENTIAL FLAT
The property comprises a three storey mid terraced building of limestone block construction, under a pitched slate roof. The property is home to the popular local business, Le Gall, which was established in 1996 from this premises, operating from the basement, ground and first floors.
The second floor is a self-contained residential flat, lived in by the owner, encompassing a master bedroom, guest bedroom (including en-suite), living room and kitchen areas, all finished to a high standard.
7 Devonshire Street is situated centrally on the recently redeveloped street, in a popular daytime and evening area that provides a variety of local bar and restaurant operators; In The Meantime, Connelly's Bar, The Thin White Duke.
| Description | Sq Ft | Sq M |
|---|---|---|
| Restaurant/Bar Ground Floor | 951 | 88.35 |
| Restaurant/Bar First Floor | 574 | 53.32 |
| Basement | 638 | 59.27 |
| Residential Flat Second Floor | 707 | 65.68 |
| Total | 2,870.00 | 266.62 |
The property is connected to mains water, drainage, electricity (3 phase) and gas. Services have not been tested and interested parties should rely on their own investigations to confirm suitability.
Rent
£40,000 per annum exclusive for the whole, including the two-bedroom second-floor residential flat.
Business Premium
Offers in the region of £97,500 are invited for the trade name, fixtures and fittings and goodwill.
The Business - Le Gall
Le Gall is a café, restaurant and wine bar which has been operating from 7 Devonshire Street since 1996, when the building was acquired by the current owner, who is looking to sell due to retirement.
At present, the business opens on weekends and for private events, and boasts positive turnover figures and net profits, for the limited operational times it currently has. Full information is available from the agent.
In light of this, there is huge potential to grow on the current levels of regular and new customers, goodwill, and other opportunities the business possesses by increasing the number of opening days in the week.
The property has recently been fully renovated and is ready for a new owner to take over and continue trading immediately. Viewing is highly recommended to appreciate the opportunity being brought to the market for the first time in nearly 30 years.