Royal Hotel / Amante
Lowther Street, CARLISLE, Cumbria
For Sale Sale: £695,000 Freehold
- PASSING RENT £45,000 PER ANNUM
- REDEVELOPMENT OPPORTUNITY FOR UPPER FLOORS
CITY CENTRE FREEHOLD INVESTMENT
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 of the first 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 is not within the ownership or demise.
Carlisle is the chief administrative and commercial centre of Cumbria, with a resident population of circa 85,000 and a much wider catchment in excess of 150,000. The city is the principal retail centre for the area, with Newcastle 60 miles east, Glasgow 90 miles north, and Preston 80 miles south. The city benefits from good transport links by way of Carlisle railway station located adjacent to the property, and the M6/M74 corridor offering convenient access at J42.
The property is located on Lowther Street, close to the intersection with Devonshire Street, in a popular mixed retail and evening leisure area. Nearby occupiers include Bocata Bar, The Last Zebra, Hando's, Coco Mill as well as Lloyds Bank, Nationwide Building Society, CMD Financial Solutions and Homesearch Direct.
The new University of Cumbria campus and Borderlands redevelopment of the Citadel Buildings and Carlisle Train Station are in the pipeline and due to commence shortly. This building lies within close proximity to these developments.
We understand mains gas, water, electricity and drainage are connected to the property. At present, no services are connected or are in situ to the upper floor derelict parts.