Leisure/hospitality for sale in Investment Opportunity - Portland Square, Carlisle CA1, £225,000

225,000.00

Offer Nr.:
63989590
Type of ad:
for Sale
Property type:
Leisure/hospitality
Contact name:
Walton Goodland
Phone(s):
01228 304863

* Close to carlisle city centre within chatsworth square and portland square
* Attractive property retaining many original features, with on site parking
* Currently let to long standing tenant and used as A day nursery
* Tenant business not affected
**Description
**
The property comprises a Grade II Listed 3 - storey mid - terraced building with
cellar of brick construction beneath a multi - pitch, largely slate covered
roof.
Originally a town house and previously used as offices, the property, retains
many attractive period features. It has been run as a children’s day nursery
by the current tenant since 2006 and now operates as Little Owls.
**Location
**
The property is situated close to the junction of Brunswick Street and close
to Warwick Road (A69) in a popular mixed commercial and residential location
adjacent to Portland Square.
Other occupiers nearby include medical practices, Robson Medical & Mobility,
Lancaster Accountants and a mix of other local occupiers.
Opposite the property is Portland Square North being Phase 1 of the high
quality refurbishment of former County Council offices, creating 1/2 bed
luxury apartments and 5/6 bed town houses. Phase 1 has all sold and with Phase
2, Portland Square South available in 2023.
A number of other properties in the vicinity are undergoing high quality
residential conversion.
Accommodation (Net Internal Area)
ground floor: 784 sq. Ft. (73 sq. M. ) (3 main rooms plus ancillary)
first floor: 853 sq. Ft. (78 sq. M. ) (4 main rooms plus ancillary)
second floor: 483 sq. Ft. (45 sq. M. )
cellar: 212 sq. Ft. (20 sq. M. )
accommodation cont. . .
External:
To the front is a small forecourt with main entrance. To the rear is a fenced
play area plus car parking for 4 - 6 vehicles accessed from Wilfred Street and
Cecil Street.
**Services
**
Mains electricity, water and drainage are connected to the property.
**Rateable value
**
Description: Day Nursery and Premises
£14, 400 (2017 listing)
£20, 750 (2023 listing)
**Tenure
**
Freehold, subject to a lease to Little Owls Nursery (Carlisle) Limited
guaranteed by Samantha Mills for a term of 15 years from January 2023, without
break options at a rent of £17, 500 per annum. There is a fixed rental increase
in 2028 to £20, 000 per annum and an upward only rent review in 2033. The lease
is drawn on full repairing and insuring terms.
**Price
**
£225, 000 for the freehold interest in the property, subject to the lease
detailed above.
Energy performance certificate (EPC)
The property is a listed building.
**VAT
**
The property has not been opted to tax.
**Viewings
**
No direct approach should be made to the tenants, all access and viewings must
be arranged via Walton Goodland.
Please note, due to the nature of the tenant business all viewings must be on
an evening only.

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