Crosby Street, Carlisle, Cumbria, CA1

Property Details: • Type: Serviced Apartments • Tenure: N/A • Floor Area: N/A

Key Features: • Carlisle city centre • Freehold property and business • Four luxury apartments • Fully furnished • Ground floor commercial unit • Net rental income £73,000 YE October 2024 • SELLER REF: 93743

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Northern

Full Description: Situated in the heart of Carlisle city centre is this unique opportunity to purchase a substantial, recently converted and refurbished Freehold building, together with a highly successful and very profitable Holiday Let business with 4 luxury, self-contained, fully furnished one bedroom apartments on the first and second floors, and a ground floor office unit with a sitting tenant giving a handy additional income.

The Old Wool House Apartments are located in the Cumbrian city of Carlisle. The city is at the confluence of the rivers Eden, Caldew and Petteril and is the main cultural, commercial and industrial centre in the borderlands. Carlisle is home to the University of Cumbria campus and a variety of museums and heritage centres. The Old Wool House Apartments are located on Crosby Street, just a short walk from the city centre, in close proximity to a host of landmarks including Carlisle Castle, Carlisle Cathedral and Tullie House Museum.

Carlisle is linked to the rest of England via the M6 motorway to the south and to Scotland via the M74 towards Glasgow. Many trunk roads begin in Carlisle, including the A6 Penrith to Luton, the A595 and the A69 which links the town to Newcastle Upon Tyne. Carlisle railway station serves the town and is the principal station on the West Coast Main Line, providing links nationally. Carlisle bus station connects to routes throughout the county. Carlisle Lake District Airport is 6 miles northeast of the city.

The freehold property is of brick construction over three levels of substantial size and sits on a corner plot. The building was converted and fully refurbished in 2018 by the renowned Carlisle builder, McKnight & Son. It reaches all building regulations and boasts superb insulation, new electrics, new double glazing and is fully sound proofed.

Each apartment has a comfortable and spacious living area, bespoke built kitchen area, double bedroom with king/super king size bed, individually designed, fitted furniture and an extremely spacious tiled shower room with large walk-in shower. As well as many unique features, no expense has been spared on the finish, with high end fixtures, fittings and furniture.

The ground floor unit has a large main office space, kitchen, toilet, private office and ample storage. The sitting tenant is a long-established estate agent with a flexible tenancy.

The business benefits from a high rebooking rate from repeat guests and has a solid proportion of longer lets over 3 days. It also enjoys strong trade from the weekend tourist market and business guests. It has a unique advantage, being adjacent to Carlisle Crown Court, and benefits from many solicitors and barristers staying over.

The business offers a great profit but still provides a flexible lifestyle for the current owner who only works 2-3 hours per day and only trades for 8 months of the calendar year, allowing time for family holidays. There is obviously huge growth potential for a buyer who wishes to trade for 12 months of the year.

The business is rated as 'exceptional' on Booking.com and holds 'Super Host' status on Airbnb with its four luxury, fully furnished, one bedroom apartments.

The premises holds a licence to sell alcohol from the mini bars.

Mains water and electricity. CCTV.

Local Authority: Carlisle City Council

Rateable Value: Ground Floor £6,800 . 1st and 2nd Floors £3,350. Both figures are from April 2023 to present.

FREEHOLD £595,000 to include fixtures and fittings. Stock at valuation in addition.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.BrochuresBROCHURE