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Commercial property with bar/nightclub

Carlisle, CA3 - Get Access

Description

A substantial Town Centre mid terrace property extending to a net internal area of approximately 573 Sq.M / 6,150 Sq.Ft (source - surveyor report provided by vendor). Internally, the accommodation is arranged over three storeys (plus basement) and comprises a former bar / nightclub venue on the ground floor with ancillary accommodation and stores on the upper floors. The property benefits from two access points meaning the upper floors could be separated and potentially converted into residential accommodation (subject to necessary consents). The property fronts directly onto English Street in Carlisle Town Centre close to it's junction with Devonshire Street. A wide variety of neighbouring occupiers include a number of high street banks, national retailers along with independent bars and cafe's.
Comparable sales
1, Warwick Road, CA1 1DH 0.0 mi
£292,000
1 year ago
5a, Warwick Road, CA1 1DH 0.0 mi
£190,000
1 year ago
4, Crosby Street, CA1 1DQ 0.0 mi
Flat • Semi-Detached EPC D (2018)
527 sq ft
£124,800
1 year ago
Estimated market value
£
Range: £ — £
Low confidence Floor Area: 6,512 sq ft (Listing)

The valuation is based on the property's large size, town centre location, and its current state of disrepair. Given the lack of directly comparable sales within the same building and the unique nature of the property as a former bar/nightclub, a cautious approach has been taken. The valuation considers the potential for conversion, subject to planning permission, while heavily discounting for the significant renovation required and the current unsuitability for residential occupation.

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