Summary - AMANTE, 9, LOWTHER STREET CA3 8ES
1 bed 1 bath Commercial Development
**Standout Features:**
- Freehold commercial investment opportunity in Carlisle city center.
- Long-term lease with Amante Bar yielding £45,000 per annum.
- Redevelopment potential for upper floors (minimum 8 flats or alternative uses).
- No VAT payable on the purchase.
- High pedestrian traffic area close to future developments and amenities.
**Key Considerations:**
- Potential mortgage lenders may be unwilling to finance due to 10 years remaining on the lease.
- Upper floors currently derelict, requiring significant renovation.
**Summary:**
This prominent three-story Victorian commercial property, located on bustling Lowther Street, offers an exceptional investment opportunity. The ground floor features a thriving bar, Amante, already generating a robust annual income of £45,000, with a solid lease secured for the next decade. The upper floors present a canvas for talented developers, as they hold the potential for conversion into at least eight residential flats, subject to planning approval—a rarity in this sought-after area.
Positioned in a vibrant neighborhood set for further growth, thanks to the upcoming University of Cumbria campus and other redevelopments, this property promises not just current income but also a future-rich investment. However, be prepared for renovation work on the upper levels, as they currently stand in need of considerable improvement. With no VAT applicable, this opportunity doesn’t just offer space; it offers a vision for lucrative urban living. Act now to secure a stake in a rapidly evolving locale!
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