Summary - 2 CROSBY STREET CARLISLE CA1 1DQ
4 bed 1 bath Commercial Property
**Standout Features:**
- **Prime Location:** Central Carlisle, close to key landmarks and amenities
- **Versatile Investment:** Freehold property with 4 luxury holiday apartments and a commercial unit
- **Established Business:** Net rental income projected at £73,000 by October 2024
- **Modern Construction:** Recently refurbished in 2018, meeting all building regulations
- **Attractive Rental Market:** High rebooking rate, particularly from business clients and tourists
**Concerns:**
- **High Crime Rate:** Area classified as very high crime, which may deter certain buyers/investors
**Summary:**
Discover an exceptional investment opportunity in the heart of Carlisle with this freehold property featuring four luxurious, fully furnished holiday apartments alongside a ground-floor commercial unit. This unique property, known as The Old Wool House Apartments, underwent a complete renovation in 2018 and adheres to all building regulations, ensuring peace of mind for new owners. With bespoke designs, soundproofing, and high-end finishes, each one-bedroom apartment is perfectly tailored for guests, attracting both tourists and business travelers alike.
The robust net rental income of £73,000 projected for the year ending October 2024 highlights its profitability, bolstered by a favorable location near Carlisle’s major attractions such as the Castle, Cathedral, and vibrant city center. Enjoy the operational flexibility that comes with this business model; the current owner manages operations in just 2-3 hours daily. Additionally, the established ground-floor unit, occupied by a long-standing tenant, adds a layer of stability to the investment.
Positioned in an area bustling with amenities and transport links, this property is ideal for investors seeking a lucrative venture with substantial growth potential. However, prospective buyers should be aware of the high local crime rate, which may influence long-term decisions. Embrace the chance to own a prime piece of Carlisle's thriving commercial landscape and explore the possibilities that lie ahead!
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