Summary - 2, Alexander Street, CARLISLE CA1 2LH
5 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prominent corner location with high visibility
- Fully occupied ground floor retail unit and 5 first floor residential flats
- Total rental income of £35,350 per annum
- Close proximity to multiple retailers and the University of Cumbria
- Good condition throughout with recent conversions
- Total size of 3,153 sq ft
**Potential Downsides:**
- High crime rate in the local area
- Slow broadband speeds
- Mixed use in a busy urban environment, which may not appeal to everyone
Discover a lucrative investment opportunity at 2 Alexander Street, Carlisle. This attractive two-storey corner building blends a ground floor retail space, currently leased to The Vape Shop, with five residential flats above—ideal for student accommodations given the nearby university. The property's prime location boasts prominent visibility, facing London Road and situated opposite an established retail park, surrounded by both local and national retailers, creating strong foot traffic.
With a total annual rental income of £35,350, comprising £12,500 from the retail unit and £22,850 from residential leases, this mixed-use property promises a steady revenue stream. The building features modern amenities and good condition throughout, allowing for immediate income potential with minimal maintenance. However, interested buyers should note the high local crime rate and slightly slow broadband speeds, which might affect certain objectives.
With a competitive guide price of £295,000, this investment is a rare find in a vibrant area—act quickly to secure your chance at this well-positioned property!
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