Summary - Old Market Hall, Market Square, Aspatria, Cumbria CA7 3EZ CA7 3EZ
1 bed 1 bath Leisure Facility
Prominent Victorian Gothic former church/gymnasium, high ceilings and arched windows
A substantial freehold former leisure building occupying a prominent Market Square corner in Aspatria. The Victorian Gothic exterior and high-ceilinged interior give striking character and flexible space across three floors (4,355 sq ft) previously used as a gymnasium.
For investors or developers the property offers immediate vacant possession, an estimated rental value (ERV) of £18,000 p.a. and a gross initial yield around 18.95%. VAT is not applicable, simplifying acquisition costs. The site sits an eight-minute walk from Aspatria train station and close to local retail and services, supporting residential or commercial reuse.
Material considerations: the building will require planning consent and conversion works for residential use, and refurbishment costs and the condition of services are not detailed. Outdoor/garden provision is unclear. Prospective buyers should budget for structural, services and planning surveys before committing.
This asset suits a buyer seeking a high‑visibility conversion opportunity with strong headline yield figures and significant scope to add value through refurbishment and change of use.
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