Summary - 18-22, DEVONSHIRE STREET CA3 8LP
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime mixed-use property located in Carlisle City Centre
- Newly renovated Georgian building spanning 5,366 sq ft
- Fully occupied residential component with six flats generating £39,500 annually
- Commercial space leased to a popular bar, providing £26,500 in rent
- Potential total income: £66,100 per annum, reflecting a net initial yield of 9.03%
- Attractive streetscape enhanced by recent multi-million-pound investments
- Proximity to the upcoming Carlisle Citadels project
**Summary:**
Discover an exceptional investment opportunity at 18-22 Devonshire Street, a newly renovated Georgian building in the vibrant heart of Carlisle City Centre. With a total area of 5,366 square feet, this mixed-use property features a fully occupied residential segment offering six flats and a commercial space currently tenanted by the bustling bar, 'Skoal.' The thoughtfully designed interior boasts high ceilings, modern amenities, and an attractive street-facing facade with large glazed windows that enhance visibility and accessibility.
Positioned near trendy eateries and essential amenities, this property stands to benefit from ongoing urban revitalization, which aims to drive foot traffic and enhance the area’s appeal. While the region experiences high crime levels, the exceptional rental income potential makes this a rare opportunity for astute investors looking to capitalize on a growing urban market. With an attractive council tax rate and significant renovation completed around 2014, this property not only promises strong returns but also offers future renovation possibilities to increase value further. Don’t miss out on owning a prime piece of Carlisle’s commercial landscape; schedule a viewing today!
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