Offers in region of

£195,000

(£83.66/sq. ft)

Office for sale
Investment - 1 Fisher Street, Carlisle, Cumbria CA3

    • 2,331 sq. ft

Back to market
Available immediately
Freehold
Added on 05/07/2023

About this property

  • Prime position in carlisle's historic quarter

  • Income producing at £13,000 pa

  • Mixed-use city-centre location close

  • Well-appointed accommodation

A Grade II Listed traditional brick built three storey end of terrace building under a pitched slate roof. Internally, the property provides well fitted out office accommodation throughout including private and open plan meeting rooms, kitchen facilities, WC's and storage accommodation in the basement.

The property is let on a 10-year lease, due to expire on 12 February 2028, providing a secure and reliable income stream. It is currently producing a passing rent of £13,000 per annum. The tenant is Safety Net (UK), a well-established and reputable registered charity (Charity No. 1164998), offering strong covenant strength and long-term occupational stability.

Location

Carlisle is the chief administrative and commercial centre of Cumbria with a resident population of circa 85,000 and a much wider catchment in excess of 150,000. The city is the principal retail centre for the area with Newcastle 60 miles east; Glasgow 90 miles north; and Preston 80 miles south.

The property is situated to the northern end of Carlisle City Centre, within the historic quarter offering views of Castle Way and Carlisle Castle. This is a mixed use area with uses including; offices, retailing, residential live/work accommodation and leisure.

Accommodation

This property has been measured and extends to the following approximate areas:

Terms

Offers in the region of £195,000 are invited for the sale of the freehold investment.

Services

We understand mains water, gas, electricity and drainage are connected to the property.

Business Rates

The Valuation Office Agency describes the property as Office and Premises with a 2026 List Rateable Value of £14,500. The Small Business Non-Domestic multiplier for the 2026/27 rate year is 38.02p in the £.

EPC

An EPC has been commissioned and will be made available shortly.

VAT

No VAT is payable on the sale price.

Mortgage calculator

Monthly repayment

£975 per month

Whole of market comparison

70+ lenders and 10,000+ products

How much could I borrow

In partnership with

mojo logo

The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

More information

Report this listing

Carigiet Cowen Chartered Surveyors

Logo of Carigiet Cowen Chartered Surveyors