15 Criffel St - Storefront Retail/Residential FOR SALE


Silloth, CMA CA7 4BT
$385,000 USD
15 Criffel St, Silloth, CMA for Sale
$385,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 5.4% Cap Rate

15 Criffel St
Silloth, CMA CA7 4BT


HIGHLIGHTS

  • Main road access is by the B5032, via the A596 which connects the towns of Wigton, Maryport and Workington in West Cumbria to Carlisle.
  • The town enjoys tourist visitors throughout the spring, summer and early autumn which enhances trade for local retailers.
  • Surrounding occupiers include a wine bar, ice cream shop, hotel and pub, and convenience store.

OVERVIEW

*** PRIME LOCATION IN SILLOTH *** *** COMMERCIAL AND RESIDENTIAL USES *** *** £20,800 pa COMMERCIAL RENTAL INCOME *** + THREE BED OWNER OCCUPIED FLAT SALE PRICE: £385,000 The property fronts on to Criffel Street and Esk Street within an area looking onto the town’s popular green and surrounded by various local independent retailers. Parking is freely available to front and side of the property. Surrounding occupiers include a wine bar, ice cream shop, hotel and pub, and convenience store. This is a prime location for Silloth. There are currently two separate accesses to the ground floor of the property. One immediately at the front from Criffel Street, which is a stepped access, the other from the side of Esk Street which leads directly into the café area and has been fitted with a wheelchair ramp, which is moveable. Internally, the commercial accommodation provides an access lobby with access doors into the main café, large seating area, bar / counter, kitchen, basement storage, and an integral stairwell, which leads to the separate male and female toilets on the landing level. The ground floor is well fitted out as a café/restaurant, currently trading as Mrs Wilsons. The accommodation is modern throughout. The commercial kitchen is fully fitted out with all necessary equipment and extractor hood. A fire escape door from this area leads into a small courtyard at the rear. The basement area is basic storage. The first-floor accommodation has been refurbished. This currently provides further commercial kitchen and function room space suitable for further seating, if required. The second floor and attic floor comprises an owner occupied residential flat which provides three bedrooms. This accommodation is fitted out to a modern standard, has spacious rooms and boasts excellent views across the Solway and Silloth Green. It could be used as Air BnB or Holiday let accommodation, subject to planning. ACCOMMODATION / AREAS Commercial Basement 035.58 sq m (1,383 sq ft) Ground Floor 069.73 sq m (1,751 sq ft) Landing WC’s First Floor 105.59 sq m (1,136 sq ft) Second & Third Floor (Flat) 120.91 sq m (1,301 sq ft) Total Area 376.81 sq m (3,571 sq ft) TENURE Basement, Ground Floor and First Floor Commercial Unit Term – 5 years wef 27 May 2021 Expiry – 26 May 2026 Rent - £20,800 per annum Repair – IRI Rent Deposit: £5,000 SALE PRICE The property is available FOR SALE as a freehold investment with a sale price of £385,000. VAT We are advised that the property is not VAT elected, and therefore VAT is not payable on the sale price.

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1889

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,868 SF

ZONING

-

APN/PARCEL ID

CU129652,CU46193

ASK ABOUT THIS PROPERTY

Ben BlainCarigiet CowenMore Info

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Ben BlainCarigiet CowenMore Info

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