2 Crosby St
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2 Crosby St
1,167 SF Retail Building Carlisle CA1 1DQ $754,196 ($646/SF)
Investment Highlights
- . The city is the principal retail centre for the area with Newcastle 60 miles east; Glasgow 90 miles north; and Preston 80 miles south.
- Convenient access to the pedestrianized shopping streets of English Street and Scotch Street.
- Immediately behind Lowther Street and close to the intersection with Devonshire Street, in a popular mixed retail and evening leisure area.
Executive Summary
The property is available to purchase on a freehold basis at a sale price of £595,000 for the investment including the business.
THE BUSINESS
The Old Wool House Apartments business is rated exceptional on Booking.com and holds ‘Super Host’ status on Airbnb with four luxury fully furnished one-bedroom apartments. Demand is constantly strong and the business benefits from advanced bookings in place for 2024.
The business offers potential for excellent profits but still offers a flexible lifestyle for the current owner who maintains the business and building for approximately 1-2 hours per day. At present, the business operates for 8 months a year due to family commitments. The potential for a further 4 months of trade could increase the current £67,000 per year average profits to even higher levels. There is obviously a huge growth potential for a buyer who wishes to trade for 12 months of the year.
The business benefits from a high rebook rate from repeat guests and has a solid proportion of longer lets over 3 days as well as a strong booking rate from the weekend tourist market and business guests. Neighbouring the Crown Courts, one benefit is that many solicitors and barristers book accommodation regularly.
THE BUSINESS
The Old Wool House Apartments business is rated exceptional on Booking.com and holds ‘Super Host’ status on Airbnb with four luxury fully furnished one-bedroom apartments. Demand is constantly strong and the business benefits from advanced bookings in place for 2024.
The business offers potential for excellent profits but still offers a flexible lifestyle for the current owner who maintains the business and building for approximately 1-2 hours per day. At present, the business operates for 8 months a year due to family commitments. The potential for a further 4 months of trade could increase the current £67,000 per year average profits to even higher levels. There is obviously a huge growth potential for a buyer who wishes to trade for 12 months of the year.
The business benefits from a high rebook rate from repeat guests and has a solid proportion of longer lets over 3 days as well as a strong booking rate from the weekend tourist market and business guests. Neighbouring the Crown Courts, one benefit is that many solicitors and barristers book accommodation regularly.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
1,167 SF
Building Class
C
Year Built
1901
Price
$754,196
Price Per SF
$646
Tenancy
Single
Building Height
3 Stories
Building FAR
0.51
Lot Size
0.05 AC
Frontage
24 FT on Crosby Street
Amenities
- Automatic Blinds
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2 Crosby St
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