Crosby-on-Eden 3,500 sq ft Retail Property Carlisle CA6 4QN £350,000 (£100/sq ft) 7.35% Net Initial Yield

Comprises large traditional village pub which is Grade 2 listed in the heart of the affluent and beautiful village of Crosby-on-Eden, Cumbria. Main entrance leading into an open plan area on split levels, Restaurant with seating. Well equipped catering kitchen. Owner`s accommodation is a separate 3 Bedroom semi-detached cottage consisting of kitchen, large lounge, and spacious garage. This pub was recently refurbished to a high standard, whilst retaining the original character features including exposed brick, beamed ceiling, log burner and more.
The property is at present let to an Individual for a term of 6 years 11 months from 21st June 2024 at a current rent of £25,740 per annum and the lease contains full
repairing and insuring covenants. Rent review on 21.07.27 and 21.07.30 open market upward only. Tenant option to determine on 21.07.27 with min 3 months notice.
Deposit held of £4,500.