Land in Crosby-on-Eden available for sale
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Land Plots for Sale near Crosby-on-Eden, Carlisle

Land Plots for Sale Within 10 miles of the Crosby-on-Eden, Carlisle

More details for 31 Annan Road – Retail for Sale, Gretna

31 Annan Road

  • Mixed Types for Sale
  • £255,000
  • 2 Properties | Mixed Types

Gretna Portfolio of properties for Sale

The property comprises a ground floor commercial unit and forms part of a neighborhood parade anchored by a Co-op Foodstore which sits prominently fronting Annan Road. The main access is from the front elevation via a double-glazed shop front and entrance door, with a secondary access to the rear. The unit benefits from shared car parking to the front and a yard/bin store area to the gable and rear elevations. Internally, the property has been fully fitted as an Indian restaurant and provides a restaurant/bar area to the front with kitchen and toilet facilities to the rear, completed to a good quality & modern standard. The investment also benefits from an adjoining plot where planning permission has been secured to develop a further unit of 1,000 sq. ft. A copy of the planning permission is available upon request. Ground Floor Retail: 1,108 Sq. ft. (102.91 Sq. m) Adjoining Land: 1,000 Sq. ft. (92.9 Sq. m) TENURE The property is offered for sale on a freehold basis, subject to the existing occupational lease. LEASING DETAILS The premises is let on a full repairing and insuring lease for a term of 15 years from 11th December 2023, expiring 10 December 2038. The lease contains a stepped rent structure with the passing rent of £16,000 per annum for years one to three, rising to £18,000 per annum for years four and five. The lease is subject to five-yearly rent reviews geared to open market rental value thereafter. The lease includes tenant-only break options on the 5th and 10th anniversaries being 11th December 2028 and 11th December 2033 respectively. There are no Landlord break clauses. The Vendor is seeking offers for their freehold interest subject to and with the benefit of the lease in place in the sum of: Retail: £205,000 (Two Hundred and Five Thousand Pounds) Adjoining Land: £50,000 (Fifty Thousand Pounds) A purchase at this level reflects a net initial yield of 7.5% after allowing for purchaser’s costs, based on the current passing rent of £16,000 per annum. The rent increases to £18,000 per annum from year four (December 2026), which equates to a net yield of 8.22% from that point onwards, providing a built-in income growth without reliance on market rental increases.

Contact:

Hitchcock Wright & Partners

Property Subtype:

Mixed Types

Date on Market:

10/03/2026

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FAQs about Commercial Development Land For Sale in Crosby-on-Eden

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How many Land Plot listings are available for sale in Crosby-on-Eden?
There are currently 0 Land Plots available for sale near Crosby-on-Eden.
What factors could affect the prices of Land Plots in Crosby-on-Eden?
Several factors can impact the price of Land Plots, including the size and location of the property, planning status, access to utilities, local demand, and future development potential.
What other types of commercial property are available for sale in Crosby-on-Eden?
There is a diverse range of commercial properties available in Crosby-on-Eden to suit various business needs. Crosby-on-Eden offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries.
Do I need planning permission before buying commercial land?
Not necessarily, but land with outline or full planning permission is generally more valuable and easier to develop. If buying without permission (often called 'strategic land'), you’ll need to apply through the local planning authority before development can proceed.
What is the difference between brownfield and greenfield land?
Brownfield land refers to previously developed land (e.g. former industrial or commercial sites), often with existing infrastructure. Greenfield land is undeveloped and typically located in rural or suburban areas. Brownfield sites may require more remediation but are often easier to gain planning consent for.
What due diligence should I carry out before purchasing development land?
Check the planning history, local development plan, title and legal ownership, contamination or environmental risks, access rights, and any restrictive covenants. Engage planning consultants and solicitors early in the process.
Is access to services important when buying development land?
Yes. Availability of electricity, water, sewage, and road access significantly impacts development viability and cost. Fully serviced plots are more desirable and typically fetch a premium.
What types of developments can commercial land be used for?
Depending on planning permission, commercial land can be developed into retail parks, industrial estates, logistics hubs, office parks, mixed-use schemes, or leisure facilities. The site’s location and zoning will influence its most suitable use.
What taxes and costs apply when buying commercial land in the UK?
Buyers may be liable for Stamp Duty Land Tax (SDLT), VAT (if applicable), legal and surveying fees, and planning application costs. SDLT on non-residential land starts at 2% above £150,000 and rises to 5% over £250,000.

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