MULTI-LET OFFICE & WORKSHOP INVESTMENT THE OLD BREWERY CRAW HALL BRAMPTON CUMBRIA CA8 1TR

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Dennis McCormick
5 years ago
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1 MULTI-LET OFFICE & WORKSHOP INVESTMENT THE OLD BREWERY CRAW HALL BRAMPTON CUMBRIA CA8 1TR

INVESTMENT HIGHLIGHTS Located in the market town of Brampton 9 miles east of

space Self-contained three bedroom house with frontage onto Craw Hall Road

sq ft Opportunity for future residential conversion subject to planning

Thousand Pounds) which reflects a net initial yield of 9.

2 INVESTMENT HIGHLIGHTS Located in the market town of Brampton 9 miles east of Carlisle Attractive converted brewery providing multi-let office and workshop space Self-contained three bedroom house with frontage onto Craw Hall Road Property totals 15,328 sqft with range of units sizes from 296 sq ft to 2,517 sq ft Opportunity for future residential conversion subject to planning BRAMPTON TOWN CENTRE Offers invited in excess of 500,000 (Five Hundred Thousand Pounds) which reflects a net initial yield of 9.10% after purchaser s costs of 5.8%, reflecting a capital value of just per sq ft including the residential dwelling.

LOCATION Brampton is an attractive market town within the City of Carlisle and is

4 km (9 miles) east of Carlisle and 80km (50 miles) west of Newcastle upon Tyne.

Carlisle is a principle train station on the West Coast mainline with direct rail

3 LOCATION Brampton is an attractive market town within the City of Carlisle and is located 14.4 km (9 miles) east of Carlisle and 80km (50 miles) west of Newcastle upon Tyne. Brampton is situated on the A69, providing access to the M6 and A74(M) 11.2 km (7 miles) to the east. The A69 is the main arterial route linking Newcastle and Carlisle. Carlisle is a principle train station on the West Coast mainline with direct rail links to Newcastle upon Tyne (1 hour 20 minutes), Preston (1 hour 5 minutes) and Glasgow (1 hour 13 minutes), in addition to a direct mainline rail service to London Euston with a fastest journey time of approximately 3 hours.

SITUATION The Old Brewery is located 0.3 km (0.2 miles) south of Brampton Town Centre on Craw Hall Road.

two and three storey buildings arranged in a horse shoe with a central courtyard.

4 SITUATION The Old Brewery is located 0.3 km (0.2 miles) south of Brampton Town Centre on Craw Hall Road. Nearby commercial occupiers include County Collections, WCF and James Meade along with the usual Town Centre amenities a short walk away. The immediate surrounding area is predominantly made up of residential property a high proportion of which are large detached dwellings. DESCRIPTION The property comprises an attractive converted stone clad brewery offering 13 workshop units housed within a mix of two and three storey buildings arranged in a horse shoe with a central courtyard. The units facing onto Craw Hall Road have a quasi-retail frontage. The property is built of traditional stone/masonry construction under a pitched slate covered roof with a profile clad roof to Unit 13. There is a shared courtyard area offering vehicle and pedestrian access to the units. The property offers the potential for future residential redevelopment, subject to planning. The courtyard arrangement would lend itself to a townhouse scheme or holiday cottages. There are currently significant areas of the property which are not used and could be included as part of such a redevelopment. The property also comprises a three bedroom house with frontage onto Craw Hall Road.

5 TENANCY Unit Tenant Sq ft Sq m Lease Start Lease Exp Rent Rent psf Unit 1 Unit 2 Border Developments (Cumbria) Limited Brampton Rural Housing Society The site extends to 0.25 ha (0.63 acres) providing a site cover of just 56%. Maintenance Rent July June , September September , Comments Break 30 June 2015 & 2016 Break and Rent Review 28 September 2015 & 2020 Unit 3 Stephen Manders December December , E 116 Unit 4 Ian Robinson May May , , F 149 Unit 5 Mara Eagle & Drew Lansborough 1, August July , , Rolling break from 01 August 2014 Unit 6 Andrew Naisbitt August July , C 69 Unit 7 Mara Eagle & Drew Lansborough 1, February February , , Rolling break from 28 February 2013 Unit 8 William Robert Foster 1, March February , , E 101 Unit 9 James Heatherington 1, May May , E 115 Unit 10 Barbara Vaughan July July , E 114 Unit 11 Junior Randall Dawkins 2, March March , , Annual breaks from 07 March 2015 D 79 Unit 12 Mr T Noble March February Break 01 March 2015 N/A Unit 13 Royal Mail Group Plc 2, June June , D 85 Unit 14 Residential Property Rent Guarantee 1 year from completion 5, pcm 3 bedroom house E 50 15,328 48,150 10, EPC G 183 D 96 D 80 G 182 CONTACT Simon Harland e: simon@mhpi.co.uk James Metcalf e: james@mhpi.co.uk t: MHPI Limited 1st Floor West Wing City Quadrant Waterloo Square Newcastle upon Tyne NE1 4DP Misrepresentation Act: These particulars shall not form part of any offer or contract and no guarantee is given as to the condition of the property or the accuracy of its description. An intending purchaser or tenant is not to rely on any representation made in these particulars and must satisfy himself as to their accuracy by his own investigation before entering into any contract. November MAINTENANCE RENT TENURE PROPOSAL Maintenance Rent 10, Estate running costs inc management fee 10,750 Surplus (Deficit) ( ) Freehold. VAT We understand that the property is elected for VAT and it is envisaged that the sale will be dealt with under the TOGC regulations. Offers invited in excess of 500,000 (Five Hundred Thousand Pounds) which reflects a net initial yield of 9.10% after purchaser s costs of 5.8%, reflecting a capital value of just per sq ft including the residential dwelling. Designed & produced by white button

MULTI-LET OFFICE AND INDUSTRIAL INVESTMENT LILLYHALL BUSINESS CENTRE JUBILEE ROAD WORKINGTON CUMBRIA CA14 4HA

MULTI-LET OFFICE AND INDUSTRIAL INVESTMENT LILLYHALL BUSINESS CENTRE JUBILEE ROAD WORKINGTON CUMBRIA CA14 4HA INVESTMENT HIGHLIGHTS Excellent location on Britain s Energy Coast Situated in the established