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3 bed terraced house
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Our Summary
- Substantial Residential Investment Opportunity in Carlisle
- The property comprises a single, substantial building arranged as twelve self-contained apartments, offering a unique blend of existing income and future development potential
- The remaining units offer clear scope for refurbishment and modernisation, allowing a purchaser to implement a structured programme to enhance both rental income and overall asset value
- There is also potential for the resale of individual units, subject to the necessary consents and title structuring
- The extensive landholding offers scope for enhancement, reconfiguration or potential further development, subject to the relevant planning permissions
- The property is offered for sale as seen, presenting a straightforward acquisition for buyers looking to take advantage of its full potential
- Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period
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Description
The property, Millhouse, is situated on approximately 4.5 acres of prime land on Old Brampton Road, a highly sought-after address on the outskirts of Carlisle. The property features a single, substantial building arranged as twelve self-contained apartments, with six or more units fully functioning and ready for rental income. The apartments range in size and condition, with some needing refurbishment and modernization.
The property benefits from excellent access to Carlisle city centre, strong transport links, and a range of local amenities and surrounding countryside. The grounds are extensive and offer potential for enhancement, reconfiguration, or further development, subject to planning permissions.