Property description

An opportunity to acquire 22 & 24 Cumberland Street, which are currently converted as a fully let offices having B1 Use Class Order. The properties have also just been granted a change of use to residential C3 Use Class (App No: 14/4668M) and, thus, have huge potential for future development. The offices combined have a total of 2642sq.ft (245.5sq.m) and both properties have basements and loft areas. The office suites are let to a total of five individual tenants on twelve month fully inclusive leases and this arrangement, which provides a healthy yield, could be continued on an on-going basis. The properties are ideally located for both business and residential purposes, being within minutes walk of the town centre, the train station and, Jordangate multi-storey car park, is literally a good 'stones-throw' away. We are advised that the rental business provides a healthy profit after costs etc. To the rear of the properties there is a pleasant garden area. There are also front garden areas. The properties have gas central heating both benefit from kitchen and washroom facilities. A great opportunity to acquire a 'good-to-go' investment with an immediate rental income. Viewing by appointment.
Accommodation comprises:
* 22 CUMBERLAND STREET
* ENTRANCE VESTIBULE & HALLWAY
Tiled floor, ½ glazed door to hallway, ornate original features, radiator, spindled balustrade and access to basement.
* REAR HALLWAY
Access door to garden to side elevation, radiator.
* FRONT OFFICE
14'2" plus bay x 13'11" into recess (4.31m plus bay x 4.26m into recess)
Bay fronted sash window to front elevation, radiator and strip lighting.
* REAR SIDE OFFICE
13'10" x 12'1" into recess (4.23m x 3.70m into recess)
Sash window to rear elevation and radiator.
* REAR OFFICES
22'4"x 11'11" (6.82m x 3.64m) overall measurement
Two interconnecting offices, one with radiator and sash window to side elevation and other with window to the rear.
* FIRST FLOOR
Split level landing, Velux window.
* FRONT OFFICE
22'5"into recess x 14'3" (6.85m into recess x 4.34m)
Two sash windows to front elevation, radiator.
* FRONT SIDE OFFICE
16'9" into recess x 14'0" (5.12m into recess x 4.27m)
Sash window to rear elevation and radiators.
* REAR LANDING AREA
* LADIES WC
Window to side elevation, washbasin and wc.
* GENTS WC
Wash basin and wc.
* KITCHEN
8'9" x 8'5" (2.66m x 2.57m)
Sash window to side elevation, fitted kitchen units to base and eye level, stainless steel sink unit with radiator.
* REAR OFFICE
11'10" x 10'9" (3.62m x 3.27m)
Window to rear elevation and radiator.
* LOFT
Storage use with Velux window.
* BASEMENT
Tiled floor, lighting, central heating boiler and power points.
* OUTSIDE
Stone flagged patio, passage way leading to front, walled gravel area.
24 CUMBERLAND STREET
* COMMUNAL ENTRANCE HALL
Original tiled floor, ornate original features, access to all ground floor offices, radiator.
* FRONT RECEPTION OFFICE
13'9" into recess x 11'11" plus bay (4.20m into recess x 3.63m plus bay)
Sash bay window, radiator.
* REAR SIDE OFFICE
13'10" x 12'7" into recess (4.21m x 3.84m into recess)
Window to rear elevation, radiator and strip lighting.
* REAR HALLWAY
Access to side elevation and access to basement, radiator.
* KITCHEN
9'5" into recess x 8'3" (2.88m into recess x 2.51m)
Sash window to side elevation, window to rear, radiator, kitchen units to base and eye level.
* GENTS WC
WC and washbasin
* LADIES WC
WC with washbasin
* REAR STORAGE ROOM
With gas central heating boiler
* BASEMENT
Lighting, and power, radiator.
* FIRST FLOOR
* SPLIT LEVEL LANDING
* FRONT OFFICE
22'7" x 12'0" narrowing to 8'4" (6.88m x 3.66m narrowing to 2.53m)
Three sash windows to front elevation, cast iron fireplace and two radiators.
* FRONT SIDE OFFICE
16'9" into recess x 13'8" (5.12m into recess x 4.17m)
Window to rear elevation and radiator.
* REAR LANDING AREA
* SIDE REAR OFFICE
14'0" x 7'11" (4.27m x 2.41m)
Sash window to side elevation, radiator.
* REAR OFFICE
11'4" x 7'11" (3.46m x 2.41m)
Window to rear elevation and radiator.
* SECOND FLOOR LANDING
Velux window
* OFFICE
21'5" narrowing to 14'3" x 17'7" narrowing to 11'3" (6.53m narrowing to 4.34m x 5.36m narrowing to 3.43m)
Two Velux windows, radiator.
* OUTSIDE
Stone paved rear patio, outside water tap, steps to the rear and access via passage way to the front.
VAT
These properties are currently registered for VAT
The tenure for this property is yet to be confirmed.

Property Features :

• Two substantial and characterful Victorian terraced properties currently fully let out as offices s
• Planning permission just granted for residential use (C3)
• Accommodation and storage arranged over four floors in both properties
• Kitchen and washroom facilities in both properties
• Located within the town centre
• Would consider selling individually but there is a preference for a combined sale of both propertie