Successful freehold sale of a prominent mixed-use investment in Carlisle city centre.
Sidney Phillips is pleased to announce the sale of the freehold of Old Wool House Apartments in Carlisle, which was marketed at an asking price of £595,000. The transaction involved an established city-centre accommodation business together with a tenanted ground-floor commercial unit.
The substantial three-storey corner property comprises four luxury, fully furnished one-bedroom serviced apartments, each finished to a high standard, alongside a ground-floor office occupied by a long-established estate agency. The building was converted and comprehensively refurbished in 2018, with works including new electrics, double glazing, upgraded insulation and soundproofing.
At the time of marketing, the apartment business held an “Exceptional” rating on Booking.com and Superhost status on Airbnb. The operation offered scope for growth, as the apartments were being traded for only eight months of the year.
Occupying a convenient position close to Carlisle city centre, the property is within walking distance of Carlisle Castle, the Cathedral and Tullie House Museum. Its proximity to Carlisle Crown Court helped attract professional guests, while the city's road and rail connections supported both business and leisure demand.
The sale demonstrates continued demand for well-presented, income-producing freehold opportunities combining established trading performance with diversified revenue streams. Sidney Phillips acted in the sale off an asking price of £595,000.
For impartial advice on marketing your pub, restaurant, hotel or business for sale or to let, please contact Sidney Phillips on 01512 204879 or email sales@sidneyphillips.co.uk. You can also browse other pubs, restaurants and hotels for sale and to let by clicking here.
Dean McVay