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58-60 and 62-64 English Street, Carlisle, Cumbria CA3 8HS £295,000

58-60 and 62-64 English Street, Carlisle, Cumbria CA3 8HS£295,000


Overview

We are pleased to offer this Freehold Shop investment opportunity briefly comprising two shop units plus a large basement, providing 1,200 sq m (12,914 sq ft).

Submit your highest offer to adrian@cumbrian-properties.co.uk before 10am on Tuesday 15th December 2020.

We are pleased to offer this Freehold Shop investment opportunity briefly comprising two shop units plus a large basement, providing 1,200 sq m (12,914 sq ft). One shop unit is let on a new 5 year lease to Esquire Retail Ltd (t/a Clinton Cards). The property is situated in a prominent position on a pedestrianised street within the city centre, adjacent to Marks and Spencers and opposite Boots and Barclays bank.

The property may lend itself to a variety of alternative uses and redevelopment (subject to the relevant planning permission and necessary consents). All enquiries should be made to Cumbria County Council (www.cumbria.gov.uk)

Submit your highest offer to adrian@cumbrian-properties.co.uk before 10am on Tuesday 15th December 2020.

Carlisle is a well-established commercial and retail centre located close to the Scottish borders and serves a wide area of North Cumbria. The city centre supports a busy shopping and commercial area boasting a good representation of national retailers including Marks and Spencer, Primark and Debenhams. Occupiers close to the property include Marks and Spencer, Shoe Zone, Boots, WHSmith, White Stuff, Joules and a number of other national and local traders. Main banks, including Barclays, HSBC, NatWest and a number of Building Societies are all close by. Carlisle Rail and Bus stations are both within walking distance of the property and there is easy access to the M6 motorway at junctions 42, 43 and 44.

The property with approximate measurements briefly comprises:

62-64 English Street
Current Lessee – Esquire Retail Ltd (t/a Clinton Cards)
Ground Floor – 267.38 sq m (2,878 sq ft)
First Floor – 383.97 sq m (4,133 sq ft)
Lease – 5 years from 25/04/2020. Annual Tenant break options on 31st January with 3 months’ notice. (Note - Esquire Retail Ltd have not given notice so they will not be vacating on 31st January 2021).
Current Rent - £50,000 per annum. (There will be a 6 month rent free period with effect from the lifting of the government restriction to trade (rent payable from 15/12/2020). Reversion 2025



62-64 English Street - Basement
Basement Store – 312.43 sq m (3,363 sq ft) – Gross internal area
(Note – WHSmith are still in occupation until 28th March 2021)
Current Rent - £10,000 per annum.



58-60 English Street
VACANT
Ground Floor – 187.11 sq m (2,014 sq ft)
First Floor – 48.87 sq m (526 sq ft)



Notes
TENURE We are informed the tenure is Freehold.

VIEWING Cumbrian Properties ELA Ltd, 2 Lonsdale Street, Carlisle. Tel 01228 599940
Key information:

0 Bedrooms, 0 Bathrooms, 0 Receptions

View EPC Certificate



Area Map

Contact Sales Team
(Carlisle Branch)

01228 599 940

carlisle@cumbrian-properties.co.uk