76 Warwick Road, Carlisle, CA1 1DU
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- High Yielding Retail/Pharmacy Investment
- Let to Lloyds Pharmacy
- Lease Expires 22/09/2026
- Producing £24,356.49 per annum
- 2,269 sq ft (210.84 sq m)
- Asset Management Potential
- Medium Term Development/Conversion Potential (stp)
- Guide Price Reflects 15.22% Gross Yield
- No VAT
Description
StrapLine
Auction Sale - 28/02/2024High Yielding Retail/Pharmacy Investment
Let to Lloyds Pharmacy producing £24,356.49 per annum
Medium Term Conversion/Development Potential (subject to obtaining the requisite consents)
Description
The property comprises a high yielding retail/pharmacy investment let to the established and well regarded covenant of Lloyds Pharmacy.
Arranged across ground, first and second floors the property is let in its entirety to Lloyds Pharmacy on a lease expiring 22/09/2026 and paying a rent of £24,356.49 per annum.
Situated on an established mixed use road at the edge of the town centre, the property is perfectly positioned for its current use, being able to cater for shoppers and local residents.
Planning
Whilst there are no extant planning consents, the property is situated in a mixed use area with several terraced houses and apartment conversions nearby. We consider the property could be suitable for conversion to alternative uses, including the aforementioned residential uses, subject to obtaining the requisite consents.
76 Warwick Road, Carlisle, CA1 1DU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Carlisle Station0.3 miles
- Wetheral Station3.9 miles
- Dalston Station4.1 miles
About the agent
Savills Auctions, London
33 Margaret Street London W1G 0JD
Savills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.
Notes
Disclaimer - Property reference 146-9832. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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