4 Market Street, Carlisle, Cumbria CA3 8QJ
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Wednesday 5 November
- Retail investment
- Comprises ground floor retail shop t/a convenience store
- VAT is NOT applicable to this property
- Let until 2031
- Occupiers nearby include The Market Hall Shopping Centre, TK Maxx, Barbers and more
- Investment let at £8,000 per annum (11.4% GIY on guide price).
Description
StrapLine
Auction Sale - 05/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteA mid terrace retail investment opportunity. Comprising a retail store at ground floor trading as a convenience store. Investment fully let at £8,000 per annum (11.4% GIY on guide price).
Located in Carlisle, Cumbria
Description
Comprises ground floor retail shop trading as a convenience store, providing the following accommodation and dimensions:
Ground Floor: 77.88 sq m (838 sq ft)Open plan retail, Storage, Kitchenette, WC
Location
Carlisle is a border city and the county town of Cumbria. The town is located 8 miles south of the Scottish border at the confluence of the rivers Eden, Caldew and Petteril. Carlisle is the only city in Cumbria. The city centre is largely pedestrianised and the Lanes shopping centre is home to around 75 shops. Carlisle is linked to the rest of England via the M6 motorway to the south, and to Scotland via the M74/A74 towards Glasgow and the north. The property is located in the town centre with occupiers nearby include The Market Hall Shopping Centre, TK Maxx, Restaurants, Barbers and more
Tenancy
The property is let to an Individual for a term of 6 years from 13th January 2025 at current rent of £8,000 p.a. and the lease contains full repairing and insuring covenants. Review rent on 3rd anniversary linked to RPI. Tenant has right to determine lease on 13th January 2028 with 6 months' notice. Rent deposit is held of £2,000
Accommodation
Ground Floor: 77.88 sq m (838 sq ft) Open plan retail, Storage, Kitchenette, toilet
4 Market Street, Carlisle, Cumbria CA3 8QJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Carlisle Station0.4 miles
- Dalston Station4.0 miles
- Wetheral Station4.3 miles
Notes
Disclaimer - Property reference 196-19354. 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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