The subject property is situated on the Peascod Lane intersect within the Lanes Shopping Centre, benefiting from a strong retail position among established occupiers including Pandora, Katie Loxton and the Fragrance Shop.

The unit comprises a rectangular kiosk, offering multi sales positions, dedicated seating area and separate storage room.

The kiosk currently operates as a grab and go bubble tea and snack operation but could easily be converted to alternative retail uses given the prime trading position benefitting from footfall from four directions and being located immediately next to the integral stairwell and lifts to the public WCs and car park.


Location

Carlisle is the predominant population and commercial centre for Cumbria and a large part of southwest Scotland, with a resident population of over 108,000 drawing on a wider catchment of over 380,000. The city is the principal administrative and retail centre for the area. 

Peascod Lane forms part of The Lanes Shopping Centre, a major retail destination extending to approximately 500,000 Sq Ft. The centre occupies a prime position within Carlisle's main city centre and accommodates over 70 retail units, providing a strong mix of national high street brands such as Primark, Next and River Island, alongside specialist retailers and café operators, all contained under one roof.

The Lanes Shopping Centre benefits from an integrated multi-storey car park providing 600 spaces, whilst also attracting an annual footfall in excess of 11.5m visitors.


Accommodation

This property has been measured and extends to the following approximate areas:

Terms

Business For Sale - Offers in the region of £55,000.

Lease Terms - Available by way of an assignment or underletting at a passing rent of £15,000 per annum exclusive on a lease expiring 5th April 2028. in addition, a service charge is payable at a current rate of £330 per quarter.

Services

The property is connected to mains water, drainage and electricity.


Business Rates

The Valuation Office Agency website describes the property as shop and premises with a 2023 List Rateable Value of £14,500. 

The National Non-Domestic Rate for the current 2025/2026 rate year is 55.5p in the £.


Planning

We understand the property holds planning permission under Use Class E.


EPC

The property benefits from an EPC showing an Energy Performance Asset Rating of
E-116.


VAT

We understand VAT is payable on the rent and service charge amounts payable.