Summary

• Investment Opportunity
  
• Excellent location
  
• Abundance of period features throughout
  
• Currently let at £30,000 per annum
  
• FRI lease for 5 years from February 2024
  
• Asking price for the freehold investment £330,000

Location

Carlisle is the principal city in Cumbria and acts as the county’s administrative and retail centre. It serves as a regional hub with a catchment extending into Southern Scotland and the Lake District. The city benefits from good transport links, with access to the M6 motorway at Junctions 42–44, the West Coast Mainline railway, and proximity to the Carlisle Lake District Airport.

Lowther Street is one of Carlisle’s prime retail and commercial locations, forming part of the city centre’s main spine of retail and leisure properties. It links Victoria Viaduct to the south with the pedestrianised core of the city, including English Street and Scotch Street, to the north. The immediate vicinity is characterised by a mix of national and independent retailers, food and beverage operators, and professional services occupiers. Notable nearby occupiers include betting shops, charity retailers, estate agents, and food outlets. The area has historically benefitted from strong footfall, although there has been some repositioning of uses in recent years due to the evolving retail environment.

Description

A rare opportunity to acquire a prominent and substantial Grade II period office building located in the heart of Carlisle, currently occupied by a well established firm of solicitors.

This attractive stone-built property extends over five floors and boasts a wealth of original period features, including an exceptionally impressive stone staircase.

The ground floor benefits from a welcoming reception area accessed directly from Lowther Street, leading through to a range of consulting rooms and administrative office spaces. Each floor is thoughtfully laid out to maximise use of space, and the entire building is currently being fully utilised by the existing tenant.

This well-maintained property offers an excellent opportunity for investors seeking a secure and established commercial tenant in a prime city centre location.

LEASE DETAILS:       The property is currently let for a period of 5 years from February 2024 at a rental figure of £30,000. Details of the lease are available on request.

SALE TERMS:                Our client is seeking offers in the region of £330,000 for the freehold investment.