55-59 English Street, Carlisle, Cumbria CA3 8JU

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Property Details

Location

Description

A substantial freehold City Centre retail premises arranged over three floors and extending to approximately 806 Sq M (8,676 Sq Ft) in total. Part of the property (59 English Street) is let on a 10 year lease, without breaks, from April 2020 at a rent of £40,000 per annum. The remainder of the property (55-57 English Street) is vacant, having been extensively refurbished during 2020. The upper floors presents an opportunity for alternative uses, such as residential conversion, subject to obtaining the necessary consents.

Location

The property is located on the eastern side of English Street, between Bank Street and Devonshire Street, the prime shopping street for Carlisle which is fully pedestrianised. Surrounding occupiers are predominantly made up of national retailers including Marks & Spencer, Primark, Top Shop, Joules, Boots and a number of banks. Carlisle Station is within 300 metres.

Accommodation

Description	Sq M	Sq Ft
55-57 English Street Ground Floor First Floor Second Floor	184 210 229 623	1,981 2,260 2,465 6,706
59 English Street* Ground Floor	183	1,970
	806	8,676

*Floor areas taken from VOA website.

Approx Site Area

Approximately 0.05 Hectares (0.12 Acres).

Tenure

Unknown

Planning

Interested parties should consult direct with the Local Planning Authority: Carlisle City Council, Civic Centre, Carlisle, CA3 8QG. Telephone: 01228 817 200.

Tenancy

55-57 English Street - Vacant.

59 English Street is let to Compu B Ltd, trading as Stormfront, by way of a 10 year lease, without breaks, from 1 April 2020 at a rent of £40,000 per annum. The lease is subject to a rent review at the fifth anniversary. Rent is not due to commence being paid until 1 September 2021 but the seller will top-up the rent from completion until this date.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD MARCH AND CLOSES ON WEDNESDAY 24TH MARCH.

3. The property has two Business Rates assessments in the 2017 Rating List, as follows:

55-57 English Street, Carlisle, CA3 8JU
"Shop & Premises" - RV £72,500

59 English Street, Carlisle, CA3 8JU
"Shop & Premises" - RV £53,500

4. Energy Performance Certificates:

55-57 English Street = B
59 English Street = C