29 Lowther Street, Carlisle, Cumbria CA3 8EE

An attractive high street investment opportunity comprising a prominently situated Grade II listed Georgian building located in Carlisle City Centre. The property is currently let to two tenants, Nationwide Building Society on the basement and ground floor who have been in situ for over 50 years and Cumbria Gateway on the upper floors. The total combined passing rent equates to £42,000p/a. Internally, the accommodation extends to a NIA of approximately 551 Sq M (5,939 Sq Ft) with separate entrances for the ground and upper floors.

The property fronts onto the corner of Lowther Street and Devonshire Street. The immediate surrounding area forms part of a major regeneration project which will see a £27million pound investment to the train station and wider area along with a new Citadel campus for Cumbria University, both of which are a stones throw from the subject property.

Auction Details

The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.