Whilst there is still undoubtedly a great deal of uncertainty across the markets following the recent formation of the UK's first peace time coalition government since 1931, there are some signs of increased activity within the commercial property market locally, particularly in Carlisle with a number of national trade counter operators coming back into the market.

Richard Percival of Carigiet Cowen has recently agreed terms with Euro Car Parts Ltd to take some 10,000 sq ft of space within 50% of the former Norbrook premises at Site 26 Kingstown Broadway. The remaining 50% is available as a whole or in 2 no. self contained units at a quoting rent of £4.50 psf.

Richard is also at an advanced stage of negotiations with another national operator interested in taking Unit 6/7 Grearshill Road, a prominent 10,000 sq ft unit.

Elsewhere on the Kingstown Estate, Richard provided valuation and property advice to John Ritchie Ltd to assist them in the purchase of the former STL HQ and warehousing facilities at Kingstown, comprising over 110,000 sq ft of high quality offices and warehouse space. Not only a major property transaction, this deal has also secured a large number of jobs for the area. Carigiet Cowen have subsequently been instructed to market the recently constructed detached high bay warehouse on Millbrook Road, which has a clear eaves height of 11.25m ( 36’ 11” ) and can accommodate over 4,765 pallets. Offered with the building as part of the sale is a high bay Dexion racking system and a wire guided Atlet Omni forklift. The quoting price is £1,000,000.

For further information on this property or to discuss any commercial property matter, Carigiet Cowen can be contacted on 01228 544733 or property details can be accessed via www.carigietcowen.co.uk.