Investment - 19 21 & 23 Bank Street
CARLISLE, Cumbria CA3 8HJ
For Sale 1,966 Sq Ft Sale: Offers in the region of £285,000
- PROMINENT CITY CENTRE LOCATION
-
GROUND FLOOR & BASEMENT - LET TO DAMO'S REPAIRS & TECH LTD - 5 YEAR LEASE
LEASE EXPIRY 20 MAY 2031 -
FIRST & SECOND FLOORS - LET TO CRAFT HAIR & BEAUTY - 6 YEAR LEASE
LEASE EXPIRY 12 MAY 2032 - RARE INVESTMENT OPPORTUNITY AT PRESENT FOR CARLISLE CITY CENTRE
PASSING RENTAL INCOME £24,500 PER ANNUM FOR YEARS 1,2 & 3, RISING TO £26,000 PER ANNUM FOR YEARS 4 AND 5
The building is a three-storey mid-terraced building of traditional brick construction under a pitched roof. The ground floor is let to a local retailer and is a self-contained unit with stepped access from the front. Upon entry, the ground floor is a rectangular open-plan sales area with stairs leading to the large basement. The basement comprises a kitchen and WC.
Access to the first and second floors is via a staircase to the side of the shop unit. This is totally self-contained and let to a long-established salon operator.
Upon entry, stairs lead to the first floor, which comprises an open-plan salon area with a kitchen. A further staircase provides access to the second floor, which offers additional salon and storage rooms.
Carlisle is the chief administrative and commercial centre of Cumbria, with a resident population of circa 100,000 and a catchment in excess of 150,000. The city is the principal retail centre for the area, with Newcastle 60 miles east, Glasgow 90 miles north, and Preston 80 miles south. Carlisle is positioned on the West Coast Mainline, and trains run regularly between Glasgow and Edinburgh down to London Euston daily.
The property is located on Bank Street, just off English Street, the prime shopping street for Carlisle, which is fully pedestrianised. Bank Street has mainly local representation; occupiers include John Watt and Son, Café Bar Royale, and Boyd Hair & Beauty. Alongside benefitting from English Street, national occupiers include Marks & Spencer, Primark, Loungers, Costa, Hotel Chocolat, Søstrene Grene, Caffé Nero and Tesco Express.
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground Floor - Damo's Net Internal Area | 529 | 49.14 |
| Basement Stores | 442 | 41.06 |
| First Floor - Craft Hair | 487 | 45.24 |
| Second Floor - Craft Hair | 508 | 47.19 |
| Total | 1,966.00 | 182.63 |
The property is connected to mains water, drainage, and electricity. Each part is on its own meter supply.
Offers in the region of £285,000 are invited for the sale of the freehold investment.