Access from both English Street and Lowther Street
Nearby occupiers include Nando’s, Pizza Express, Santander and B&M Bargains
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 70
Auction 13th October 2016
Rent £60,500 per Annum Exclusive
Status Sold
Price £435,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
12 miles north of the Lake District, 60 miles west of Newcastle upon Tyne
Roads
A7, A69, A595, A689, M6 (Junction 43)
Rail
Carlisle Rail
Air
Newcastle International Airport
Situation
Lowther Arcade is situated in the heart of Carlisle Centre with frontage onto Lowther Street. The property also benefits from access onto English Street, the town's principle retailing thoroughfare. Nearby occupiers include Nando's, Pizza Express, Santander and B&M Bargains.
Tenure
Freehold.
Location
Miles
12 miles north of the Lake District, 60 miles west of Newcastle upon Tyne
Roads
A7, A69, A595, A689, M6 (Junction 43)
Rail
Carlisle Rail
Air
Newcastle International Airport
Situation
Lowther Arcade is situated in the heart of Carlisle Centre with frontage onto Lowther Street. The property also benefits from access onto English Street, the town's principle retailing thoroughfare. Nearby occupiers include Nando's, Pizza Express, Santander and B&M Bargains.
Tenure
Freehold.
Description
The property, an attractive covered shopping arcade, comprises five retail units over ground and first floors, two of which benefit from frontage onto Lowther Street with access also off English Street.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, an attractive covered shopping arcade, comprises five retail units over ground and first floors, two of which benefit from frontage onto Lowther Street with access also off English Street.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
2-4
Ground and First
Bar/Retail
73.86 sq m
(795 sq ft)
RETRO BARS (CARLISLE) LIMITED t/a Molly’s Bar
6 years from 08/09/2015 (1)
£8,000
08/09/2018 (07/09/2021)
5-10
Ground and First
Bar/Retail
142.33 sq m
(1,532 sq ft)
NPC CAFE BAR LIMITED t/a Circle Café Bar
10 years from 13/05/2011
£24,000
13/05/2016 (12/05/2021)
14-16
Ground and First
Retail
97.36 sq m
(1,048 sq ft)
INDIVIDUAL t/a Glam Tan
5 years from 05/10/2012
£11,000
(04/10/2017)
15
Ground
Retail
44.59 sq m
(480 sq ft)
INDIVIDUAL t/a Boo Hair
5 years from 13/03/2012
£7,000
(12/03/2017)
17
Ground
Bar/Retail
44.59 sq m
(480 sq ft)
BOCATA CARLISLE LIMITED t/a Bocata Bar
6 years from 05/08/2016 (2)
£10,500
05/08/2019 (04/08/2022)
First
Office
204.39 sq m
(2,200 sq ft)
VACANT POSSESSION
Totals
607.12 sq m
(6,535 sq ft)
£60,500
(1) The lease provides an option to determine on 08/09/2018 (2) The lease is due to complete imminently
