110 - 114 English Street Carlisle Cumbria CA3 8HZ

  • 110 - 114 English Street<br>Carlisle<br>Cumbria<br>CA3 8HZ

110 - 114 English Street
Carlisle
Cumbria
CA3 8HZ

City Centre Retail Investment

  • Two retail units located on prime retailing thoroughfare
  • 112/114 let to Bonmarche Limited
  • Nearby occupiers include B&M Bargains, British Heart Foundation, Santander and Edinburgh Wooden Mill
  • Rent: £41,725 p.a.x. (gross) £41,500 p.a.x. (net)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    123
  • Auction
    13th October 2016
  • Rent
    £41,725 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of a Major Fund Manager
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City Centre Retail Investment

  • Two retail units located on prime retailing thoroughfare
  • 112/114 let to Bonmarche Limited
  • Nearby occupiers include B&M Bargains, British Heart Foundation, Santander and Edinburgh Wooden Mill
  • Rent: £41,725 p.a.x. (gross) £41,500 p.a.x. (net)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 123
  • Auction 13th October 2016
  • Rent £41,725 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of a Major Fund Manager

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

Carlisle is an historic University City and the commercial and administrative centre for Cumbria, located 12 miles north of the Lake District. The property is situated on the west side of English Street, just south of the pedestrianised area. Nearby occupiers include B&M Bargains, British Heart Foundation, Santander and The Edinburgh Wooden Mill.

Tenure

Long Leasehold. Held from the council of the City of Carlisle on three leasehold titles for a term of 99 years from 01/08/1932 until 31/07/2031 at a rent of £75 per annum.

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

Carlisle is an historic University City and the commercial and administrative centre for Cumbria, located 12 miles north of the Lake District. The property is situated on the west side of English Street, just south of the pedestrianised area. Nearby occupiers include B&M Bargains, British Heart Foundation, Santander and The Edinburgh Wooden Mill.

Tenure

Long Leasehold. Held from the council of the City of Carlisle on three leasehold titles for a term of 99 years from 01/08/1932 until 31/07/2031 at a rent of £75 per annum.

Description

The property comprises two ground floor retail units with ancillary accommodation on first and second floors.

VAT

VAT is 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 comprises two ground floor retail units with ancillary accommodation on first and second floors.

VAT

VAT is 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 (gross) Review/(Reversion)
110 Ground
First
Second		 Retail (1)
Ancillary
Ancillary		 159.00 sq m
71.00 sq m
101.80 sq m		 (1,711 sq ft)
(764 sq ft)
(1,096 sq ft)		 VACANT POSSESSION - - -
112/114 Ground
First		 Retail
Ancillary		 210.67 sq m
83.00 sq m		 (2,267 sq ft)
(893 sq ft)		 BONMARCHE LIMITED (2) Approximately 13 years
from 25/08/2005		 £41,725 (07/03/2018)
Totals     625.47 sq m (6,731 sq ft)     £41,725  

(1) In 2014 planning permission was granted for change of use to A1 (retail), A2 (financial or professional) or A3 (restaurants).
(2) For the year ending March 2016, Bonmarche Limited reported a turnover of £178,575,000, pre-tax profits of £12,626,0000 and a total net worth of £22,528,000. (Source: Experian Group 14/09/2016). The Bonmarché business operates out of 300+ stores across the UK (Source: bonmarcheplc.com 19/09/2016)

Contacts

Seller's Solicitors
Hamlins LLP Roxburghe House, 273-287 Regents Street
London
W1B 2AD
Joseph Holder 0207 355 6112jholder@hamlins.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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