12 miles north of the Lake District, 60 miles west of Newcastle upon Tyne
Roads
A6, M6, A69, A595
Rail
Carlisle Railway Station
Air
Newcastle International Airport
Situation
The property is situated within the St Nicholas Gate Retail Park, a busy and well established retail park prominently positioned on London Road (A6), some 750 metres from Carlisle City Centre. Other occupiers within the park include Iceland, Tradepoint, The Gym Group, Jollyes, Halfords and Burger King.
Tenure
Leasehold. (the interest being sold is held under a concurrent lease) A term commencing on and including 21/12/2017 and expiring on and including 10/05/2038 at a rent of £1.00 per annum.
Location
Miles
12 miles north of the Lake District, 60 miles west of Newcastle upon Tyne
Roads
A6, M6, A69, A595
Rail
Carlisle Railway Station
Air
Newcastle International Airport
Situation
The property is situated within the St Nicholas Gate Retail Park, a busy and well established retail park prominently positioned on London Road (A6), some 750 metres from Carlisle City Centre. Other occupiers within the park include Iceland, Tradepoint, The Gym Group, Jollyes, Halfords and Burger King.
Tenure
Leasehold. (the interest being sold is held under a concurrent lease) A term commencing on and including 21/12/2017 and expiring on and including 10/05/2038 at a rent of £1.00 per annum.
Description
The property comprises a substantial single store Asda Superstore of 3,326.59 sq. m. (35,807 sq. ft.).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial single store Asda Superstore of 3,326.59 sq. m. (35,807 sq. ft.).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx. sq. m.
Floor Areas Approx. (sq. ft.)
Tenant
Term
Rent p.a.x.
Stepped Rent Increases
Ground
Supermarket
3,326.59
(35,807)
ASDA STORES LIMITED (1)
25 years from 10/05/2013 until 09/05/2038
£771,722
Rising to £894,657 on 10/05/2028 Rising to £1,037,175 on 10/05/2033
Total
3,326.59
(35,807)
£771,722
(1) For the year ending 31/12/2024 Asda Stores Limited reported Revenue of £23,774,000,000, Operating Profit of (£571,000,000) (Annual report and financial statements as published at Companies House 16/04/2026).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
