29 Lowther Street Carlisle Cumbria CA3 8EE

29 Lowther Street
Carlisle
Cumbria
CA3 8EE

Freehold Bank and Office Investment

Attractive Grade II listed building
Ground floor and basement let to Nationwide Building Society (in occupation for over 50 years)
Self contained offices on the upper floors
Prominent City Centre location 200 metres from Carlisle Railway Station
Future change of use potential of the upper floors (subject to consents)
Total floor area of 551.75 sq m (5,939 sq ft)
Nearby occupiers include Pizza Express, Nando's, Boots, Greggs, TG Jones, Caffe Nero and Go Outdoors
VAT free investment

Lot
16
Auction
16th July 2026
Rent
£42,000 per Annum Exclusive
Status
Available
Guide*
£325,000 - £350,000
Auction Venue
Live Streamed Auction

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Freehold Bank and Office Investment

Attractive Grade II listed building
Ground floor and basement let to Nationwide Building Society (in occupation for over 50 years)
Self contained offices on the upper floors
Prominent City Centre location 200 metres from Carlisle Railway Station
Future change of use potential of the upper floors (subject to consents)
Total floor area of 551.75 sq m (5,939 sq ft)
Nearby occupiers include Pizza Express, Nando's, Boots, Greggs, TG Jones, Caffe Nero and Go Outdoors
VAT free investment

Lot 16
Auction 16th July 2026
Rent £42,000 per Annum Exclusive
Status Available
Guide* £325,000 - £350,000
Sector
Bank, Office
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 12 miles north of Lake District National Park, 60 miles west of Newcastle upon Tyne
Road: A7, A69, A595, A689, M6 (Junction 43)
Rail: Carlisle Railway Station
Air: Newcastle International Airport

Situation

Carlisle is an historic university city and the commercial and administrative centre for Cumbria. The property is prominently situated on the northern side of Devonshire Street at its junction with Lowther Street in the heart of the city centre and some 200 metres from Carlisle Railway Station. Nearby occupiers include Pizza Express, Nando's, Boots, Greggs, TG Jones, Caffe Nero and Go Outdoors.

Tenure

Freehold.

Location

Miles: 12 miles north of Lake District National Park, 60 miles west of Newcastle upon Tyne
Road: A7, A69, A595, A689, M6 (Junction 43)
Rail: Carlisle Railway Station
Air: Newcastle International Airport

Situation

Tenure

Freehold.

Description

The property comprises an attractive Grade II listed building arranged as a ground floor retail unit with ancillary in the basement. The upper floors provide self-contained and separately accessed office accommodation which may lend itself to future change of use potential subject to obtaining the necessary consents.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not 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.
Ground Basement	Retail Ancillary	128.86 135.07	(1,387) (1,454)	NATIONWIDE BUILDING SOCIETY (1)	5 years from 28/02/2022	£30,000
First Second Third	Office Office Office/Ancillary	120.86 110.97 55.99	(1,300) (1,195) (603)	CUMBRIA GATEWAY LIMITED	5 years from 01/12/2023 (2)	£12,000
Total		551.75	(5,939)			£42,000

(1) For the year ended 31 March 2026, Nationwide Building Society reported an underlying profit before tax of £2,026,000,000 and a statutory profit before tax of £1,490,000,000. Nationwide is the world's largest building society, the UK's second largest mortgage provider and the UK's largest retail deposit taker, with 605 branches across the UK. Nationwide has extended its Branch Promise, committing to keep all current branches open until at least 2030 (Source: Nationwide Building Society Annual Report and Accounts 2026)
(2) The lease provides a tenant option to determine on 01/12/2026. The tenant of the lease of the first, second and third floor has purported to serve a break notice. No comment is made as to its validity.

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.