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
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.
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
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.
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.
