INVESTMENT PORTFOLIO, Lowther Street & Lonsdale Street, Carlisle – UNDER OFFER
36 - 40 Lowther Street, Carlisle, CA3 8DH & 1A – 5 Lonsdale Street, Carlisle, CA1 1BJ
EDGE OF CITY CENTRE INVESTMENT OPPORTUNITY COMPRISING ATTRACTIVE PROPERTIES WITH PRIME FRONTAGE TO ONE WAY SYSTEM FACING LOWTHER STREET ANDTO LONSDALE STREET
- RETAIL AND COMMERCIAL PORTFOLIO WITH LARGE SECURE GATED CAR PARK WITH STORAGE FACILITY.
- POTENTIAL TO SIGNIFICANTLY INCREASE INCOME
- POSSIBLE RE-DEVELOPMENT OPPORTUNITY FOR LOWTHER STREET PROPERTIES, SUBJECT TO PLANNING
- A SALE OF PART MAY BE CONSIDERED I.E. LONSDALE STREET OR LOWTHER STREET IN ISOLATION
Location
The properties are located fronting Lowther Street, part of the main one way system around Carlisle City Centre. The remaining properties front Lonsdale Street, close to Carlisle bus station. All properties have good access to public transport with bus stops and Carlisle train station nearby.
Floor Plans & EPC
DESCRIPTION
This traditional portfolio comprises 2 separate blocks of very attractive 3-storey and 4-storey stone and slate terraced properties, all currently in commercial use, with large privately-accessed car parking and store to the rear.
The properties fronting Lowther Street are Grade II listed.
The portfolio is capable of being split and sold independently in 2 separate elements, each part comprising a block of commercial/retail property with supporting car parking.
LOCATION
The properties are located fronting Lowther Street, part of the main one way system around Carlisle City Centre. The remaining properties front Lonsdale Street, close to Carlisle bus station. All properties have good access to public transport with bus stops and Carlisle train station nearby.
ACCOMMODATION
| 36 Lowther Street | 1,447 sq ft | 134 sq m |
| 36 Lowther Street (Basement) | 463 sq ft | 43 sq m |
| 38 Lowther Street | 900 sq ft | 84 sq m |
| 40 Lowther Street (Ground Floor) | 582 sq ft | 54 sq m |
| 38-40 Lowther Street (Upper Floors) | 1,941 sq ft | 180 sq m |
| 1A Lonsdale Street | 2,577 sq ft | 239 sq m |
| 3 Lonsdale Street | 1,169 sq ft | 109 sq m |
| 5 Lonsdale Street (Ground & Basement) |
1,027 sq ft | 95 sq m |
| 5 Lonsdale Street (First & Second Floor) |
1,272 sq ft | 118 sq m |
| Car Park (Approx. size excluding access ramp) |
3,036 sq ft | 282 sq m |
SERVICES
Lowther Street – Mains electricity, water and drainage are connected to the properties.
38 & 40 Lowther Street also benefit from mains gas.
3-5 Lonsdale Street – Mains electricity, gas, water and drainage are connected to the properties.
1A Lonsdale Street – mains electricity is connected to the property.
RATEABLE VALUE
| 36 Lowther Street | Café & Premises | £ 8,100 |
| 36 Lowther Street (Basement) | Hairdressing Salon & Premises | £ 3,400 |
| 38 Lowther Street | Restaurant & Premises | £ 7,400 |
| 40 Lowther Street (Ground Floor) | Shop & Premises | £ 9,800 |
| 38-40 Lowther Street (Upper Floors) | Offices & Premises | £10,500 |
| 1A Lonsdale Street | Store & Premises | £ 5,500 |
| 3 Lonsdale Street | Shop & Premises | £11,250 |
| 5 Lonsdale Street (Ground & Basement) |
Hairdressing Salon & Premises | £ 6,400 |
| 5 Lonsdale Street (First & Second Floor) |
Hairdressing Salon & Premises | £ 6,000 |
TENURE
The properties are for sale on a freehold basis, subject to the existing tenancies.
RENT SCHEDULE
| 36 Lowther Street | Vacant |
| 36 Lowther Street (Basement) | £6,000 per annum – Lease expiring 2030. |
| 38 Lowther Street | Vacant |
| 40 Lowther Street (Ground Floor) | £11,500 per annum – lease expires June 2025 |
| 38-40 Lowther Street (Upper Floors) | Vacant |
| 1A Lonsdale Street | Vacant – Interested party with basic terms agreed. |
| 3 Lonsdale Street | £12,000 per annum – 5 year lease term commencing 24 June 2024 with tenant break option at year 3. |
| 5 Lonsdale Street (Ground & Basement) |
£6,995 per annum – lease expires July 2025 |
| 5 Lonsdale Street (First & Second Floor) |
£7,500 per annum – tenant holding over |
ENERGY PERFORMANCE CERTIFICATES (EPCS)
| 36 Lowther Street | E111 |
| 36 Lowther Street (Basement) | C51 |
| 38 Lowther Street | B46 |
| 40 Lowther Street (Ground Floor) | D77 |
| 38-40 Lowther Street (Upper Floors) | D91 |
| 1A Lonsdale Street | N/A |
| 3 Lonsdale Street | E125 |
| 5 Lonsdale Street | A20 |
Copy EPC’s are available from the marketing agents.
VAT
VAT is not payable in addition to the sale price.
VIEWINGS
Please contact Walton Goodland.
Interested parties are not to approach the existing tenants at the properties.
Arrange a viewing
Last updated: 12th December 2024 - 10:49 am