Available
Carlisle – Convenience Store
4 Market Street, Carlisle, Cumbria CA3 8QJVirtual Freehold Retail Investment
Price
£100,000
Rent P.A.
£8,000
Yield
8.00%
Tenure
Leasehold
Lease Term
6 Years
Years Left on Lease
5y 1m
Area
838 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor retail shop t/a convenience store
- Let until 2031. Review rent on 3rd anniversary linked to RPI
- Occupiers nearby include The Market Hall Shopping Centre, TK Maxx, Barbers and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor retail shop trading as a convenience store, providing the following accommodation and dimensions:
Ground Floor: 77.88 sq m (838 sq ft)
Open plan retail, Storage, Kitchenette, WC
Ground Floor: 77.88 sq m (838 sq ft)
Open plan retail, Storage, Kitchenette, WC
Tenancy Description
The property is let to an Individual for a term of 6 years from 13th January 2025 at current rent of £8,000 p.a. and the lease contains full repairing and insuring covenants. Review rent on 3rd anniversary linked to RPI. Tenant has right to determine lease on 13th January 2028 with 6 months' notice. Deposit held of £2,000.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Carlisle is a border city and the county town of Cumbria. The town is located 8 miles south of the Scottish border at the confluence of the rivers Eden, Caldew and Petteril. Carlisle is the only city in Cumbria. The city centre is largely pedestrianised and the Lanes shopping centre is home to around 75 shops. Carlisle is linked to the rest of England via the M6 motorway to the south, and to Scotland via the M74/A74 towards Glasgow and the north. The property is located in the town centre with occupiers nearby include The Market Hall Shopping Centre, TK Maxx, Restaurants, Barbers and more.
