The unit comprises a retail unit over ground and first floors, with second floor storage.
Location
Carlisle is a major retail centre within the North of England. The city is the regional and economic capital for a catchment covering 1.34m people.
Tourism visits total c.8 million annually.
The Lanes Shopping Centre is the dominant element of retail in the city centre and is home to well-known high street names including Next, Deichmann, River Island, JD, Clarks, Pandora and Katie Loxton. The centre boasts a 625 space multi-storey car park.
The subject unit is situated in a 100% prime location on English Street amongst retailers such as Primark, Lakeland Leather and Hotel Chocolat.
Accommodation
The unit comprises aground floor retail unit the following approximate net internal floor areas:
Ground Floor - 2,077 sq ft (192.95 sq m)
First Floor - 1,829 sq ft (169.91 sq m)
Second Floor Storage - 1,723 sq ft (160.07 sq m)
Terms
Lease - The property is available by way a new effectively full repairing and insuring lease for a term to be agreed, subject to an upward only rent review at the fifth anniversary of term commencement. Short term occupancy is considered. N.B. The freehold may be available (Further information on request)
Rent - Upon application. Rent is exclusive of service charge, insurance, utilities, business rates and VAT.
Business Rate - We are electronically advised by the VOA that the property is assessed as follows:
Rateable Value - £72,000
For further details visit Gov.uk or contact the business rates department at the local authority. From 1st April 2022, the 2022/23 retail, hospitality and leisure business rates relief scheme will provide occupied retail, hospitality and leisure properties with a 50% relief up to a cash cap limit of £110,000 per business. More detail including rules on eligibility can be found at www.gov.uk
Service Charge - The on-account service charge for the year 2023 stands at approximately £5000, per annum plus VAT.
EPC - Energy Performance Asset Rating - Available on request.
Costs - All figures quoted are exclusive of VAT where applicable.