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About this property

LOCATION
The property is situated on English Street, the prime shopping street in Carlisle. Nearby national retailers include Marks & Spencer, House of Fraser, Boots, W H Smith, River Island and Tesco. Carlisle is a City situated in north Cumbria and is the main retail centre for the region. The resident population of Carlisle is approximately 80,000 and there is an estimated population in excess of 150,000 within a 30 minute drive.

The City has a main line railway station on the West Coast Main Line and the City centre lies approximately 2 miles west of the M6 Motorway.

DESCRIPTION
The premises are arranged over ground and first floors. The staircase to the second floor has been removed.

The shop benefits from a traditional modern timber shop front. With the exception of the loading doors and small storage area to the rear of the ground floor, the remainder of the ground floor is in retail use and fitted out in “The Works” standard shop fit.

The current tenant also trades from part of the first floor of the building, with the remaining parts of the first floor comprising storage, staff room and toilets. There is redundant space at second floor level, which is only accessible via a ladder and hatch.

ACCOMMODATION
Ground Floor
Sales 102.40 sq m (1102 sq ft)
Storage 2.00 sq m (22 sq ft

First floor
Retail area 36.20 sq m (390 sq ft)
Internal storage 40.80 sq m (439 sq ft)
Staff room 10.60 sq m (114 sq ft)

Second floor (Not measured)

Total 192.00 sq m (2,067 sq ft)

TERMS
The premises are let on a full repairing and insuring basis to The Works Stores Limited by way of a lease for a term of 1 year from 1 February 2020 at a rent of £25,000 per annum The lease is contracted out of the Security of Tenure provisions of the Landlord & Tenant Act 1954 Sections 24-28. Vacant possession could be obtained February 2021, if required.

PRICE

£275,000.

The freehold interest in the next door property, 84 English Street, is also available for purchase. Please contact the agents for full details.

OUTGOINGS
The property has a Rateable Value of £38,500.

LEGAL COSTS
Each party to bear its own legal costs in connection with the purchase. It is assumed that the sale would be treated as a Transfer of a Going Concern.

VIEWING
Strictly by appointment through the sole agents, YoungsRPS

Contact Michael Blake – 07718 523060 e-mail: michael.blake@youngrps.com
or Paul Fairlamb – 07718 523037 e-mail: paul.fairlamb@youngsrps.com

Location

Stamp duty

Based on a sale price of £275,000 the total amount of stamp duty payable will be:

Last updated: The calculators have been updated following the end of the stamp duty holiday on 30th June 2021. Until the end of September 2021, it represents a staggered return to previous rates.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.