About this property
The property is situated on the fully pedestrianised section of English Street, the prime shopping street in Carlisle. It lies adjacent to the Marks & Spencer’s store and Clintons Cards, close to the junction of English Street with Bank Street. Other nearby national retailers include House of Fraser, Boots, WH Smith, Primark, Joules and White Stuff.
Carlisle is a City situated in north Cumbria and is the main retail centre for the region, which includes the Scottish Borders. 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.
The premises are arranged over ground and first floors. Additional storage is available in an extensive self-contained basement, if required.
The shop benefits from a full width modern glazed shop front. The shop is fully fitted and ready for trading with a modern suspended ceiling with integral spotlighting, air conditioning cassettes, lined walls and a laminate floor covering.
The rear area of the ground floor has been sub-divided to form two stores off a corridor. There is a staircase to the first floor accommodation, which provides additional storage, a staffroom and male and female staff toilet facilities.
Internal width 6.65m (21’ 2”)
Shop depth 30.01m (98’ 6”)
Net Internal Area 192.25 sq m (2,069 sq ft)
Gross Internal Floor Area 78.25 sq m (842 sq ft)
The premises are available by way of a new internal repairing and insuring lease for a term of years to be agreed, but incorporating upward only rent reviews to market rent at the end of each 5th year of the term. There is a service charge operating for the shared repair and maintenance of the building. The lease is available at nil premium.
£35,000 per annum.
The rent will be exclusive of Business Rates and will be payable quarterly in advance. The property is registered for VAT and therefore, VAT will be payable on the rent and service charge.
The premises are entered into the 2017 Rating List with a Rateable Value of £56,500. If the occupying business is eligible under the current Government Covid-19 measures to support business, the rates bill will be discounted by 66% from 1 July 2021 to 31 March 2022,
Interested parties should confirm the rates liability with the business rates department of the Local Authority.
The property is registered for VAT and VAT is therefore payable on the rent.
Each party to bear its own legal costs.
ENERGY PERFORMANCE CERTIFICATE
The property has an EPC rating of D-82. A copy of the EPC and recommendation report is available on request.
CODE OF PRACTICE FOR COMMERCIAL LEASES
The Code of Practice for Commercial Leases in England and Wales recommends parties intending to enter into leases should seek advice from professionals or lawyers at an early stage. The Code is available through professional institutions and trade associations or through the website,
NB: the self contained basement extending to a gross internal floor area of 265.28 sq m (2856 sq ft) with a small office and w.c. at ground floor with ramped access to the basement is available to let to provide additional storage accommodation or suitable for a variety of uses subject to planning consent. Available on terms to be agreed. Full details on application.
Strictly by appointment with YoungsRPS, reference Michael Blake.