From
£125,000
Property for saleMarket Street, Carlisle CA3
Just added
Auction
About this property
To be offered on Tuesday 25 November
Retail Investment
Comprises 3 retail ground floor shops t/a Cafe and Bicycle Retailer (double unit)
Total gia: 156.46 sq m (1,684 sq ft)
VAT is not applicable to this property
Occupiers nearby include The Market Hall Shopping Centre, tk Maxx, Barbers and more
Investment let at £14,000 per annum (11.2% giy on guide price).
Strapline
Auction Sale - 24/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
A retail investment opportunity. Comprising 3 retail stores trading as a Café and Bicycle Retailer (double unit) at ground floor.
Investment fully let at £14,000 per annum
(11.2% giy on guide price).
Located in Carlisle, Cumbria
Description
Comprises 3 retail ground floor shops t/a Bicycle Retailer (No.1-2) and a Cafe (No.3),
investment let at £14,000 per annum (11.2% giy on guide price).
Location
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
Tenancy
Ground floor shop No. 1-2 is let to Long May You Ride Ltd for a term of 6 years from 1st October 2024 at current rent of £8,500 p.a. And the lease contains full repairing and insuring covenants. Fixed increase of rent to £9,000 p.a. On the 4th anniversary of the lease. Tenant has right to determine lease on the 3rd anniversary with 6 months' notice.
Ground floor shop No. 3 is let to Crème Cafe Cycles Ltd for a term of 6 years from 1st October 2024 at current rent of £5,500 p.a. And the lease contains full repairing and insuring covenants. Fixed increase of rent to £6,000 p.a. On the 4th anniversary of the lease. Tenant has right to determine lease on the 3rd anniversary with 6 months' notice.
Accommodation
Shop No. 1-2:
Ground Floor Sales 94.4 sq m (1,016 sq ft)
Rear Store 13.5 sq m (146 sq ft)
Kitchen 2.6 sq m (28 sq ft)
Total: 110.5 sq m (1,190 sq ft)
Shop No.3:
Ground Floor Sales/Café 32.54 sq m (350 sq ft)
Kitchen and Storage 13.42 sq m (144 sq ft)
Total: 45.96 sq m (494 sq ft)
Total gia: 156.46 sq m (1,684 sq ft)
Auction Sale - 24/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
A retail investment opportunity. Comprising 3 retail stores trading as a Café and Bicycle Retailer (double unit) at ground floor.
Investment fully let at £14,000 per annum
(11.2% giy on guide price).
Located in Carlisle, Cumbria
Description
Comprises 3 retail ground floor shops t/a Bicycle Retailer (No.1-2) and a Cafe (No.3),
investment let at £14,000 per annum (11.2% giy on guide price).
Location
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
Tenancy
Ground floor shop No. 1-2 is let to Long May You Ride Ltd for a term of 6 years from 1st October 2024 at current rent of £8,500 p.a. And the lease contains full repairing and insuring covenants. Fixed increase of rent to £9,000 p.a. On the 4th anniversary of the lease. Tenant has right to determine lease on the 3rd anniversary with 6 months' notice.
Ground floor shop No. 3 is let to Crème Cafe Cycles Ltd for a term of 6 years from 1st October 2024 at current rent of £5,500 p.a. And the lease contains full repairing and insuring covenants. Fixed increase of rent to £6,000 p.a. On the 4th anniversary of the lease. Tenant has right to determine lease on the 3rd anniversary with 6 months' notice.
Accommodation
Shop No. 1-2:
Ground Floor Sales 94.4 sq m (1,016 sq ft)
Rear Store 13.5 sq m (146 sq ft)
Kitchen 2.6 sq m (28 sq ft)
Total: 110.5 sq m (1,190 sq ft)
Shop No.3:
Ground Floor Sales/Café 32.54 sq m (350 sq ft)
Kitchen and Storage 13.42 sq m (144 sq ft)
Total: 45.96 sq m (494 sq ft)
Total gia: 156.46 sq m (1,684 sq ft)
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