Investment.

Carlisle.

The Eden Centre, Market Hall & 40 Scotch Street, CA3 APU

Map View

Status.

Available

Price.

£2,500,000

Service Charge.

£380,200

Location.

Carlisle is the largest settlement, county town and the only Cathedral City in Cumbria. Located in the north west of England, it serves as the administrative centre for both Carlisle City Council and Cumbria County Council. The city is strategically located, 9 miles (14km) south of the Scottish border, 30 miles (48km) south east of Dumfries and 50 miles (80km) west of Newcastle upon Tyne. The city has excellent road communications, sitting adjacent to the M6 Motorway, linking the city to the rest of the North West of England and Scotland. The A69 links to the North East and to Newcastle upon Tyne. Carlisle Railway Station, the principal station on the West Coast Main Line, provides regular direct services to Glasgow (1 hour 12 minutes), Newcastle upon Tyne (1 hour 30 minutes), London Euston (3 hours 20 minutes) and Birmingham New Street (2 hours 50 minutes).
The closest international airport is Newcastle Airport located some 56 miles (90km) to the East.

Description.

The subject property is a substantial city centre site located towards the northern end of the pedestrianised Scotch Street and it borders with West Tower Street to the north,Market Street to the west and Fisher Street to the south. The property comprises a historic covered Victorian market hall, two large retail units and a retail arcade located at the entrance of the market hall.The market hall is one of the few covered Victorian Markets remaining in the UK. The market is run by Carlisle City Council and is occupied by a host of local independent retailers including greengrocers, florists, cards, stationery, pet supplies and several cafés. It is open from Monday to Saturday from 8am until 5pm. The market has public entrances on Scotch Street and West Tower Street, where a number of bus stops are located servicing local bus routes to Morton, Kingstown,Houghton and Blackwell.The Eden Centre comprises two large anchor store retail units currently let to TK Maxx and Wilko. TK Maxx trade from first floor only while Wilko trade from ground floor.The subject property is Grade II listed.

Rent.

£383,400.00 per annum exclusive

Tenure.

Lease

Yield.

10.5% NIY

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Patrick Over.

Associate Partner | Investment

Ed Smith.

Partner | Investment

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