£400,000 /Sale price

Offers in excess of £400000.00 Prominent city centre trade counter unit ? 11,881 Ft2 GIA ? Low passing rent of £46,000 per annum (£3.87 Ft2) ? Ground rent of £11,955 per annum ? Net rent after ground rent reduction of £34,045 per annum ? Gross ERV of £65,345 per annum (£5.50 Ft2) ? Net of ground rent ERV of £53,390 per annum ? Highly accessible town centre location ? Fully let to Saint Gobain Building Distribution Ltd (renamed Stark Building Materials UK Ltd) for a term of 10 years from 8th April 2019, and expiring on 7th April 2029 ? Newly extended 125 year long lease from Cumberland Council at a ground rent of £11,955 per annum The property is situated on Viaduct Industrial Estate on the edge of Carlisle Town Centre, 0.5 miles from Carlisle Station and Carlisle Castle, and 0.2 miles from Carlisle Cathedral. The wider area encompasses a range of predominantly commercial occupiers with a mixture of supermarkets and retail warehouses. Wider occupiers include: Dunelm, Dulux, Sainsburys, Cumbria Indoor Bowls Club and Lidl.