11-21 English Street

Description

Investment Summary 

• Carlisle is a historic City in the North West of England and the county town for Cumbria.
• Due to the distance to major competing centres, Carlisle is extremely dominant within its catchment with minimal 'leakage' to other centres.
• Carlisle benefits from a thriving tourism industry worth approximately £100m to the city's economy annually.
• The property occupies a highly prominent position on English Street, adjacent to The Lanes Shopping Centre and opposite Marks & Spencer.
• Fully let to the undoubted covenants of The Works Stores Limited, Hotel Chocolat Stores Limited and Hays Travel Limited.
• Total current income of £153,328 per annum.
• WAULT (exp) 5.43 years, WAULT (brk) 2.33 years.

We have been instructed to seek offers in excess of £1,445,000 (One Million Four Hundred and Forty Five Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 10%, assuming standard purchasers costs.