Fawcett Mead are delighted to have advised Kennedy Wilson on the disposal of their freehold interest of 78/82 English Street & 49-53 Blackfriars Street, Carlisle.

The property is let to Clydesdale Bank PLC and Origins Caterers Ltd with a total rental income of £131,000 per annum.

Joe Baio commented “We are very pleased to have advised Kennedy Wilson on the sale of 78-82 English Street & 49-53 Blackfriars Street, Carlisle. The majority of the property is let to Clydesdale Bank PLC until 2036 paying £120,000 per annum. The sale price of £1,710,000, reflects a NIY of 7.1%. Many thanks to Liam Stray of Allsop, who acted for the purchaser.”