The retail parade comprises three units, spanning 10,041 sq ft of retail space, which are let to The Works, Hotel Chocolat and Hays Travel, generating an income of £153,328 per annum, with a WAULT to expiry of 5.43 years.
Their prominent location enables these retail units to capitalise on Carlisle’s incredibly strong retail fundamentals – being an extremely dominant retail destination within its catchment with minimal leakage to other distant retail centres, and enjoying a thriving tourism industry worth approximately £100m a year.
James Mead, Patrick Kilvington and Oliver Smart have been appointed to seek offers in excess of £1.445m for this freehold opportunity, reflecting a net initial yield of 10%. Take a look at the brochure below and then get in touch to find out more details.
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