36/38 Botchergate Carlisle Cumbria CA1 1QS

36/38 Botchergate
Carlisle
Cumbria
CA1 1QS

Freehold Retail Investment

Ground floor let to Copenhagen 1801 Ltd, t/a Victory Amusements (Guaranteed by Trafalgar Leisure Ltd) until 2028 (no breaks)
2% per annum compounded fixed rental increases
Active management potential of upper parts
Prominent Town Centre Location in Carlisle’s leisure district
Neighbouring occupiers include JD Wetherspoon, Subway, VUE Cinema, Walkabout, Ibis Hotels and Gala Bingo

Lot
38
Auction
27th March 2014
Rent
£45,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Ground floor let to Copenhagen 1801 Ltd, t/a Victory Amusements (Guaranteed by Trafalgar Leisure Ltd) until 2028 (no breaks)
2% per annum compounded fixed rental increases
Active management potential of upper parts
Prominent Town Centre Location in Carlisle’s leisure district
Neighbouring occupiers include JD Wetherspoon, Subway, VUE Cinema, Walkabout, Ibis Hotels and Gala Bingo

Lot 38
Auction 27th March 2014
Rent £45,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Leisure
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 12 miles north of the Lake District; 33 miles south-east of Dumfries; 66 miles west of Newcastle upon Tyne
Roads: M6 (Junction 43), A69, A689
Rail: Carlisle Rail Station
Air: Carlisle Airport, Newcastle Airport, Edinburgh Airport

Situation

The important university and historic city of Carlisle benefits from being 2 miles west of the M6 (junction 43) and some 12 miles north of the Lake District. The property is situated immediately adjacent to Carlisle Railway Station in the heart of the leisure district on the east side of Botchergate.
Neighbouring occupiers include JD Wetherspoon, Subway, VUE Cinema, Ibis Hotels, Gala Bingo, Walkabout and a number of other public houses/bars and restaurants.

Tenure

Freehold.

Location

Miles: 12 miles north of the Lake District; 33 miles south-east of Dumfries; 66 miles west of Newcastle upon Tyne
Roads: M6 (Junction 43), A69, A689
Rail: Carlisle Rail Station
Air: Carlisle Airport, Newcastle Airport, Edinburgh Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation and self-contained retail/ancillary accommodation on the first and second floors which is accessed separately via Botchergate.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation and self-contained retail/ancillary accommodation on the first and second floors which is accessed separately via Botchergate.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Retail	271.95 sq m	(2,927 sq ft)	COPENHAGEN 1801 LTD (t/a Victory Amusements (guaranteed by TRAFALGAR LEISURE LTD)) (1)	15 years from 01/10/2013 until 2028 on a full repairing and insuring lease (2)	£45,000	01/10/2018 and 5 yearly (fixed rental increases by 2% per annum compounded)
First Second	Ancillary Ancillary	403.56 sq m 40.00 sq m	(4,344 sq ft) (430 sq ft)	VACANT POSSESSION
Totals		715.51 sq m	(7,701 sq ft)			£45,000

(1) Trafalgar Leisure Limited was incorporated in 1999 and for the year ending 31st March 2013 reported a turnover of £2,537,499, pre-tax profits of £1,084,993 and a total net worth of £7,732,698. (Source: www.riskdisk.com 24/02/2014)
(2)The lease provides for 5 yearly rent reviews with fixed rental increases at 2% per annum compounded.