36/38 Botchergate Carlisle Cumbria CA1 1QS

  • 36/38 Botchergate<br>Carlisle<br>Cumbria<br>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    Withdrawn Post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
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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  • Status Withdrawn Post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

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.

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.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Middletons Solicitors 135-137 Dale Street
Liverpool
L2 2JH
Jerry Bown 0151 236 5599Jerry.Bown@middletonsolicitors.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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