Two retail units located on prime retailing thoroughfare
112/114 let to Bonmarche Limited
Nearby occupiers include B&M Bargains, British Heart Foundation, Santander and Edinburgh Wooden Mill
Rent: £41,725 p.a.x. (gross) £41,500 p.a.x. (net)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 123
Auction 13th October 2016
Rent £41,725 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
12 miles north of the Lake District, 60 miles west of Newcastle upon Tyne
Roads
A7, A69, A595, A689, M6 (Junction 43)
Rail
Carlisle Rail
Air
Newcastle International Airport
Situation
Carlisle is an historic University City and the commercial and administrative centre for Cumbria, located 12 miles north of the Lake District. The property is situated on the west side of English Street, just south of the pedestrianised area. Nearby occupiers include B&M Bargains, British Heart Foundation, Santander and The Edinburgh Wooden Mill.
Tenure
Long Leasehold. Held from the council of the City of Carlisle on three leasehold titles for a term of 99 years from 01/08/1932 until 31/07/2031 at a rent of £75 per annum.
Location
Miles
12 miles north of the Lake District, 60 miles west of Newcastle upon Tyne
Roads
A7, A69, A595, A689, M6 (Junction 43)
Rail
Carlisle Rail
Air
Newcastle International Airport
Situation
Carlisle is an historic University City and the commercial and administrative centre for Cumbria, located 12 miles north of the Lake District. The property is situated on the west side of English Street, just south of the pedestrianised area. Nearby occupiers include B&M Bargains, British Heart Foundation, Santander and The Edinburgh Wooden Mill.
Tenure
Long Leasehold. Held from the council of the City of Carlisle on three leasehold titles for a term of 99 years from 01/08/1932 until 31/07/2031 at a rent of £75 per annum.
Description
The property comprises two ground floor retail units with ancillary accommodation on first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with ancillary accommodation on first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x (gross)
Review/(Reversion)
110
Ground First Second
Retail (1) Ancillary Ancillary
159.00 sq m 71.00 sq m 101.80 sq m
(1,711 sq ft) (764 sq ft) (1,096 sq ft)
VACANT POSSESSION
-
-
-
112/114
Ground First
Retail Ancillary
210.67 sq m 83.00 sq m
(2,267 sq ft) (893 sq ft)
BONMARCHE LIMITED (2)
Approximately 13 years from 25/08/2005
£41,725
(07/03/2018)
Totals
625.47 sq m
(6,731 sq ft)
£41,725
(1) In 2014 planning permission was granted for change of use to A1 (retail), A2 (financial or professional) or A3 (restaurants). (2) For the year ending March 2016, Bonmarche Limited reported a turnover of £178,575,000, pre-tax profits of £12,626,0000 and a total net worth of £22,528,000. (Source: Experian Group 14/09/2016). The Bonmarché business operates out of 300+ stores across the UK (Source: bonmarcheplc.com 19/09/2016)