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29 Lowther St 5,939 sq ft 100% Let Retail Property Carlisle CA3 8EE £350,000 (£58.93/sq ft) 12% Net Initial Yield
Investment Highlights
- Prominent City Centre location
- Nearby occupiers include Pizza Express, Nando's, Boots, Greggs, TG Jones, Caffe Nero and Go Outdoors
- 200 metres from Carlisle Railway Station
Executive Summary
The property comprises an attractive Grade II listed building arranged as a ground floor retail unit with ancillary in the basement. The upper floors provide self-contained and separately accessed office accommodation which may lend itself to future change of use potential subject to obtaining the necessary consents.
Ground floor and basement let to Nationwide Building Society (in occupation for over 50 years).
Ground floor and basement let to Nationwide Building Society (in occupation for over 50 years).
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Property Size
5,939 sq ft
Costar Property Class
B
Year Built
1871
Price
£350,000
Price per sq ft
£58.93
Yield
12%
NOI
£42,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.76
Total Plot Size
0.18 ac
Frontage
80 ft on Devonshire Street
Amenities
- 24 Hour Access
- Corner Lot
- Signage
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Nearby Major Retailers
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29 Lowther St
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