Retail premises for sale in 40-42, Scotch Street, Carlisle CA3

From £675,000 (£159.01/sq. ft)
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Retail premises for sale 4,245 sq. ft*

Property description

Key Points

  • Prime Retail position in Carlisle City Centre
  • Let to cex Ltd on 10 yr lease (wef 22/01/15) on Fri terms
  • Corporate store not a franchise operation, low risk credit rating
  • Description

    The property comprises a Grade II listed end terrace, three/four storey building under pitched slate covered roofs, incorporating attic accommodation with a gable and corner window. The ground floor incorporates a glazed retail frontage with centralised pedestrian door to the sales area covering the majority of the ground floor with a rear lobby goods entrance and WC to the rear. The upper floors provide storage and staff accommodation including further WC’s.


    Scotch Street is one of the principle retail pitches within Carlisle city centre being pedestrianised along with English Street. The property occupies a prominent position between the Eden Centre including tk Maxx, Wilko’s and Sports Direct, Poundland, Vodafone and Greggs and The Lanes Shopping Centre (Primark) close by. Carlisle is situated at the northern end of Cumbria adjacent to the M6 and close to the Scottish Borders. The city has a population of 75,306 and a wider population of 107,524 (2011 census) and is the main administrative and retail centre for Cumbria.


    The entire property is let to cex Ltd on a 10 year lease wef 22/01/15 at a rebalanced rent of £55,000 p.a. (circa £45 psf itza).

    Covenant Strength

    Covenant Strength
    cex Ltd (Company No: 03194152) was founded in 1992 and buy, sell and exchange a range of technology and entertainment products. Cex Ltd have 618 stores worldwide including 388 stores in the UK of which 274 are franchised stores. This store is operated as a corporate store (rather than franchise arrangement). Cex Ltd have been reported as being recession resistant as a business model with over 30 years experience and have an Experian score of 81, considered low risk.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    For more information about this property, please contact
    Montpellier Property, HG1 on +44 1423 578882 * (local rate)

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Montpellier Property, and do not constitute property particulars. Please contact Montpellier Property for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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