Commercial property for sale in Warwick Road, Carlisle CA1
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Property features
- High Yielding Retail/Pharmacy Investment
- Let to Lloyds Pharmacy
- Lease Expires 22/09/2026
- Producing £24,356.49 per annum
- 2,269 sq ft (210.84 sq m)
- Asset Management Potential
- Medium Term Development/Conversion Potential (stp)
- Guide Price Reflects 15.22% Gross Yield
- No VAT
Property description
Strapline
Auction Sale - 28/02/2024
High Yielding Retail/Pharmacy Investment
Let to Lloyds Pharmacy producing £24,356.49 per annum
Medium Term Conversion/Development Potential (subject to obtaining the requisite consents)
Description
The property comprises a high yielding retail/pharmacy investment let to the established and well regarded covenant of Lloyds Pharmacy.
Arranged across ground, first and second floors the property is let in its entirety to Lloyds Pharmacy on a lease expiring 22/09/2026 and paying a rent of £24,356.49 per annum.
Situated on an established mixed use road at the edge of the town centre, the property is perfectly positioned for its current use, being able to cater for shoppers and local residents.
Planning
Whilst there are no extant planning consents, the property is situated in a mixed use area with several terraced houses and apartment conversions nearby. We consider the property could be suitable for conversion to alternative uses, including the aforementioned residential uses, subject to obtaining the requisite consents.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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