Carlisle city centre property portfolio comes to market

The portfolio, located on Lowther Street and Lonsdale Street, features a combination of retail and commercial properties. 

It includes a secure gated car park and storage facility.

The properties are being marketed by Walton Goodland for an undisclosed price. 

The agency has highlighted the portfolio's potential for a significant income increase and possible redevelopment, subject to planning consent.

A sale of part of the portfolio may also be considered, with Lonsdale Street properties or Lowther Street being sold separately.

"The portfolio is capable of being split and sold independently in two separate elements, each part comprising a block of commercial/retail property with supporting car parking," the listing reads. 

Read more: Former Annie's cafe on Bank Street Carlisle available to let

It consists of two separate blocks of three-storey and four-storey buildings. 

The properties fronting Lowther Street are Grade II listed.

The properties for sale are 36, 38, and 40 Lowther Street, as well as 1A, 3, and 5 Lonsdale Street.

The rent schedule for the properties being offered on a freehold basis, subject to existing tenancies, is as follows:

• 36 Lowther Street is vacant, while its basement is leased at £6,000 per annum until July 2025.
• 38 Lowther Street is vacant, as are the upper floors of 38-40 Lowther Street.
• The ground floor of 40 Lowther Street is leased at £11,500 per annum until June 2025.
• 1A Lonsdale Street is vacant, but has an interested party with basic terms agreed.
• 3 Lonsdale Street is leased at £12,000 per annum, with a five-year lease term commencing June 24, 2024.
• 5 Lonsdale Street (ground and basement) is leased at £6,995 per annum until July 2025.
• The first and second floors of 5 Lonsdale Street are leased at £7,500 per annum, with the tenant holding over.

For more information, interested parties should contact Walton Goodland via email at agency@waltongoodland.com or by phone at 01228 514199.