Property photos
Auction
From
£160,000
Property for sale
Warwick Road, Carlisle CA1Local area information
Property location
Nearby amenities
- Progress Schools - Carlisle (SEN) 0.2 miles
- Eden Park Academy (SEN) 0.2 miles
- Carlisle 0.3 miles
- Wetheral 3.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Carlisle to find out more about the local area.
Features and description
- 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
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.
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.
More information
Listed by
Savills - National Auctions
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