Carlisle The Maltings, Shaddongate, Carlisle

Description

Well Located Freehold Roadside Retail Investment. Comprising two retail terraces and a detached Subway unit within a gated site totalling 2,815 sq m (30,300 sq ft). Prominent position close to the Town Centre and Carlisle Rail Station. Tenants include Subway, Crown Paints & Salvation Army. Site extends to 1.424 acre (0.576 ha). VAT is applicable.

Accommodation

Two retail terraces and a detached Subway unit within a gated site totalling 2,815 sq m (30,300 sq ft).

Location

The property is situated on the east side of Shaddongate, close to its junction with Bridge Street (A595). It is close to Carlisle Town Centre and Carlisle Rail Station, which is approximately 0.6 miles away. Occupiers close by include Farmfoods, Sainsbury's and Sainsbury's petrol station.

Tenure / Property Information

Investment Analysis

The evidence describes a substantial freehold roadside retail investment of approximately 30,300 sq ft on a 1.424-acre site, with Subway, Crown Paints and Salvation Army identified as tenants. The £1.6m+ guide is not a formal valuation. No completed sales, commercial rental evidence, passing rent, lease terms, yields or commercial valuation evidence has been supplied, so GDV, market value, yield and a maximum bid cannot be reliably established. VAT is applicable and additional charges may be payable.

Investment Snapshot

Strategy Recommendation

Treat as a commercial income-investment opportunity only subject to full lease, rent roll, tenant covenant, VAT, survey and valuation due diligence. Do not bid on the supplied evidence alone.

Works Required

No refurbishment works are specified in the evidence. Allow for inspection-led maintenance, compliance or tenant-related works only if confirmed by survey, leases or supporting documentation.

Rental & Market Context

Potential BRRR Position

A BRRR analysis cannot be completed because commercial passing income, refurbishment costs, valuation evidence and refinance terms are unavailable. The property is described as a retail investment with identified tenants, but the tenancy and income documentation would be essential before considering refinancing.

Buy-to-Let Analysis

The supplied rental evidence relates to two-bedroom residential properties and cannot support a commercial retail rent or yield analysis. No passing rent, lease expiry, rent review, covenant or operating-cost information has been provided. BTL-style underwriting is therefore not possible from the evidence.

Flip Analysis

A resale analysis cannot be completed because there are no completed comparable sales, commercial rental evidence, GDV evidence, refurbishment costs or supported selling allowance. The applicable VAT and potentially payable additional charges also require confirmation.

Investor Risks & Due Diligence

• VAT is applicable.

• Additional charges and fees may be payable by the seller or other third parties.

• Passing rent, lease terms, rent reviews, lease expiries and tenant covenants are not supplied.

• No commercial rental evidence or completed comparable sales have been supplied.

• The guide is stated as £1.6m+ and is not a formal valuation.

• Condition, compliance, EPC and operating-cost information are not supplied.

Recommendation

Treat as a commercial income-investment opportunity only subject to full lease, rent roll, tenant covenant, VAT, survey and valuation due diligence. Do not bid on the supplied evidence alone.

Strategy Rating

Analysis Confidence

The description and guide price are supplied, but there is no commercial rent, passing income, lease information, completed sales evidence, condition assessment, buyer fee schedule or formal valuation support.