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3 Grapes Lane, The Lanes - Picture
Let

Unit 3&5 Grapes Lane The Lanes Shopping Centre, Carlisle, CA3 8NX

Owned by
NewRiver logo
Use Class

Use Class

E(a)

Size

Size

1,862 sq ft

Rent pa

Rent pa

£85,000

Market Sector

Market Sector

Shopping Centre

Landlord

Landlord

NewRiver

Description

The subject premises are located in a prime position on Grapes Lane adjacent to Muffin Break and Schuh. Other nearby retailers include Swarovski, Monsoon, Ernest Jones, BHS, Clarks, New Look, Roman, Jack Wills and Superdrug.

Location

The town centre is dominated by The Lanes Shopping Centre which provides 500,000 sq ft of retail accommodation and incorporates 600 car parking spaces and benefits from an annual footfall in access of 11.5 m persons.

Key Information

Viewing

Strictly by appointment.

Accommodation

1,862 Sq.Ft

Ground and First floor retail unit.

Areas
Sq.Ft
Sq.M
Ground Floor Sales
1,471
136.65
First Floor Ancillary
391
36.32

Financial

Lease Type

New Lease

Lease Term

10 years

Rent

Rent is exclusive of rates, insurance and VAT (if applicable).

Rates

We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above. Interested parties are advised to make their own enquiries to the Local Authority.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service Charge

The service charge payable for the year ending December 2015 is £10,702, plus insurance of £314 per annum.

Tenure

Leasehold - The premises are available by way of a new effectively full repairing and insuring lease for a term to be agreed subject to five yearly upward only rent reviews.

Rates

Rateable Year:
2015
Rateable Value:
£87,500.00
Rates payable:
£43,138.00
UBR:
49.3p/£

This Property is Part of a Shopping Centre

The Lanes Shopping Centre

The Lanes is a regionally dominant covered shopping centre, forming a substantial part of the city centre of Carlisle. It opened in 1984 and was later extended in 2000 with the addition of an anchor store with over 60 retail units.

Barker ProudloveNewRiverJamieson Mills
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Disclamier

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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