Summary - CTD CARLISLE LTD, VIADUCT ESTATE ROAD CA2 5BN
1 bed 1 bath Distribution Warehouse
Large trade/warehouse unit with re‑letting upside for cash or specialist buyers.
Fully let to Saint Gobain Building Distribution Ltd until 07/04/2029
Passing rent low at £46,000 pa; gross ERV of £65,345 pa (upside at re‑let)
Only c.4 years remaining on the lease — lenders likely to refuse mortgages
High ground rent £11,955 pa significantly affects net income
High flood risk and very high local crime; insurance/operational impacts
Prominent town‑centre location, 0.5 miles from Carlisle Station
Concrete forecourt, marked parking and separate service yard for loading
Adjacent to mainline railway with good vehicle access and turning
This substantial single‑storey distribution warehouse on Viaduct Industrial Estate occupies a prominent, highly accessible position close to Carlisle town centre and the rail station. The steel‑framed, pitched‑roof building with concrete yard, marked parking and separate service area suits trade counter, light industrial or storage use. On‑site parking and good vehicle turning add practical value for occupiers.
The property is currently fully let to Saint Gobain Building Distribution Ltd (trading as Stark Building Materials UK Ltd) under a lease that expires in April 2029. Passing rent is low relative to estimated rental value, offering potential upside at re‑let. The site’s proximity to major retail and distribution occupiers and nearby transport links supports occupational demand.
Important constraints are material: the leasehold interest has only around four years remaining, which will deter many mortgage lenders and limits financing options. The ground rent is unusually high (£11,955 pa) and there is a high flood risk and very high local crime rate—each a genuine factor for operational costs, insurance pricing and future re‑letting.
This is a clear position‑play for a buyer who can purchase in cash or via specialist funding, comfortable with short leasehold exposures and local area challenges. There is occupational or repositioning potential, but legal, flood and financing checks are essential before offer.
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