Summary - BUTTERWORTH, 24, LOWTHER STREET CA3 8DA
1 bed 1 bath Commercial Property
Substantial Grade II office with immediate income on Carlisle’s main commercial spine..
Let at £30,000 per annum with an FRI lease from February 2024
Freehold investment offered at £330,000 for immediate income
Substantial period building — approx. 3,884 sq ft over multiple floors
Grade II listed — restrictions on alterations and potential maintenance complications
Well-maintained interior with notable original stone staircase and period features
Prime Lowther Street city-centre location with historic footfall and transport links
Local area: high crime levels and relative deprivation may affect long-term demand
FRI lease places repair and insurance obligations on the tenant until lease expiry
This substantial Grade II stone-built office on Lowther Street offers a clear income stream and strong city-centre presence. The building extends over multiple floors with many period features and a prominent frontage, earning steady urban exposure in Carlisle’s principal retail spine.
Currently let to a long-established professional occupier on a full repairing and insuring (FRI) lease at £30,000 per annum for five years from February 2024, the property suits investors seeking an immediate, hands-off rental return and capital upside. The tenant currently occupies the whole building, which is well maintained and fully utilised.
Buyers should note material constraints: the listed status will restrict alterations and can complicate maintenance, and the local area records high crime levels and relative deprivation — factors that may affect long-term rental demand and exit options. Broadband speeds are average despite excellent mobile signal.
Priced at £330,000 for the freehold and offering approximately 3,884 sq ft across five floors, this is a specialist investment for purchasers comfortable with heritage assets and city-centre servicing requirements. Lease details available on request to inform yield and reversion planning.
Commercial property for sale in 1 Fisher Street, Carlisle, Cumbria, CA3 8RR, CA3 — £195,000 • 1 bed • 1 bath • 2331 ft²
High street retail property for sale in 1-3 Market Street, Carlisle, Cumbria, CA3 — £160,000 • 1 bed • 1 bath • 1684 ft²
High street retail property for sale in 4 Market Street, Carlisle, Cumbria, CA3 — £100,000 • 1 bed • 1 bath • 838 ft²
Commercial development for sale in AMANTE BAR, 9 Lowther Street, Carlisle, Cumbria, CA3 8ES, CA3 — £695,000 • 1 bed • 1 bath
Commercial property for sale in Fisher Street, Carlisle, Cumbria, CA3 — £1,500,000 • 1 bed • 1 bath • 14059 ft²
Office for sale in 2-2A Market Street, Carlisle, Cumbria, CA3 — £190,000 • 1 bed • 1 bath • 5543 ft²
