Summary - 1, FERGUSON COURT, FISHER STREET CA3 8RR
1 bed 1 bath Commercial Property
Prominent Grade II freehold let to charity — short lease term, buyer to note listed status.
Freehold investment, passing rent £13,000 p.a.
A freehold commercial investment in Carlisle’s historic quarter, let to a registered charity at a passing rent of £13,000 per annum. The Grade II listed three-storey Georgian building offers well-fitted office accommodation across 2,331 sq ft and occupies a prominent city-centre position with views toward Carlisle Castle. No VAT is payable on the sale.
Significant near-term risk: the current lease expires 12 February 2028 (three years remaining). Mortgage lenders may refuse lending on this asset because of the short lease term, and the listed status will restrict alterations and may add cost and delay to any refurbishment. Prospective buyers should factor professional consent requirements for listed buildings.
The property suits an investor able to buy with limited lender involvement, or a buyer prepared to re-let or reposition after expiry. Local factors: high local crime and an area classified as deprived may affect rental growth, but the central, mixed-use location and strong amenities provide tenant demand potential.
Practical notes: excellent mobile signal, average broadband, no flood risk. Viewing and purchase decisions should be informed by lease documentation, the tenant’s covenant, and listed-building constraints.
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