Summary - 3, MARKET STREET CA3 8QJ
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime retail location in Carlisle city center
- Generates an attractive rental income of £14,000 p.a. with an 8.75% gross initial yield
- Comprises three retail units: a café and a bicycle shop, with leases secured until 2030
- High foot traffic area surrounded by notable retailers and amenities
- Long leasehold with a peppercorn ground rent, offering stable investment for years to come
**Potential Concerns:**
- High local crime rate may deter some businesses or customers
- Slow broadband speeds could affect certain retail operations
- Area is classified as deprived, which could impact consumer spending power
**Property Summary:**
This expansive retail property in the vibrant heart of Carlisle offers a unique opportunity for investors seeking a solid return. Spanning 1,684 square feet, it features three ground floor shops—a café and two spaces for a bicycle retailer—ensuring steady income with secure tenants committed to long-term leases. The strategic location boasts impressive visibility and customer access, enhanced by prominent neighboring businesses like The Market Hall Shopping Centre and TK Maxx.
While the property's locale may present challenges—namely a higher crime rate and slower internet speeds—the potential for value appreciation in this bustling city center is significant. Additionally, the long leasehold of 999 years provides peace of mind for future endeavors, making it an attractive, low-maintenance investment option in a growing market. Don’t miss the chance to secure this prime retail space in a cosmopolitan neighborhood—opportunities like this don’t last long!
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