Alan Reay Car Sales, Currock Road, Carlisle, Cumbria, CA2

Freehold Investment For Sale

Alan Reay Car Sales, Currock Road, Carlisle, Cumbria, CA2 5AE

Property Summary

• A freehold investment comprising a strong roadside commercial pitch, located on the busy roundabout junction connecting Crown Street, Currock Road and James Street
• Nearby to the ongoing regeneration of Carlisle City Centre, 2 miles from Junction 43 (M6), providing excellent road communications
• Total Gross Internal Area of approximately 234.38m2 (2,523 sq ft) on a site extending to circa 0.41 acres
• The site is let to Alan Reay Car Sales at a current passing rent of £13,780 per annum on FRI terms
• Additionally there is an advertising board on site which generates £4,500 per annum
• An excellent and rare opportunity to acquire a prominent freehold asset in a strong commercial location within Carlisle
• Guide Price: £295,000, reflecting a gross initial yield of 6.19%

REF: W1232

LOCATION

The opportunity is situated immediately to the south of Carlisle city centre in the North West of England. Carlisle lies close to the Scottish Border and adjacent to Junctions 42, 43 and 44 of the M6 motorway network. The site itself is approximately 2 miles from Junction 43, with connectivity to Junction 42 set to imminently improve with the completion of the Carlisle Southern Link Road.

Carlisle is on the main west coast Glasgow to London Euston rail line, with Carlisle Train Station 0.4 miles to the north of the site, which is currently undergoing a £27 million development through the Carlisle Station Gateway Project. The site also has good access east to Newcastle, including Newcastle airport, along the A69 trunk road.

The site is located directly on the busy roundabout junction of Crown Street Currock Road and Currock Street and therefore receives a high level of passing traffic. The immediate area boasts a mix of trade counters, retail warehouses and light industrial users, such as the national occupiers Screwfix, Wolseley, Howdens, Benson for Beds and System Hydraulics.

The City of Carlisle has a residential population of around 75,000, a wider city population of around 108,000 and an estimated catchment population of 235,000. As well as being the dominant shopping location, it is also the administrative centre in Cumbria and the Borders.

DESCRIPTION

The site extends to 0.41 acres and benefits from a strong roadside pitch on the roundabout junction of Crown Street, Currock Road and James Street. Currently occupied by a car and motorcycle sales business, the tenant has been in operation for over 40 years and is therefore a well established local business.

There is a 2,532 sq ft unit in situ which comprises a lower ground floor workshop measuring 1,232 sq ft and an upper floor sales area comprising 1,291 sq ft. The site benefits from two access points, one off the main roundabout and another along Currock Road. Internally the workshop element has a roller shutter entrance and has an open plan layout. The sales area also has its own dedicated access in addition to office facilities and a WC.

The property has a mix of block brickwork and pebbledash elevations underneath a pitched corrugated fibre cement slate roof. There are two forecourts to the west and east of the site, which have a mix of hardstanding and cobblestone finish. Externally there is a digital advertising board fronting onto the main roundabout, which forms part of the investment opportunity.

ACCOMMODATION

The premises provide the following approximate gross internal areas:

Alan Reay Car Sales
Lower Ground Floor Workshop 114.41m² 1,232 sq ft
Upper Ground Floor Sales 119.97m² 1,291 sq ft
Total Approximate GIA 234.38m2 2,523 sq ft
Total Site Area 0.16 Hectares 0.41 Acres

SERVICES

It is understood that the land and property are connected to mains electricity, gas, water and the mains drainage/sewerage system.

RATEABLE VALUE

The premises are assessed with a Rateable Value of £20,500. Prospective occupiers should check the exact rates payable with Cumberland Council – .

ENERGY PERFORMANCE CERTIFICATE

The unit is currently being re-assessed, further details available upon request.

LEASE DETAILS

The site is currently let to Alan Reay Car Sales at a rental of £13,780 per annum exclusive. The tenant is currently holding over but is committed to the site. The current lease in situ is a full repairing and insuring lease and is contracted inside of The Landlord & Tenant 1954 Act.

Alan Reay Var Sales is a family-run local used car and motorcycle dealership, who are a longstanding tenant on the site.

Additionally there is a digital advertising board on site which fronts onto the main roundabout. The advertising board generates an income of £4,500 per annum, with a potential reversionary rental.

The site therefore generates a total incoming of £18,280 per annum.

PROPOSAL

The site is available freehold (Title Number: CU165382) at a guide price of £295,000, reflecting a gross initial yield of 6.19%.

MONEY LAUNDERING LEGISLATION

Edwin Thompson is bound to comply with Anti-Money Laundering legislation including obtaining evidence of the identity and proof of address of potential buyers. Prior to an offer being accepted, interested parties will need to provide the requested evidence.

EASEMENTS, WAYLEAVES AND RIGHTS OF WAY

The land and property are sold subject to and with the benefit of all public and private rights of way, lights, drainage, cables, pylons or other easements, restrictions or obligations whether or not the same are described in these particulars of sale.

VAT

It is advised that the property is elected for VAT and therefore VAT is payable on top of the sale consideration.

LEGAL COSTS

Each party to bear their own legal costs in the preparation and settlement of the sale documentation together with any VAT thereon.

VIEWING

The property is available to view by prior appointment with the Carlisle/Kendal office of Edwin Thompson LLP. Contact:

Hugh Hodgson – H.
John Haley – J.
Ellie Oakley –

Tel -

IMPORTANT NOTICE

Edwin Thompson for themselves and for the Vendor of this property, whose Agents they are, give notice that:
1. The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, any offer or contract.
2. All descriptions, dimensions, plans, reference to condition and necessary conditions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to their correctness.
3. No person in the employment of Edwin Thompson has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Agents, nor into any contract on behalf of the Vendor.
4. No responsibility can be accepted for loss or expense incurred in viewing the property or in any other way in the event of the property being sold or withdrawn.
5. These particulars were prepared in June 2026.