McDonald’s, 58/62 Scotch Street Carlisle, Cumbria CA3 8PN


McDONALD’S


Location Estimated Resident Population: 71,000 Miles: 57 miles west of Newcastle 96 miles south-east of Glasgow


Roads: A6, A7, A69, A595, M6


Position The property is located in a first class trading location on the pedestrianised Scotch Street, close to its junction with English Street in the heart of Carlisle City Centre. The property benefits from a return frontage to Rose Mary Lane and is positioned directly opposite The Lanes Shopping Centre. Further footflow is generated from the Eden Centre to the north of the subject property.


Nearby: House of Fraser, Marks & Spencer, British Home Stores, Next, New Look, Sports Direct, Starbucks,Waterstones, Costa Coffee and White Stuff


Present Accommodation (approximate areas) Floor


Accommodation


Ground First Second


Restaurant/Ancillary Restaurant/Ancillary Ancillary


Total Commercial Area


Description RESTAURANT arranged on the ground, first and second floors. The property benefits from restaurant accommodation on both the ground and first floors.


Tenure Freehold.


Tenant MCDONALD’S REAL ESTATE LLP (1)


Lease Term: 35 years from 25th March 1989 Basis: FRI Rent:


£140,000 per annum


Reviews: 2014 and 2019 Expiry: March 2024


VAT is applicable to this lot – please see Special Conditions of Sale


Net Internal Areas


197.88 sq m 241.54 sq m 114.27 sq m


553.69 sq m


(1) McDonald’s Real Estate LLP, for the year to 12/10, reported a turnover of £77.3 million, pre-tax profits of £5.85 million and net assets of £153.9 million. (Source: One Source One-Stop Report)


NB.The property is also subject to a lease on an electricity substation for a term of 99 years from 25th March 1989, determinable with 6 months’ notice by the tenant only, at no rent – please see legal documentation.


(2,130 sq ft) (2,600 sq ft) (1,230 sq ft)


(5,960 sq ft) Rent £140,000 pa


Prime Freehold Retail Investment in Attractive Cathedral City • Let to McDonald’s Real Estate LLP


• Lease expires March 2024 (No breaks)


• Prime trading location close to House of Fraser, Marks & Spencer and British Home Stores


• 30Working Day Completion available


The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Lawrence Graham LLP. t: 0207 759 6658. e: elizabeth.martin@lg-legal.com Ref: Ms E Martin.


65 Extract reproduced from 1998 Edition of the Goad Plan


Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.


SCOTCH STREET


LOT 56


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