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29 Warwick Rd
Carlisle CA1 1DH

Property For Lease

ASSIGNMENT HIGHLIGHTS

  • Located in a highly visible trading position for Carlisle city centre.
  • Carlisle train station is approximately less than 5 minutes walk away.
  • Established retailers close by include the popular Halston Hotel including Barton’s Yard and Penny Blue restaurant, Atelier, Nando's & Pizza Express.

PROPERTY FACTS

Property Type Retail
Property Subtype Storefront
Gross Leasable Area 749 SF
Year Built 1812

ABOUT THE PROPERTY

The building provides part of a three storey property of brick construction under a pitched slate roof. Genevieve offers a fantastic opportunity to acquire a long established trading retail business in the heart of Carlisle. Genevieve specialises in a unique shopping experience for special occasion wear for mother of the bride, groom and wedding guest clothing, as well as a selection of casual wear brands . Genevieve has been successfully operated by its current owner since the early 2000’s from 29 Warwick Road. The business offers exclusivity on many stocked brands throughout Cumbria including; Condici, Ispirato, Veni Infantino, Irrisistable, John Charles and Gill Harvey. The owner is now looking to sell due to retirement. Full accounts can be made available to genuinely interested parties, after viewing. Sales turnover is consistent year on year and has regularly been around the £200,000 mark. This level of turnover produces a healthy net profit annually for the owner. At the time of sale, February 2024, stock levels are high following the new collections arriving for spring-summer 2024. The business owner would be happy to facilitate a handover period on the acquisition. This would include passing on first hand experience when buying for the new seasons, introductions to the designers and fashion agents, running the business on a day to day basis, and advising on customer care and services. This is an extremely exciting and niche opportunity for a similar retailer to expand their current operation, or is an attractive proposition for a new party to take on this business and gain first hand experience of running Genevieve. Viewings are highly recommended to gain a better understanding of the opportunity on offer. SALE PRICE & TERMS Offers in the region of £150,000 are invited for the sale of the business, stock, fixtures & fittings, trade name and goodwill. The passing rent is £8,100 per annum exclusive. A new lease is directly available from the landlord. The property is located in the heart of the city on Warwick Road, close to The Crescent and adjacent to Lowther Street which is close to the intersection with Devonshire Street, in a popular mixed retail, and daytime and evening leisure area boasting numerous popular bars and restaurants. The new University of Cumbria campus, Borderland redevelopment of the Citadel Buildings and Carlisle Train Station is in the pipeline and due to commence shortly. This section of Warwick Road lies within close proximity to these developments. Carlisle train station is approximately less than 5 minutes walk away.

  • 24 Hour Access
  • Corner Lot
  • Storage Space
  • Listing ID: 30954704

  • Date on Market: 2/14/2024

  • Last Updated:

  • Address: 29 Warwick Rd, Carlisle CA1 1DH