Property photos
Just added
Guide price
£695,000
(£129.51/sq. ft)
Industrial for sale
Devonshire Street, Carlisle CA135,366 sq. ft
Local area information
Property location
Nearby amenities
- St Joseph's Catholic Primary School 0.1 miles
- Fairfield Primary School 0.1 miles
- Maryport 6.2 miles
- Flimby 6.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Cockermouth to find out more about the local area.
Features and description
Investment for sale
18 – 22 Devonshire Street, Carlisle, Cumbria, CA3 8LP
• Mixed commercial & residential investment opportunity within Carlisle City Centre.
• 5 floors of accommodation totalling 498.56m2 (5,366 sq ft)
• Total income - £66,100 per annum
• For Sale - £695,000 exclusive.
Location
Devonshire Street has just undergone a multi-million pound refurbishment, transforming the area with outdoor seating, street furniture, trees, planting and cycle parking. This has created a high quality environment for the businesses, residents and visitors to Devonshire Street. The street is home to a number of local successful bars, restaurants and professional services, in addition to national operators such as Greggs, Pizza Express, Santander and the Cumberland Building Society.
The subject property is in close proximity to the proposed Carlisle Citadels project, which will create a new landmark campus in the centre of the city by 2026, resulting in further footfall within the city centre.
The City of Carlisle has a residential population of 75,000, a wider city population of around 108,000. Carlisle has a further estimated catchment population of 235,000 and benefits from Carlisle Train Station which is approximately 0.1 miles to the south of the subject property. As well as being the dominant shopping location, it is also the administrative centre in Cumbria and the Borders.
Description
18 – 22 Devonshire Street comprises a traditional Georgian four storey, mixed use, mid-terrace building with basement floor and is constructed from solid stone. The property provides two floors of commercial accommodation, to the ground floor and basement. The residential element is to the first, second and third floors, provide 6 individual flats that are all fully occupied. The self-contained flats are largely similar with their configuration and good presentation.
The commercial element of the building is occupied by ‘Skool’ a popular bar in the city. The property’s ground floor has a glazed frontage onto Devonshire Street which is accessible for wheelchair users. The glazed frontage is surrounded by wooden panelling which provides an attractive façade. The ground floor has two significant commercial areas, a kitchen, office and disabled WC to the rear of the property. The basement has a large open commercial spaces, with a kitchen, bar area, storage room and male and female WC’s.
The property is understood to have been refurbished in around 2014, including sound proofing between floors and quality secondary glazing to the north/front facing windows and replacement UPVC double glazed windows to the south/rear facing windows.
Accommodation
It is understood that the premises provide the following approximate measurements:
Basement 120.48m2(1,297 sq ft)
Ground Floor 123.85m2 (1,333 sq ft)
First Floor 117.17m2 (1,261 sq ft)
Second Floor 116.21m2 (1,251 sq ft)
Third Floor 120.85m2 (1,301 sq ft)
Total Approximate Area 498.56m2 (5,366 sq ft)
Opportunity
In terms of the commercial element, the tenant recently signed a new Fri lease for a term of 10 years from 6th January 2025. A rental of £26,500 per annum exclusive has been agreed, with a rent review and break clause on the fifth anniversary of the term.
The residential element has an income of £39,500 per annum for the 6 flats. The landlord currently has an arrangement with the letting agent who manages the residential element and lettings, taking a percentage of the income. Through this agreement the landlord receives a certain £28,800 per annum. This arrangement can be continued by the prospective purchaser if they wish.
Taking into account both the commercial and residential element, the total income for the property is £66,100 per annum, which reflects a net initial yield of 9.03%.
Proposal
The investment opportunity is available for sale at a Guide Price of £695,000 exclusive.
Services
It is understood that the property has mains supplies of electricity, gas and water and is connected to the mains drainage and sewerage systems.
VAT
All figures quoted are exclusive of VAT where applicable.
Rateable value / council tax
It is understood from the voa website that the commercial element has a Rateable Value of £24,750.
The residential accommodation is rated as a Council Tax Band A.
Energy performance certificate
Copies of the Energy Performance Certificates for the opportunity are available upon request.
Legal costs
Each party is to bear their own legal costs in the preparation and settlement of the lease documentation together with any VAT thereon.
Viewing
The property is available to view by prior appointment with the Carlisle office of Edwin Thompson llp. Contact:
Hugh Hodgson –
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 July 2025.
18 – 22 Devonshire Street, Carlisle, Cumbria, CA3 8LP
• Mixed commercial & residential investment opportunity within Carlisle City Centre.
• 5 floors of accommodation totalling 498.56m2 (5,366 sq ft)
• Total income - £66,100 per annum
• For Sale - £695,000 exclusive.
Location
Devonshire Street has just undergone a multi-million pound refurbishment, transforming the area with outdoor seating, street furniture, trees, planting and cycle parking. This has created a high quality environment for the businesses, residents and visitors to Devonshire Street. The street is home to a number of local successful bars, restaurants and professional services, in addition to national operators such as Greggs, Pizza Express, Santander and the Cumberland Building Society.
The subject property is in close proximity to the proposed Carlisle Citadels project, which will create a new landmark campus in the centre of the city by 2026, resulting in further footfall within the city centre.
The City of Carlisle has a residential population of 75,000, a wider city population of around 108,000. Carlisle has a further estimated catchment population of 235,000 and benefits from Carlisle Train Station which is approximately 0.1 miles to the south of the subject property. As well as being the dominant shopping location, it is also the administrative centre in Cumbria and the Borders.
Description
18 – 22 Devonshire Street comprises a traditional Georgian four storey, mixed use, mid-terrace building with basement floor and is constructed from solid stone. The property provides two floors of commercial accommodation, to the ground floor and basement. The residential element is to the first, second and third floors, provide 6 individual flats that are all fully occupied. The self-contained flats are largely similar with their configuration and good presentation.
The commercial element of the building is occupied by ‘Skool’ a popular bar in the city. The property’s ground floor has a glazed frontage onto Devonshire Street which is accessible for wheelchair users. The glazed frontage is surrounded by wooden panelling which provides an attractive façade. The ground floor has two significant commercial areas, a kitchen, office and disabled WC to the rear of the property. The basement has a large open commercial spaces, with a kitchen, bar area, storage room and male and female WC’s.
The property is understood to have been refurbished in around 2014, including sound proofing between floors and quality secondary glazing to the north/front facing windows and replacement UPVC double glazed windows to the south/rear facing windows.
Accommodation
It is understood that the premises provide the following approximate measurements:
Basement 120.48m2(1,297 sq ft)
Ground Floor 123.85m2 (1,333 sq ft)
First Floor 117.17m2 (1,261 sq ft)
Second Floor 116.21m2 (1,251 sq ft)
Third Floor 120.85m2 (1,301 sq ft)
Total Approximate Area 498.56m2 (5,366 sq ft)
Opportunity
In terms of the commercial element, the tenant recently signed a new Fri lease for a term of 10 years from 6th January 2025. A rental of £26,500 per annum exclusive has been agreed, with a rent review and break clause on the fifth anniversary of the term.
The residential element has an income of £39,500 per annum for the 6 flats. The landlord currently has an arrangement with the letting agent who manages the residential element and lettings, taking a percentage of the income. Through this agreement the landlord receives a certain £28,800 per annum. This arrangement can be continued by the prospective purchaser if they wish.
Taking into account both the commercial and residential element, the total income for the property is £66,100 per annum, which reflects a net initial yield of 9.03%.
Proposal
The investment opportunity is available for sale at a Guide Price of £695,000 exclusive.
Services
It is understood that the property has mains supplies of electricity, gas and water and is connected to the mains drainage and sewerage systems.
VAT
All figures quoted are exclusive of VAT where applicable.
Rateable value / council tax
It is understood from the voa website that the commercial element has a Rateable Value of £24,750.
The residential accommodation is rated as a Council Tax Band A.
Energy performance certificate
Copies of the Energy Performance Certificates for the opportunity are available upon request.
Legal costs
Each party is to bear their own legal costs in the preparation and settlement of the lease documentation together with any VAT thereon.
Viewing
The property is available to view by prior appointment with the Carlisle office of Edwin Thompson llp. Contact:
Hugh Hodgson –
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 July 2025.
More information
Listed by
Edwin Thompson
View agent properties.jpeg){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Edwin Thompson. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Edwin Thompson for full details and further information.