Victory House, Victoria Viaduct, Carlisle
Cumbria, CA3 8EZ
Walton Goodlandstephen@waltongoodland.com 01228 514199 (Stephen Sewell dealing)
PRIME DEVELOPMENT/INVESTMENT OPPORTUNITY DIRECTLY OPPOSITE PROPOSED NEW UNIVERSITY OF CUMBRIA CITY CENTRE CAMPUS
- FREEHOLD MIXED USE DEVELOPMENT SITE OPPOSITE SCHEDULED £77.5M NEW UNIVERSITY CAMPUS (COMPLETING 2026)
- CURRENTLY VACANT ACROSS 6 FLOOR LEVELS
- PRIME OPPORTUNITY FOR DEVELOPMENT OF STUDENT ACCOMMODATION WITH MIXED COMMERCIAL SPACE IN THE HEART OF THE CITY
- RAILWAY STATION SCHEDULED TO UNDERGO £24M DEVELOPMENT
- GROUND FLOOR AT VICTORIA VIADUCT PART REFURBISHED FOR RETAIL/BISTRO/BAR USE
- ENCLOSED YARD SUITABLE FOR PARKING AND UNLOADING
The subject property occupies a prominent roadside location fronting on to Victoria Viaduct within 100m of Carlisle city centre pedestrianised core. Construction of the new flagship University of Cumbria city centre campus, situated opposite, is due to commence in 2023. Carlisle railway station is 200m south. Popular day and night time bistros and bars are located in the immediate vicinity along with a Tesco supermarket and M&S. Adjoining occupiers include Carvetii Interiors and Architects Plus. The property can be accessed on two separate levels adjoining the Lower Viaduct where private vehicle parking and unloading forms part of the freehold site. The Town Dyke Orchard public car park and Upper and Lower Viaduct Estate public car parks are approximately 200m away. Carlisle is a prominent regional town in the north of Cumbria serving as the administrative capital and principal population centre for the county and surrounding hinterland stretching through the Scottish Borders to the north, east to Northumberland and south into Lancashire drawing upon an extremely wide catchment area. The resident population is approx. 100,000 with a catchment of up to 150,000+ within a 30 minute drive time.
The subject property comprises a substantial 6 storey building with attached rear offshoot of traditional stone construction beneath a multi-pitch and slate covered roof.
The main street level access is from Victoria Viaduct which bridges the main West Coast railway lines as they enter Carlisle station. The street level frontage previously comprised two retail shop units which also extended above, below and to the rear across multiple floor levels. Parts of the property were in the process of conversion to restaurant/bar premises with works having taken place at significant cost when COVID struck.
Secondary access can be gained via the Lower Viaduct into a secure yard/compound which is ideally suited for parking, unloading and general servicing of the building. The lower levels of the property have been unused for many years and currently comprise basic storage space in anticipation of redevelopment. The entire property is currently vacant pending sale.
The property is a landmark building due to its height and scale and a sensitive conversion could provide unparalleled accommodation on a statement site.
The property is offered for sale, freehold with vacant possession as seen.
The plan attached shows the boundaries of the property which is compromised within two separate Titles (CU317632 and CU125716).
The property is considered suitable for a range of mixed commercial and residential uses, subject to all necessary planning consents and approvals being maintained.
Purchasers should satisfy themselves that the property can be used for their proposed use by making contact with the council.
Offers in the region of £675,000 for the freehold interest in the property.
To be confirmed.
The property presents a rare and unique opportunity for the conversion of a dominant building which stands directly opposite the site of the proposed new University of Cumbria campus development. The building is extremely well located being central to all city centre shops and amenities as well as rail and bus terminals.
The surrounding area benefits from numerous established independent bar/bistro venues with a Vue Cinema and additional night time entertainment venues nearby. The property lends itself to a vibrant mixed use scheme and in particular to student residences, apartments, hotel, leisure, café/bar, gym, restaurant and retail uses.
The proposed University development has already secured ring-fenced Government funding being the principal beneficiary, along with the redevelopment of Carlisle Railway Station, of the Borderlands Inclusive Growth Deal www.borderlandsgrowth.com comprising a £452 million regional investment programme jointly supported by the UK and Scottish governments and local partners. Various demolition works have already taken place and a principal contractor appointed in preparation for thecommencement of the University development.
The property comprises an approximate Gross Internal Area of 27,000 sq. ft. (2,508 sq. m.). However, a purchaser should rely on its own survey/inspection of the property to determine exact floor area calculations prior to acquisition.
All main services are connected to the property, including air conditioning units.
Interested parties are advised to make their own enquiries of the relevant utility authorities. No guarantee or warranty is provided that all of the services are in good working order and fully operational.
ENERGY PERFORMANCE CERTIFICATE (EPC)
The property is a development opportunity and is being sold on this basis. An EPC is not required.
Scheduled viewings can be arranged with bona-fide interested parties via prior appointment with Walton Goodland.
The property is being marketed on a confidential basis, please refer all enquiries to Stephen Sewell.
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Last updated: 11th May 2023 - 1:56 pm