Retail Space FOR RENT in Carlisle, Cumbria

Property Description

The Lanes Shopping Centre – Premium Carlisle City Centre Retail Opportunity
The Lanes Shopping Centre is the city centre’s primary covered retail destination in Carlisle, Cumbria, spanning approximately 410,683 sq ft of modern retail and leisure space. Since opening in 1984 and expanding in 2000, the centre now supports over 60 high-profile units and anchors, benefiting from a central location, pedestrianised thoroughfares, and a 600-space multi-storey car park
Strategic city centre location just off the M6 (Junction 43) and within walking distance of Carlisle Central Station
Completely Retail
Strong tenant mix including Primark, Next, Superdrug, H&M, River Island, Costa Coffee, New Look and Deichmann
Serves a primary catchment of approximately 124,000 residents and extended regional catchment of over 330,000; annual footfall reaches around 11.5 million
Excellent accessibility with two main vehicular access routes leading into dedicated multi-storey parking, alongside pedestrian linkages to key public transport nodes
Availability & Pricing
Several high-visibility units are currently on the market, including:
Unit 53, Grapes Lane: 2,163 sq ft at £95,000 pa
Unit 51, Grapes Lane: 475 sq ft at £62,000 pa
Unit 2, East Tower Lane: 515 sq ft at £14,500 pa
Rates for other units are available upon request or upon application
For investors, the entire centre is advertised with a guide price of £15.7 million, reflecting a net initial yield of 11.6%, equating to a capital value of approximately £36 per sq ft
Location: As Carlisle’s dominant retail hub, it benefits from minimal competition locally and regional draw.
The balanced mix of national brands and convenience offers drives a robust shopping environment and consistent visitor activity.
Elite leasing yields and established rental income make this a compelling investment for investors and owner-occupiers alike.
If you are interested in leasing a unit or acquiring the asset outright, contact Fraser Bond for full access to floor plans, lease terms, service charge details, and introductions to the centre management team. Let us guide you in securing a strategic position in Carlisle’s premier retail destination.
Contact Fraser Bond for guided viewings, tailored financial analysis and dedicated guidance: