Carlton Lanes Shopping Centre in Castleford set to go under the hammer with £5m guide price

The centre will feature in Allsop's commercial auction tomorrow (Wednesday, November 11) as a substantial investment opportunity, with the 96,287 sq ft scheme already home to a host of well-known high street names.

The centre’s occupiers include Iceland, Ryman, Boots, Card Factory, Peacocks, Warren James, TUI, Hays Travel, 3 Store, Ramsdens, CEX and The Works.

The property generates £819,630 a year in current rent, according to the auction details, while around 19,031 sq ft of retail accommodation is currently vacant.

Carlton Lanes occupies a 4.25-acre site and comprises around 96,287 sq ft of retail accommodation.

It also comes with two town-centre car parks — one on Aire Street with 65 spaces and another on Bridge Street providing 126 spaces, giving a total of 191 parking spaces.

The property is situated on the south side of pedestrianised Carlton Street, close to Bridge Street and Station Road and adjacent to Castleford’s popular market.

With a £5m guide price, more than £819,000 of current annual rent and further vacant space to potentially bring back into use, Carlton Lanes is likely to attract attention from investors looking for a sizeable retail asset with both existing income and an element of upside.

The sale represents one of the more significant commercial property opportunities to come to the Castleford market in recent times.

For more information, visit the auction site here.