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5 Cornmarket
430 SF Retail Building Penrith CA11 7DA £85,000 (£198/SF)
Executive Summary
Vacant possession
ERV: £8,500 p.a. GIY: 10.00%
VAT is NOT applicable to this property
Comprises ground floor retail shop with rear exit and ancillary accommodation at basement
Suitable for variety of uses (Class E)
Situated in the heart of Penrith, with occupiers nearby including Domino`s, Betfred, Vision Express and more.
Property Description:
Comprises ground floor retail shop, suitable for variety of uses (Class E), providing the following accommodation and dimensions:
Ground Floor: 40 sq m (430 sq ft)
open plan retail, storage, kitchenette, wc
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location:
Penrith is a popular market town on the fringe of the Lake District National Park adjacent to junction 40 of the M6 motorway, and the A66 Trans Pennine Trunk Road interchange; has a railway station serving the main West Coast Line between London and Scotland. The town is 20 miles south of Carlisle and 28 miles north of Kendal, the nearest competitive retail centres. Penrith has a resident population circa 16,000 with a local authority catchment in the region of 50,000. Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino`s, Betfred and Vision Express.
Property Facts
Amenities
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Property Features: Comprises ground floor retail shop VAT is NOT applicable to this property Available on a new lease with flexible terms Situated in the heart of Penrith, with occupiers nearby including Domino’s, Betfred, Vision Express and more. Property Description: Comprises ground floor retail shop, suitable for variety of uses (Class E), providing the following accommodation and dimensions: Ground Floor: 40 sq m (430 sq ft) Open plan retail, Storage, Kitchenette, WC Terms: Available on a new lease with terms to be agreed by negotiation Rent: £163.46 per week (PCM: £708.33) (Per Annum: £8,500) Deposit: £2,125 (3 Months) Rateable Value: Rateable Value - £4,150 p.a. Rates Payable - £0* *Note - Small business rates relief available (subject to terms) EPC: The property benefits from a C Rating. Certificate and further details available on request. Location: Penrith is a popular market town on the fringe of the Lake District National Park adjacent to junction 40 of the M6 motorway, and the A66 Trans Pennine Trunk Road interchange; has a railway station serving the main West Coast Line between London and Scotland. The town is 20 miles south of Carlisle and 28 miles north of Kendal, the nearest competitive retail centres. Penrith has a resident population circa 16,000 with a local authority catchment in the region of 50,000. Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino’s, Betfred and Vision Express. For identification purposes only the property is shown circled blue on the location plan attached overleaf.
| Space | Size | Space Use | Position | Available |
| Ground | 430 SF | Retail | - | Now |
Ground
| Size |
| 430 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Ground
| Size | 430 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Property Features: Comprises ground floor retail shop VAT is NOT applicable to this property Available on a new lease with flexible terms Situated in the heart of Penrith, with occupiers nearby including Domino’s, Betfred, Vision Express and more. Property Description: Comprises ground floor retail shop, suitable for variety of uses (Class E), providing the following accommodation and dimensions: Ground Floor: 40 sq m (430 sq ft) Open plan retail, Storage, Kitchenette, WC Terms: Available on a new lease with terms to be agreed by negotiation Rent: £163.46 per week (PCM: £708.33) (Per Annum: £8,500) Deposit: £2,125 (3 Months) Rateable Value: Rateable Value - £4,150 p.a. Rates Payable - £0* *Note - Small business rates relief available (subject to terms) EPC: The property benefits from a C Rating. Certificate and further details available on request. Location: Penrith is a popular market town on the fringe of the Lake District National Park adjacent to junction 40 of the M6 motorway, and the A66 Trans Pennine Trunk Road interchange; has a railway station serving the main West Coast Line between London and Scotland. The town is 20 miles south of Carlisle and 28 miles north of Kendal, the nearest competitive retail centres. Penrith has a resident population circa 16,000 with a local authority catchment in the region of 50,000. Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino’s, Betfred and Vision Express. For identification purposes only the property is shown circled blue on the location plan attached overleaf.
-
Joseph Bachman -
Blue Alpine Partners Ltd
Presented by
5 Cornmarket
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