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PROPERTY SALES

PROPERTY LETTING

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LANDLORD & TENANT

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VALUATION

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BUSINESS RATES

Cornmarket, 5
Penrith

Investment for Sale — Retail
Status: Available

About this property:

FREEHOLD INVESTMENT FOR SALE
FULLY INCOME PRODUCING
ATTRACTIVE TOWN CENTRE PROPERTY
MIXED USE INVESTMENT

THE PROPERTY comprises a mid-terraced three storey mixed use building being sold as a freehold investment.

Ground Floor Commercial
Let to Unique Hair on a 9 year lease expiring July 2026 at a passing rent of 7,200 per annum exclusive.

Upper Floor Residential
Let on a 6 month assured shorthold tenancy at a rent of 5,100 per annum exclusive.

The combined rent for the property currently sits at 12,300 per annum however, there may be scope to increase the rental on the residential element.

INVESTMENT OPPORTUNITY
This is an attractive opportunity to acquire a fully let and income producing town centre mixed use premises in a desirable trading location in Penrith.

Terms: Offers above 165,000 are invited for the freehold interest.
Size: 0.00 m² (0 ft²)
Postcode: CA11 7DA
Ref:BB/5963