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PROPERTY SALES

PROPERTY LETTING

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LANDLORD & TENANT

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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