Cornmarket, Unit 5
Penrith
About this property:
**SALE PRICE £139,000**
**NO VAT PAYABLE**
**MIXED INVESTMENT PROPERTY**
**FULLY LET & INCOME PRODUCING**
**LONG TERM TENANTS IN OCCUPATION**
5 Cornmarket is an attractive mid-terraced three storey property comprising a mixed use building.
The ground floor comprises a retail unit, currently occupied by a long established hair salon with basement, whilst the upper floors provide a self-contained large and spacious three bedroom flat.
TENANCY & LEASE
Ground Floor Commercial
Let to Unique Hair on a 6 year lease expiring on 4th December 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 landlord has confirmed the current tenant has been in occupation for 3 years and is very settled and sees this property as long-term accommodation
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.
Offers in the region of £139,000 are invited for the freehold investment.
VAT
We understand the property is not elected for VAT and VAT will not be payable on the sale price.
Terms: Freehold Investment For Sale: £139,000
Size: 0.00 m² (0 ft²)
Postcode: CA11 7DA
Ref:BB/5963
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