4 & 5 Market Square
PENRITH, Cumbria
For Sale 330 - 335 Sq Ft Sale: £250,000
- PRIME TOWN CENTRE LOCATION
- RENTAL INCOME OF £20,500 PA
- NO VAT PAYABLE ON PURCHASE PRICE
PROMINENT PENRITH LONG LEASEHOLD INVESTMENT OPPORTUNITY
Unit 4 comprises a ground floor commercial shop unit let to a local covenant, with an attractive glazed window frontage, currently operating as a café / coffee shop. The unit has the benefit of a rectangular shape and integral wc. The interior is modern and well fitted out.
Unit 5 also comprises a modern ground floor commercial shop unit let to a local covenant, with an attractive glazed window frontage, and is currently operating as a barber shop. The unit has the benefit of a rectangular shape recess access door and integral wc.
In the event of the units becoming vacant, due to their size, configuration and rates relief being attainable, they are likely to be attractive for similar uses and other local new start operators for re-occupation.
Penrith is a popular Cumbrian market town with a population of approximately 15,000 situated adjacent to the M6 motorway at Junction 40. The town is around 18 miles south of Carlisle. The boundary of the Lake District National Park is approximately 6 miles west, with the popular Lake District town of Keswick approximately 17 miles away from Penrith.
The popular Center Parcs Whinfell Forest resort lies a couple of miles outside the town to the east, along the A66.
The subject property is in a prime position for Penrith town centre and lies on the intersection of Market Square and King Street. Rear access is provided from St Andrews Churchyard.
Nearby occupiers include a number of national and private operators including: British Heart Foundation, J & J Graham, The George Hotel, Greggs, Strolling 4 Shoes, Fell Bar Penrith, and J.Cowper Chemists.
| Description | Sq Ft | Sq M |
|---|---|---|
| Unit 4 | 330 | 30.66 |
| Unit 5 | 335 | 31.12 |
| Total | 665.00 | 61.78 |
We understand mains water, electricity and drainage are connected to the property. Each unit has its own service meters.
The long leasehold investment is available FOR SALE at a sale price of £250,000