Guide price
£80,000
Retail premises for sale5 Cornmarket, Penrith, Cumbria CA11
EPC Rating: E
Just added
Auction
Leasehold
About this property
Guide Price = £80,000+
**For Sale By Public Auction 29th July 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Lower Ground and Ground Floor Retail Unit Subject to a Lease Producing £8,500 Per Annum (Reflecting a Gross Initial Yield of 10.6%)
Tenure
Leasehold. The property will be held on a new 999 year lease from completion.
Location
The property is situated on a mixed use close to local shops and amenities. There are numerous open green spaces within easy reach. Transport links are provided by Penrith rail station.
Description
The property comprises a lower ground and ground floor retail unit situated in a mid terrace building arranged over ground and two upper floors.
Accommodation
Lower Ground Floor
Ancillary Space
G.I.A approximately 16 sq m
Ground Floor
Shop Area
Kitchenette
Storage Space
WC
G.I.A approximately 40 sq m
Tenancy
The property is subject to a lease for a term of 6 years 11 months commencing 9th May 2025 at a rent of £8,500 per annum.
EPC Rating
C
Viewing Appointments to be Confirmed
**For Sale By Public Auction 29th July 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Lower Ground and Ground Floor Retail Unit Subject to a Lease Producing £8,500 Per Annum (Reflecting a Gross Initial Yield of 10.6%)
Tenure
Leasehold. The property will be held on a new 999 year lease from completion.
Location
The property is situated on a mixed use close to local shops and amenities. There are numerous open green spaces within easy reach. Transport links are provided by Penrith rail station.
Description
The property comprises a lower ground and ground floor retail unit situated in a mid terrace building arranged over ground and two upper floors.
Accommodation
Lower Ground Floor
Ancillary Space
G.I.A approximately 16 sq m
Ground Floor
Shop Area
Kitchenette
Storage Space
WC
G.I.A approximately 40 sq m
Tenancy
The property is subject to a lease for a term of 6 years 11 months commencing 9th May 2025 at a rent of £8,500 per annum.
EPC Rating
C
Viewing Appointments to be Confirmed
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Monthly repayment
£400 per month
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