Retail premises to let in Middlegate, Penrith CA11

Retail Shop

• Sales area: 74.5 m2 (802 ft2)
• First floor storage accommodation
• Prime location in main shopping area
• Edge of Lake District market town
• Available from November 2024

Location
Penrith is a market town, situated just to the north-east of the Lake District National Park, with a population of around 15,000. Traditionally a farming area, the town also has local and regional businesses and tourist trade throughout the year. It is at J40 of the M6, which links with the west-east A66 trunk road, and 20 miles south of Carlisle and has a railway station on the West Coast Main Line. Local facilities include two secondary schools, a range of independent shops, pubs, cafes, a leisure centre and auction mart. Major retailers in the town include Argos, Peacocks, B&M, B&Q, Boots, Booths, Sainsburys, wh Smiths, Morrisons, Aldi and M&S Foodhall. The property is situated in a prime position on a main shopping street in the town centre.

Description
The property comprises a ground floor lock-up shop with display windows and first floor storage accommodation.

Accommodation & Floor Areas
Description
Frontage 5.24 m 17' 2"
Sales Depth 15.10 m 49' 6"
Net Sales Area 74.5 sqm 802 sqft
First floor Storage 28.8 sqm 310 sqft

All references to areas and dimensions are deemed to be approximate.

Services
We are advised that mains water, electricity, and drainage are connected to the property. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

Fixtures & Fittings
Any items in the nature of fixtures and fittings not referred to in these particulars are excluded.

Tenure
The property is offered on a new year lease for a term to be agreed. The tenant will be responsible for maintenance and repairs and outgoings including the buildings insurance premium which is arranged by the landlord.

A prospective tenant will need to complete a Tenancy Application Form and provide the necessary documents for approval by the landlord.

Rates
Description in list: Shop & premises
Rateable Value: £10,000

The property qualifies for 100% small business rates relief.

Energy Performance Certificate
Energy Rating: E. A copy of the EPC is available on our website.

Planning
Prospective purchasers or tenants should satisfy themselves that their proposed use complies with all planning regulations by making inquiries with the local planning authority, Westmorland & Furness. The property is N/A Listed and is in a No Conservation area.

Vat & Stamp Duty
All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Stamp duty is liable at the prevailing rates.

Finance
If you require financial assistance, we can refer you to a local professional who can advise on sources of finance and prepare a business plan which most lenders now require.

Legal Costs
The ingoing tenant will be expected to pay the landlord’s reasonable legal costs in connection with the lease.

Money Laundering Legislation
Estate Agents are obliged to obtain evidence of identity and proof of address of buyers and tenants to comply with Anti-Money Laundering Legislation, prior to acceptance of an offer.

Viewing
Strictly by appointment with the sole agents, Mere Commercial. Tel.