TYPERetail, Mixed use, Other, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON19th July 2018
FREEHOLD INVESTMENT FULLY INCOME PRODUCING
Penrith is a popular market town on the fringe of the Lake District National Park adjacent to junction 40 of the M6 motorway.
Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino’s, Betfred and Vision Express.
The property comprises an attractive mid-terraced three storey mixed use building being sold as a freehold investment.
The ground floor comprises a retail lock up unit let to Unique Hair on a 9 year lease with effect from July 2017 and the upper floors provide a self-contained three bedroom flat currently let on a 6 month assured shorthold tenancy with effect from July 2018 . The combined rent totals £12,300 per annum.
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.