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FOR SALE MIXED USE FREEHOLD INVESTMENT PROPERTY - 5 CORNMARKET, PENRITH CA11 7DA

For sale: £195,000.00|Retail, Mixed use, Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£195,000.00
ADDRESS5 Cornmarket, CA11 7DA
TYPERetail, Mixed use, Other, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON19th July 2018

DESCRIPTION

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.

LOCATION

Location: 5 Cornmarket, CA11 7DA

Penrith (0.3 miles)

Langwathby (5.0 miles)

Lazonby & Kirkoswald (7.3 miles)

AGENT'S DETAILS

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