Shop to rent

LOCK UP RETAIL UNITS
Covered shopping arcade in centre of edge of Lakes market town. Units of varying sizes available.
To let on flexible terms with incentives and trial periods available.

LOCATION
Penrith is a market town located on the northern fringe of the Lake District National Park and has a population of around 15,000. It lies at the crossroads of the M6 motorway and the A66 trans-Pennine trunk road also having a Station on the west coast mainline which links London with Glasgow. Major retailers in the town include Woolworths, Burtons, Country Casuals, Argos, Safeways, B & Q, Aldi and Focus. Devonshire Arcade is situated in the centre of the town adjacent to The George Hotel, and Threshers Off Licence, with entrances from Devonshire Street, St Andrews Churchyard and Sandgate.

DESCRIPTION
Devonshire Arcade is an award winning refurbishment of a Victorian market hall with many of the original features retained creating an interesting and traditional covered shopping mall with up to thirty-five ground floor units and a Public Library on the first floor.
A glazed wrought iron canopy at the Devonshire Street entrance leads to the main mall and through to a central courtyard and food hall area with separate malls leading to the rear entrance and a parking and service yard and leading to an entrance from St Andrews Churchyard. The tenant mix includes food, clothing, crafts, cards and confectionery retailers. Individual units are lock-up with communal lavatories for traders. The Arcade is open from 8.30am to 5.30pm Monday to Saturday.

TENURE
Units are available on internal repairing and insuring leases for terms of 3 or 6 years with 3 year rent reviews. A service charge is payable, in addition to the rent, to cover the maintenance and upkeep of the common areas in the Arcade. Rents are payable quarterly in advance and quoted annually exclusive of all other outgoings.

For information on currently available units please contact our commercial department on 01768 862135.

STATUS
Prospective tenants will be selected on the basis that their proposed use is compatible with the tenant mix of the Arcade and will need to provide satisfactory references.

LEGAL COSTS
In-going tenants will be responsible for the landlord's reasonable legal costs in the preparation of the lease.

VAT
All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Any offer received by PF&K Commercial will be deemed exclusive of VAT.

VIEWING
Strictly by appointment with the sole agents, PF&K Commercial (Tel 01768 862135),
or alternatively via Martin Miranda (Tel 0171 415 5050). C1087/DCRY/22/10/04