55-57 Castlegate, Penrith, CA11 7HY
£79.89 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,381 sq ft
407 sq m
- SECTOR
Commercial development for sale
Key features
- Commercial property comprising former retail & showroom space with storage on upper floors.
- Rear land 779sqm used as surfaced car parking (26 cars)
- Prominent town centre location
- Would suit refurbishment or redevelopment
- Edge of Lake District market town
Description
The property at 55-57 Castlegate, Penrith, Cumbria, CA11 7HY, is situated in the heart of Penrith, a historic market town on the northeastern edge of the Lake District National Park. Castlegate is a prominent thoroughfare that connects the town centre to local landmarks, including Penrith Castle and the railway station.
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 lies in the 'narrows' on the main shopping street in the centre of Penrith providing an excellent retail or service position.
Description
This stone-built, three-story terraced building (including attic floor) comprises former retail & showroom space on the ground floor with the upper floors comprising former storage space.
The property is positioned in a highly visible location within the town centre, making it suitable for commercial refurbishment or residential redevelopment, subject to planning permission.
To the rear, there is a substantial gravelled plot of about 779 square meters, currently serving as a private car park accommodating up to 26 vehicles.
Tenure Comments
Freehold
VAT
All references to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Stamp Duty Land Tax is liable at the prevailing rates where appropriate.
Planning
A certificate of lawful use or development should be available for former retail use. Other uses would be subject to planning as appropriate.
Services
Understood to be connected to all mains services.
EPC Information
An EPC certificate has been commissioned.
Commercial property comprising former retail & showroom space with storage on upper floors.
Rear land 779sqm used as surfaced car parking (26 cars)
Prominent town centre location
Would suit refurbishment or redevelopment
Edge of Lake District market town
Brochures
55-57 Castlegate, Penrith, CA11 7HY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Penrith Station0.2 miles
- Langwathby Station4.2 miles
About DGRE, Stockton-On-Tees
Hampdon House, Falcon Court, Preston Farm Industrial Estate, Stockton-On-Tees, TS18 3TSNotes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call DGRE, Stockton-On-Tees on 01642 056998.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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