20 Middlegate, Penrith, CA11 7PG

Location

The property is located on Middlegate, one of the main roads in Penrith town centre. Nearby occupiers include Poppins, Save the Children and the Alhambra Cinema.

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.

Tenure Comments

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.

The premises are immediately available by way of a new full repairing and insuring lease at an initial rent of £15,000 per annum

VAT

All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise.

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 not Listed and is not is a Conservation area.

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.

Legal Costs

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

EPC Information

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