New Squares Shopping Centre, Penrith
£46.78 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,848 sq ft
357 sq m
- SECTOR
High street retail property to lease
Lease details
- Lease available date:
- Ask agent
Description
The unit comprises a shell condition two storey unit with an attractive display double frontage. The unit is suitable for a variety of retail uses, offices and small showroom.
Location
Penrith is a popular market town on the fringe of the Lake District National Park adjacent to junction 40 of the M6 motorway, and the A66 Trans Pennine Trunk Road interchange. The town has a railway station serving the main West Coast Line between London and Scotland.
Penrith is 20 miles south of Carlisle and 28 miles north of Kendal, the nearest competitive retail centres. Penrith has a resident population circa 16,000 with a local authority catchment in the region of 50,000.
The property lies within the Penrith New Squares Shopping Centre, anchored by the Sainsbury's superstore which currently offers 3 hours free parking daily.
Accommodation
This property has been measured on a Net Internal Area basis and extends to the following approximate areas:
Terms
Unit H1: Available from £15,000 per annum exclusive.
Services
Mains water, electricity and drainage are connected to the property.
Business Rates
The Valuation Office Agency website describes the property as Shop and Premises with a 2023 List Rateable Value of £24,750. The Small Business Non-Domestic multiplier for the 2025/2026 rate year is 49.9p in the £.
EPC
The property has an EPC rating of C-69.
VAT
The property is elected for VAT and VAT will be payable on the rent and other outgoings.
New Squares Shopping Centre, Penrith
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Penrith Station0.3 miles
- Langwathby Station4.2 miles
About Carigiet Cowen Limited, Carlisle
Suite 2, Telford House Riverside View, Warwick Road, Carlisle, CA1 2BTNotes
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