4 & 5 Market Square, PENRITH, Cumbria

Unit 4 comprises a ground floor commercial shop unit let to a local covenant, with an attractive glazed window frontage, currently operating as a café / coffee shop. The unit has the benefit of a rectangular shape and integral wc. The interior is modern and well fitted out.

Unit 5 also comprises a modern ground floor commercial shop unit let to a local covenant, with an attractive glazed window frontage, and is currently operating as a barber shop. The unit has the benefit of a rectangular shape recess access door and integral wc.

In the event of the units becoming vacant, due to their size, configuration and rates relief being attainable, they are likely to be attractive for similar uses and other local new start operators for re-occupation.

Location

Penrith is a popular Cumbrian market town with a population of approximately 15,000 situated adjacent to the M6 motorway at Junction 40. The town is around 18 miles south of Carlisle. The boundary of the Lake District National Park is approximately 6 miles west, with the popular Lake District town of Keswick approximately 17 miles away from Penrith.

The popular Center Parcs Whinfell Forest resort lies a couple of miles outside the town to the east, along the A66.

The subject property is in a prime position for Penrith town centre and lies on the intersection of Market Square and King Street. Rear access is provided from St Andrews Churchyard.
Nearby occupiers include a number of national and private operators including: British Heart Foundation, J & J Graham, The George Hotel, Greggs, Strolling 4 Shoes, Fell Bar Penrith, and J.Cowper Chemists.

Accommodation

This property has been measured on a Net Internal Area basis and extends to the following approximate areas:

Terms

The long leasehold investment is available FOR SALE at a sale price of £250,000

Services

We understand mains water, electricity and drainage are connected to the property. Each unit has its own service meters.

Business Rates

The Valuation Office Agency website describes the ground floor units as follows:
4 Market Square as Shop and premises with a 2023 RV Value of £8,800
5 Market Square as Hairdressers and premises with a 2023 RV of £7,500
The Small Business Non-Domestic multiplier for the 2025/2026 rate year is 49.9p in the £.

EPC

The property holds the following valid Energy Performance Asset ratings:
4 Market Place - C (74)
5 Market Place - C (58)

VAT

No VAT is payable on the sale price.