5A/5 Cornmarket, Penrith, Cumbria, CA11
Size
840
Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
No floor / site plan
Description
Rental Income: £5,400 p.a.
Asset management opportunity, flat is under rented. ERV: £8,400 p.a.
VAT is NOT applicable to this property
Comprises 3-bedroom flat at first and second floor and a retail shop at ground floor (sold-off)
Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino`s, Betfred and Vision Express.
Property Description:
Comprises 3-bedroom flat arranged at first and second floor and a ground floor shop which has been sold-off on long leasehold, providing the following accommodation and dimensions:
Ground Floor Shop: Sold-off
First/Second Floor Flat: 78 sq m (840 sq ft)
3 bedrooms, kitchen/living room, bathroom
Tenancy:
The flat is at present let on AST to an Individual for a term of 6 Months from 3rd July 2020 (holding over) at a current rent of £5,400 p.a. Deposit held of £450.
The ground floor shop has been sold-off on long leasehold for a term of 999 Years from November 2024 at a ground rent of peppercorn.
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; has a railway station serving the main West Coast Line between London and Scotland. Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino`s, Betfred and Vision Express.
- Service charge
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- Business rates
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- Use class
- C3, E
- Listed building
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- Floors in building
- 2
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
5A/5 Cornmarket, Penrith, Cumbria, CA11
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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