Unit 8 The Gloucester Yard Penrith Cumbria CA11 7DU

£295,000

Size

1,521

Tenure

Freehold

EPC

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Parking

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Primary use
Dental care
Other use(s)
Other

Key features

  • A modern single-let freehold investment in Penrith, comprising an attached purpose-built dental practice.
  • Adjacent to Penrith’s Town Centre and the popular Cornmarket area of Penrith.
  • Unit 8 is let to My Dentist on a 5 year lease from September 2025 with a break at year 3 and at a rental of £22,750 per annum.
  • My Dentist has occupied Unit 8 for over 15 years demonstrating the strength of the location.
  • Extending to an approximate net internal area of 1,521 sq ft.
  • Offers invited at a guide price of £295,000 reflecting a gross initial yield of 7.50%.

Description

LOCATION

Unit 8 is situated in Gloucester Yard, just off Cornmarket, in Penrith Cumbria in the North West England.

Penrith is an attractive and affluent market town situated on the north east fringe of the Lake District. It is well located being on Junction 40 of the M6 providing direct access north and south and to the A66 which leads west to the Lake District National Park and east to Scotch Corner and the A1(M).

Penrith has a resident population of approximately 15,000 (2011 Census) and is located within Eden District with a District population of over 51,000. Carlisle is approximately 20 miles to the north, Kendal 32 miles to the south and Keswick 18 miles to the west. Penrith has a train station on the main West Coast Line with direct services north to Carlisle and Glasgow and South to London Euston with a journey time of around 3 hours.

Unit 8 is located on immediately to the north of Cornmarket in the heart of Penrith town centre occupying a prominent town centre location with direct access from Great Dockray.  There are a number of national and local retailers, cafes, food shops and professional users all within the immediate vicinity.  There are also a number of local pay and display car parks and disc zone areas.

DESCRIPTION

The property comprises an attached purpose-built dental practice arranged over lower ground, ground and first floor which is rendered and painted externally underneath a multi-pitched slate roof.

Internally, at lower ground floor is an open plan staff room, the ground floor consists of an entrance lobby, lift, reception, waiting area, surgery rooms, toilet facilities and office/decontamination rooms. At first floor there is a lift lobby area, further surgery room, waiting room, store and staff room.

The accommodation presents to a good standard throughout, providing well-appointed and bright space with modern fixtures and fittings.

Externally, there are 3 associated car parking spaces within the adject communal car park.

ACCOMMODATION

The property provides the following approximate net internal floor areas:

Unit 8 Gloucester Yard

Lower Ground Floor                                        10.17m2                       (109 sq ft)

Ground Floor                                                   98.48m2                       (1,060 sq ft)

First Floor                                                        32.61m2                       (351 sq ft)

Total Approximate Net Internal Area          141.26m2                     (1,520 sq ft)

SERVICES

It is understood that the property is connected to mains electricity, water and the mains drainage/sewerage system.

It should be noted that the services have not been tested and therefore prospective purchasers should make their own enquiries.

TENANCY/LEASE INFORMATION

The property is let to Whitecross Dental Care Limited T/a My Dentist (Company Number: 00244415) by way of a renewal lease. My Dentist is the UK’s largest dental care provider and has been in occupation for over 15 years.

The premises are let by way of a full repairing and insuring lease, for a term of 5 years from September 2025, with approximately 4 years unexpired term. The passing rental is 22,750 per annum exclusive and is subject to a break clause in September 2028.

A copy of the lease agreement can be provided upon application.

ENERGY PERFORMANCE CERTIFICATE

Unit 8 Gloucester Yard has an Energy Performance Rating of B30 and the certificate is valid until 11 March 2033.

A copy is available on application or to download from the Government’s online EPC database.

RATEABLE VALUE

It is understood from the VOA website that the property is assess for Rateable Value purposes as follows:

Unit 8 Gloucester Yard - £11,500 and is described as a surgery and premises.

TENURE

The property is held freehold with the extent shown red on the attached plan.

PROPOSAL

The property is offered freehold subject to the associated lease agreement, at a guide price of £295,000 exclusive.

Please note that the sellers are not obligated to accept the highest or any offer and are free to amend the details as they require without prior notice.

VAT

We are advised that VAT is not payable.

LEGAL COSTS

Each party to bear their own legal costs in the preparation and settlement of the sale documentation together with any VAT thereon.

VIEWING

The property is available to view strictly by appointment with Edwin Thompson, contact:

Joe Ellis – at our Windermere office.

Amelia Todd –  at our Windermere office.

IMPORTANT NOTICE

Edwin Thompson for themselves and for the Vendor/Landlord of this property, whose Agents they are, give notice that:

The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, any offer or contract.
All descriptions, dimensions, plans, reference to condition and necessary conditions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their correctness.
No person in the employment of Edwin Thompson has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Agents, nor into any contract on behalf of the Vendor.
No responsibility can be accepted for loss or expense incurred in viewing the property or in any other way in the event of the property being sold or withdrawn.
These particulars were prepared in September 2026.
Additional information
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Unit 8 The Gloucester Yard Penrith Cumbria CA11 7DU

NEAREST STATIONS

National Rail

Penrith Station

0.18 miles

National Rail

Langwathby Station

4.2 miles

About EDWIN THOMPSON PROPERTY SERVICES LIMITED, Windermere Office

EDWIN THOMPSON PROPERTY SERVICES LIMITED, Windermere Office

Founded in the English Lake District in 1880, Edwin Thompson now operate from eight offices in Northern England and the Scottish Borders - Berwick-upon-Tweed, Carlisle, Edinburgh, Galashiels, Keswick, Kendal, Newcastle and Windermere, as well as their original office in Keswick - with a client list ranging from major national companies , institutions and pension funds to smaller local companies and individuals, with interests throughout the UK.

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Disclaimer - Property reference N1079. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by EDWIN THOMPSON PROPERTY SERVICES LIMITED, Windermere Office . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.