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5A Cornmarket, Penrith, Cumbria CA11 7DA

Key features

  • Rental Income: £5,400 p.a.
  • Gross Initial Yield: 8.31%
  • Comprises 3-bedroom flat at first, second and third floor
  • Flat under rented, ERV: £8,400 p.a. GIY: 12.92%
  • VAT is NOT applicable to this property

Description

Investment Consideration:
Gross Initial Yield: 8.31%
Rental Income: £5,400 p.a.
Asset management opportunity
Flat under rented, ERV: £8,400 p.a. GIY: 12.92%
VAT is NOT applicable to this property
Comprises 3-bedroom flat at first, second and third floor
Cornmarket has a good trading position in the town and benefits from a range of occupiers having a presence in the immediate vicinity including Domino`s, Betfred and Vision Express.

Property Description:
Comprises 3-bedroom flat arranged at first, second and third floor, providing the following accommodation and dimensions:
First/Second/Third Floor Flat: 78 sq m (840 sq ft)
3 bedrooms, kitchen/living room, bathroom

Tenancy:
The flat is at present let on a periodic tenancy to an Individual at a current rent of £5,400 p.a. Deposit held of £450.

Tenure:
Long leasehold. To be held on a 999 year lease from completion 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.

Brochures

Property Particulars
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
1st floor

Energy performance certificate - ask agent

5A Cornmarket, Penrith, Cumbria CA11 7DA

Approximate location
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Affordability

Monthly repayments£326
Property: £ 65,000
Deposit: £ 6,500
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

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.

Together, we unlock potential.

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Disclaimer - Property reference 5acornmarket. 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 Blue Alpine, London. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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