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5 Cornmarket, Penrith, Cumbria, CA11 7DA

Guide Price
£80,000
Auction House London, Hampstead
PROPERTY TYPE

Retail Property (high street)

SIZE

Ask agent

Description

Guide Price = £80,000+

**For Sale By Public Auction 29th July 2026 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**

A Lower Ground and Ground Floor Retail Unit Subject to a Lease Producing £8,500 Per Annum (Reflecting a Gross Initial Yield of 10.6%)

Tenure
Leasehold. The property will be held on a new 999 year lease from completion.

Location
The property is situated on a mixed use close to local shops and amenities. There are numerous open green spaces within easy reach. Transport links are provided by Penrith rail station.

Description
The property comprises a lower ground and ground floor retail unit situated in a mid terrace building arranged over ground and two upper floors.

Accommodation
Lower Ground Floor
Ancillary Space
G.I.A approximately 16 sq m

Ground Floor
Shop Area
Kitchenette
Storage Space
WC
G.I.A approximately 40 sq m

Tenancy
The property is subject to a lease for a term of 6 years 11 months commencing 9th May 2025 at a rent of £8,500 per annum.

EPC Rating
C

Viewing Appointments to be Confirmed

Brochures

Legal Documents

Energy Performance Certificates

EPC 1

5 Cornmarket, Penrith, Cumbria, CA11 7DA

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Penrith Station0.3 miles
  • Langwathby Station4.1 miles
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About Auction House London, Hampstead

5 Hampstead Gate, 1A Frognal, Hampstead, London, NW3 6AL
Industry affiliations:

Auction House London adopts a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers in the Greater London area.

We understand the importance of the internet in the modern era of selling property and therefore market all of our auction properties online in addition to using the traditional offline methods.

Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients.

With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 352229. 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 Auction House London, Hampstead. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House London, Hampstead on 020 3897 6030.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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