Development Sites for sale in Penrith

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RESIDENTIAL & RETAIL DEVELOPMENT OPPORTUNITY

Penrith, Cumbria, England

  • Freehold Price: £149,000
Seller Reference: MA1136
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Business Description
 
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Seller Reference: MA1136
Request Details
Business Description
• Grade II Listed former public house
• Planning consent for 2 retail shops and 5 residential flats
• Central position adjacent to New Squares shopping development
• Bustling edge of Lake District market town
• Potential for other uses, subject to planning

Location
Penrith is a market town located on the north east edge of the Lake District with a population of around 16,000 and catchment population of around 45,000. Major retailers in the town include Burtons, Argos, Morrison’s, B & Q, Booths, Sainsbury’s, Aldi, W H Smith, Boots and Sports Direct. The property overlooks Great Dockray, a mixed residential and retail area within the town centre with a central car park / market place. It also backs onto the New Squares shopping and residential development.

Description
The property comprises a substantial three storey stone buiding with a central atrium being a former public house which had letting accommodation and a managers flat.

Planning
Planning consent was granted on 28 January 2016 for conversion of the property to two retail units, three one bedroom and two two bedroom flats (application number 15/0682). Copies of the plans and documents can be obtained from the agents or downloaded from the Eden District Council website

Prospective purchasers or tenants should satisfy themselves that their proposed use complies with all planning regulations by making inquiries with the local planning authority.

Floor Areas
Proposed unit floor areas:

Sqm / Sqft

Shop 1... 38.8...418
Shop 2... 53.6...577
Flat 1...... 85.0...915
Flat 2.......43.5...468
Flat 3...... 38.9...418
Flat 4...... 54.7...589
Flat 5.......69.7...751

Courtesy: Manning Elliott (architects)

All references to areas and dimensions are deemed to be approximate.

Services
We are advised that mains water, electricity, gas and drainage are connected to the property. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

Tenure
Freehold.

Rates
Description in list: Public house and premises
Rateable Value: £17,500

The rateable value is not the rates payable and prospective tenants or purchasers should make their own inquiries with respect to the rating liability.
Tenure:
Freehold
Listed by:
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