• Ground floor retail shop (upper floors are separately owned flats)
• Sales area 37 sqm (397 sqft) plus wc
• Situated in good trading position in town centre
• Popular edge of Lake District market town
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 premises are located in an excellent position fronting King Street a main arterial road in the town centre close to an M&S Foodhall.
The property comprises the ground floor part of a three storey stone building. The accommodation includes a retail shop with display windows to the front and a WC.
Sales Area 37 Sqm (397 Sqft)
All references to areas and dimensions are deemed to be approximate.
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.
We are advised the property is freehold. The two flats above the shop are separately owned on 999 year leases. Insurance and external repairs are divided equally between the two flats and the ground floor shop. The roof has recently been reslated.
The owner may consider letting the shop to a suitable tenant.
Description in list: Shop & Premises
Rateable Value: £5,300
The property qualifies for 100% small business rates relief.
Fixtures & Fittings
Any items in the nature of fixtures and fittings not referred to in these particulars are excluded.
Prospective purchasers or tenants should satisfy themselves that their proposed use complies with all planning regulations by making inquiries with the local planning authority.
Vat & Stamp Duty
All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Stamp duty is liable at the prevailing rates.
If you require financial assistance, we can refer you to a local professional who can advise on sources of finance and prepare a business plan which most lenders now require.