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10 Market Sq 1,070 SF Retail Building Penrith CA11 7BY $232,394 ($217.19/SF)
Investment Highlights
- Prime central location
- Adjacent Angel Lane and Angel Square Shopping Centre
- Let to Santander on new 5 year FRI lease from 8 October 2024
Executive Summary
The property is freehold subject to a 5 year lease from 8 October 2024 on full repairing and insuring terms at a passing rent of £12,600 per annum which is not subject to review. The tenant has a break option at 7 October 2027 on 6 month’s prior written notice. The current permitted use is office and retail.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
1,070 SF
Building Class
B
Year Built
1890
Price
$232,394
Price Per SF
$217.19
Tenancy
Single
Building Height
3 Stories
Building FAR
1.83
Lot Size
0.01 AC
Frontage
16’ on Market Square
Amenities
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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10 Market Sq
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