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4-5 Market Sq 665 SF Retail Condo Unit Offered at $333,098 in Penrith CA11 7AU
INVESTMENT HIGHLIGHTS
- Penrith is a popular Cumbrian market town with a population of approximately 15,000 situated adjacent to the M6 motorway at Junction 40.
- Nearby occupiers include a number of national and private operators including: British Heart Foundation, J & J Graham, The George Hotel & Greggs.
- The popular Center Parcs Whinfell Forest resort lies a couple of miles outside the town to the east, along the A66.
EXECUTIVE SUMMARY
The market town of Penrith is located in Cumbria, close to the Lake District National Park. The town is connected to the rest of the country by Junction 40 of the M6 motorway and the A6, A66 and A686 trunk routes. Public transport links are provided via the town’s railway station, which is on the West Coast Mainline and national coach services, as well as local bus routes. The property is located in the town centre of Penrith, within the main retail and business area. Market Square can be accessed from either King Street or Middlegate, which both form part of the A6 trunk route. The surrounding area is occupied by a mixture of local small business occupiers and some national companies.
PROPERTY FACTS
| Total Building Size | 665 SF | Typical Floor Size | 330 SF |
| Property Type | Office (Condo) | Year Built | 1885 |
| Building Class | C | Lot Size | 0.05 AC |
| Floors | 1 |
| Total Building Size | 665 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 330 SF |
| Year Built | 1885 |
| Lot Size | 0.05 AC |
AMENITIES
- Security System
- Energy Performance Rating - C
- Storage Space
1 UNIT AVAILABLE
Unit 4-5
| Unit Size | 665 SF | Sale Type | Investment |
| Price | $333,098 | Tenure | Long Leasehold |
| Price Per SF | $500.90 | Cap Rate | 8.20% |
| Condo Use | Retail | NOI | $27,314.03 |
| Unit Size | 665 SF |
| Price | $333,098 |
| Price Per SF | $500.90 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 8.20% |
| NOI | $27,314.03 |
DESCRIPTION
Unit 4 comprises a ground floor commercial shop unit let to a local covenant,
with an attractive glazed window frontage, currently operating as a café /
coffee shop. The unit has the benefit of a rectangular shape and integral
wc. The interior is modern and well fitted out.
Unit 5 also comprises a modern ground floor commercial shop unit let to a
local covenant, with an attractive glazed window frontage, and is currently
operating as a barber shop. The unit has the benefit of a rectangular shape
recess access door and integral wc.
SALE NOTES
The long leasehold investment is available FOR SALE at a sale price of
£250,000
Pic 7 with lines
Pic 8
Interior Photo
Interior Photo
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4-5 Market Sq
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