Town centre retail investment offering established rental income in Penrith. The property comprises a substantial three-storey retail premises extending to approximately 232.77–237 sqm and is let until 28 February 2031, generating £16,500 per annum. The combination of an existing tenancy, established rental income and central market town location presents an attractive opportunity for commercial property investors.
- Asking Price:
- £195,000
- Turnover:
- £16,500
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Freehold
- Lease Terms:
-
The property is let until 28 February 2031 and generates rental income of £16,500 per annum.
- Location:
-
Prominently situated in Penrith town centre, an established Cumbrian market town on the edge of the Lake District. The central location provides a well-positioned setting for retail occupation and investment.
- Premises Details:
-
Three-storey town centre retail property extending to approximately 232.77–237 sqm. The premises are currently occupied under an existing commercial tenancy.
- Size in square feet:
- 2,505 – 2,551 sqft
