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From
£70,000
Property for sale
Cornmarket, Penrith CA11Local area information
Property location
Nearby amenities
- Brunswick School 0.2 miles
- Penrith (North Lakes) 0.2 miles
- St Catherine's Catholic Primary School 0.3 miles
- Langwathby 4.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Penrith to find out more about the local area.
Features and description
- To be offered on Wednesday 5 November
- A mid terrace ground floor lock up shop
- Tenant trading as Dog Groomers on lease expiring 2032
- Total gia: 56 sq m (602 sq ft)
- VAT is not applicable to this property
- Situated in the heart of Penrith, with occupiers nearby including Domino’s, Betfred and more.
- Investment let at £8,500 per annum (12.1% giy on guide price).
Strapline
Auction Sale - 05/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
The property comprises a ground floor retail shop with ancillary accommodation at basement
Investment let at £8,500 per annum (12.1% giy on guide price).
Description
The property comprises a ground floor retail shop trading as a dog groomers with ancillary accommodation at basement
investment let at £8,500 per annum (12.1% giy on guide price).
Located in Penrith, Cumbria
Location
Penrith is a popular market town on the fringe of the Lake District National Park adjacent to junction 40 of the M6 motorway, and the A66 Trans Pennine Trunk Road interchange; has a railway station serving the main West Coast Line between London and Scotland. The town is 20 miles south of Carlisle and 28 miles north of Kendal, the nearest competitive retail centres. Penrith has a resident population circa 16,000 with a local authority catchment in the region of 50,000. Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino’s, Betfred and Vision Express.
Tenancy
5 Cornmarket
The property is let to an Individual t/a Dog Groomer for a term of 6 years 11 months from 9th May 2025 at current rent of £8,500 p.a. And the lease contains full repairing and insuring covenants. Review rent on 3rd anniversary linked to rpi with 1% collar and 3% cap per annum. Tenant has right to determine lease on 9th May 2027. Rent deposit is held of £2,125.
Accommodation
Ground Floor: 40 sq m (430 sq ft) Open plan retail, Storage, Kitchenette, WC
Basement: 16 sq m (172 sq ft) Open plan storage
Total: 56 sq m (602 sq ft)
Auction Sale - 05/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
The property comprises a ground floor retail shop with ancillary accommodation at basement
Investment let at £8,500 per annum (12.1% giy on guide price).
Description
The property comprises a ground floor retail shop trading as a dog groomers with ancillary accommodation at basement
investment let at £8,500 per annum (12.1% giy on guide price).
Located in Penrith, Cumbria
Location
Penrith is a popular market town on the fringe of the Lake District National Park adjacent to junction 40 of the M6 motorway, and the A66 Trans Pennine Trunk Road interchange; has a railway station serving the main West Coast Line between London and Scotland. The town is 20 miles south of Carlisle and 28 miles north of Kendal, the nearest competitive retail centres. Penrith has a resident population circa 16,000 with a local authority catchment in the region of 50,000. Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino’s, Betfred and Vision Express.
Tenancy
5 Cornmarket
The property is let to an Individual t/a Dog Groomer for a term of 6 years 11 months from 9th May 2025 at current rent of £8,500 p.a. And the lease contains full repairing and insuring covenants. Review rent on 3rd anniversary linked to rpi with 1% collar and 3% cap per annum. Tenant has right to determine lease on 9th May 2027. Rent deposit is held of £2,125.
Accommodation
Ground Floor: 40 sq m (430 sq ft) Open plan retail, Storage, Kitchenette, WC
Basement: 16 sq m (172 sq ft) Open plan storage
Total: 56 sq m (602 sq ft)
More information
Listed by
Savills - National Auctions
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