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10 Market Sq 1,070 sq ft Retail Property Penrith CA11 7BY £169,950 (£158.83/sq ft)
Investment Highlights
- Ground floor shop with banking counter, ATM and office
- Emergency exit/potential self contained access to upper floors
- Adjacent Angel Lane and Angel Square Shopping Centre
- Office/interview, staff, kitchen and welfare facilities across 1st and 2nd floors
- Well presented and in good order throughout with all parts in use by tenant
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
Property Size
1,070 sq ft
Costar Property Class
B
Year Built
1890
Price
£169,950
Price per sq ft
£158.83
Tenancy
Single
Number of Floors
3
Plot ratio
1.83
Total Plot Size
0.01 ac
Frontage
16 ft 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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