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Fallowfield Court 2 West Ln 5,953 sq ft 100% Let Retail Property Penrith CA11 7DJ £795 (£0.13/sq ft) 8.20% Net Initial Yield
Investment Highlights
- Fully let mixed use investment in very central location at rear of Great Dockrey
- Passing rent of £60,052.66 per annum including solar generation
- Includes two banks of income producing Solar PV panels with feed-in-tariffs
- Vat Free multi-let freehold town center investment
- Building Plot with lapsed planning permission for 3nr bedroom, 3 storey dwelling
- 18nr car parking spaces – separately let to a mix of tenants and private individuals
Executive Summary
The portfolio of properties is situated in Gloucester Yard in Penrith town centre to the rear of Great Dockray and Cornmarket. Penrith is an attractive and affluent market town situated at the north-eastern gateway to the Lake District and crossroads of the M6 motorway (Junction 40) providing access north and south and the A66 leading west into the Lakes and east to Scotch Corner and the A1(M).
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Office
Property Size
5,953 sq ft
Costar Property Class
C
Year Built
1970
Price
£795
Price per sq ft
£0.13
Yield
8.20%
NOI
£65
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.36
Total Plot Size
0.38 ac
Parking
18 Spaces (3.02 Spaces per 1,000 sq ft Leased)
Amenities
- Storage Space
- Smoke Detector
1 1
Nearby Major Retailers
1 of 7
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Fallowfield Court | 2 West Ln
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