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41 King St 3,500 sq ft 100% Let Retail Property Penrith CA11 7AY £775,000 (£221.43/sq ft) 9.03% Net Initial Yield
Investment Highlights
- Occupiers within the vicinity include a variety of national and local occupiers including NatWest, Greggs and Newcastle Building Society.
- The property is located within the town centre fronting King Street, close to the intersection of Devonshire street along from the main Market Sq.
- The town has a railway station serving the main West Coast Line between London and Scotland.
Executive Summary
*FREEHOLD INVESTMENT*
*AVERAGE RENTAL INCOME AROUND £70,000 PER ANNUM*
*TOWN CENTRE LOCATION*
*MIXED COMMERCIAL AND RESIDENTIAL*
*SALE PRICE: £775,000*
FOR A FULL DESCRIPTION CLICK ONTO OUR MARKETING PARTICULARS
*AVERAGE RENTAL INCOME AROUND £70,000 PER ANNUM*
*TOWN CENTRE LOCATION*
*MIXED COMMERCIAL AND RESIDENTIAL*
*SALE PRICE: £775,000*
FOR A FULL DESCRIPTION CLICK ONTO OUR MARKETING PARTICULARS
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
3,500 sq ft
Costar Property Class
B
Year Built
1850
Price
£775,000
Price per sq ft
£221.43
Yield
9.03%
NOI
£70,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.42
Total Plot Size
0.06 ac
Frontage
32 ft on King Street
Amenities
- 24 Hour Access
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Nearby Major Retailers
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Photos
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41 King St
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