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49-51 Burrowgate St 5,761 sq ft Retail Property Penrith CA11 7TA £275,000 (£47.73/sq ft)



Investment Highlights
- Long established retail premises in historic market town
- Commercial with residential potential for part or full redevelopment, STP
- Surrounded by well known George Hotel in popular location with multiple independent traders, pubs/bars
Executive Summary
The subject property comprises a part single, two and three storey terrace building with prominent ground and first floor sales areas plus a wealth of development potential. The property is long established in the heart of the town centre having traded for many years as a home lifestyle concept and furniture shop. Effectively split into two, the property comprises a main retail showroom section with prominent floor to ceiling windows (Nos. 49 & 50 Burrowgate). The adjoining No. 51 Burrowgate is interlinked and has a residential style frontage and interior requiring refurbishment. Located in the heart of Penrith within the town centre there is public on street parking to the front. The surrounding area is a mix of strong local independent and national retailers along with pub, café and restaurant premises in what is a vibrant mix.
Property Facts
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
5,761 sq ft
Costar Property Class
C
Year Built
1990
Price
£275,000
Price per sq ft
£47.73
Tenancy
Single
Number of Floors
3
Plot ratio
1.65
Total Plot Size
0.08 ac
Frontage
81 ft on Burrowgate
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Nearby Major Retailers
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49-51 Burrowgate St
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