Retail in Penrith available for sale
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Retail Properties for Sale in the Penrith, UK

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Explore the Latest Penrith Retail Properties for Sale

Including shops for sale, high street units, retail warehouses, petrol stations, showrooms, and leisure-focused retail spaces.

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More details for 10 Market Sq, Penrith - Retail for Sale

10 Market Sq

Penrith, CA11 7BY

  • Retail for Sale
  • £180,000
  • 1,070 sq ft
  • Smoke Detector

Penrith Retail for Sale

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.

Contact:

Walton Goodland Ltd

Property Subtype:

Bank

Date on Market:

04/12/2025
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More details for 1-2 Queen St, Penrith - Retail for Sale

1-2 Queen St

Penrith, CA11 7XE

  • Retail for Sale
  • £195,000
  • 2,551 sq ft
  • Security System
  • 24 Hour Access
  • Smoke Detector

Penrith Retail for Sale

The property comprises a three storey town centre retail shop. The property is located on Queen Street in the centre of Penrith. Nearby occupiers include Poppins, Save the Children and the Alhambra Cinema. Penrith is a market town, situated just to the north-east of the Lake District National Park, with a population of around 15,000. Traditionally a farming area, the town also has local and regional businesses and tourist trade throughout the year. It is at J40 of the M6, which links with the west-east A66 trunk road, and 20 miles south of Carlisle and has a railway station on the West Coast Main Line. Local facilities include two secondary schools, a range of independent shops, pubs, cafes, a leisure centre and auction mart. Major retailers in the town include Argos, Peacocks, B&M, B&Q, Boots, Booths, Sainsburys, WH Smiths, Morrisons, Aldi and M&S Foodhall. The property is situated in a prime position on a main shopping street in the town centre. The property has a ground floor retail sales area, with first and second floor storage and a staff WC on the first floor. The Salvation Army occupy the premises under a lease dated 20th February 2025 which commenced on 1st March 2025 and expires 28th February 2031. There is a tenant only break on 1st March 2028. The lease is on standard FRI terms, but is subject to a Schedule of Condition. Permitted use is as a retail shop within Use Class E(a)of the Town and Country Planning Use Classes Order 1987 (as amended at the date of grant).

Contact:

DGRE

Date on Market:

08/10/2025
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More details for 12 Devonshire St, Penrith - Retail for Sale

12 Devonshire St

Penrith, CA11 7SR

  • Retail for Sale
  • £110,000
  • 836 sq ft
  • 24 Hour Access

Penrith Retail for Sale

This Listed Building boasts  a convenient ground-floor entrance and offers 4 floors of office/working space and a cellar for storage. This property has recently been reroofed by the current owner. Step inside to discover the potential this property can offer. With the added bonus of being chain-free, this property is ready and waiting for its new business owners to make it their own. Situated in a sought-after area, with easy access to Penrith North Lakes Station for seamless travel connections.

Contacts:

Sandra Forster & Associates

DGRE

Property Subtype:

Shopfront

Date on Market:

21/02/2024
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More details for 55-57 Castlegate, Penrith - Retail for Sale

55-57 Castlegate

Penrith, CA11 7HY

  • Retail for Sale
  • £350,000
  • 4,377 sq ft

Penrith Retail for Sale

The property comprises a stone-built terrace commercial building on two floors plus an attic floor with retail areas on the ground floor and storage on the upper floors together with a substantial gravelled area of land to rear, currently used as a private car park for up to 26 cars. The property lends itself to commercial refurbishment or residential redevelopment, subject to planning consent.

Contact:

DGRE

Property Subtype:

Shopfront

Date on Market:

25/01/2022
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More details for Greenside Rd, Penrith - Retail for Sale

Travellers Rest - Greenside Rd

Penrith, CA11 0QQ

  • Retail for Sale
  • 1,674 sq ft

Penrith Retail for Sale - Glenridding

This is a unique opportunity to acquire a long term owned and well-established Lake District business on a freehold or leasehold basis. In addition, the opportunity carries a lot of potential to expand the business offering by potentially creating residential / holiday accommodation from some of the building under the former planning application Ref: 7/2016/3028, subject to re-activation.

Contact:

Carigiet Cowen

Property Subtype:

Bar

Date on Market:

01/12/2025
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More details for Carleton Mdws, Penrith - Retail for Sale

Carleton Mdws

Penrith, CA11 8FD

  • Retail for Sale
  • 1,238 sq ft
  • 24 Hour Access

Penrith Retail for Sale

The space compromises 1,238 sf of ground floor retail accommodation. Available on a letting of the ground floor unit may be considered at a quoting rent of £18,750 per annum exclusive. The ground floor unit is also for sale on a long leasehold basis. The quoting sale price will be available via the agent upon application. *** GROUND FLOOR COMMERCIAL PREMISES *** *** SUITABLE FOR A VARIETY OF USES *** *** DEDICATED CAR PARKING *** LONG LEASEHOLD FOR SALE (SALE PRICE PROVIDED UPON APPLICATION) QUOTING RENT: £18,750 PER ANNUM EXCLUSIVE Penrith is a popular Cumbrian market town with a population of approximately 15,000 situated adjacent to the M6 motorway at Junction 40. The town is approximately 18 miles south of Carlisle. The boundary of the Lake District National Park is approximately 6 miles west, with the popular Lake District town of Keswick approximately 17 miles away from Penrith. DESCRIPTION The ground floor unit is currently at the final stages of completion. Internally, the unit will be an open plan layout, finished to a shell condition, for the purchaser or tenant to fitout accordingly and benefits from parking and an accessible WC. The unit would be suitable for a variety of uses including; café, shop, beauty salon and dog groomers. AREAS Ground Floor Net Internal Area 1,238 sq ft (115.01 sq m) SERVICES We understand the property will be connected to mains electricity, water and the drainage system. RATEABLE VALUE Upon occupation the property will need to be assessed for business rates. Further information may be available from the local authority. SALE PRICE The ground floor unit is FOR SALE on a long leasehold basis. The quoting sale price will be available via the agent upon application. TERMS Alternatively, a letting of the ground floor unit may be considered at a quoting rent of £18,750 per annum exclusive.

Contact:

Carigiet Cowen

Property Subtype:

Shopfront

Date on Market:

18/10/2024
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LoopNet UK Cumbria Retail Properties For Sale in Penrith, UK

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FAQs about Retail property for sale in Penrith

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in Penrith?
There are currently 8 Retail Properties available for sale near Penrith. These Penrith Retail Property listings have an average size of 1,715 sq ft. The largest available listing in Penrith is 4,377 sq ft. The thriving commercial centre and excellent transport links in Penrith make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in Penrith?
The average price/SF for Retail Property for sale in Penrith is about £146. The cost per sq ft for Retail Property in Penrith ranges from £57 to £282, depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in Penrith?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from £57 to £282 per square foot. While the average net initial yield for Retail Properties is 8.20%.
What is the largest Retail Property available for sale in Penrith?
Currently, the largest Retail Property available to buy is 4,377 sq ft and the smallest is 665 sq ft. The average size of Retail Property available for sale in Penrith is approximately 1,715 sq ft.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the Penrith, UK

With 8 retail units currently available for sale in Penrith, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in Penrith, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in Penrith, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in Penrith can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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