Property photos
Sold STC
Auction
Guide price
£95,000
Retail premises for sale
5 Cornmarket, Penrith, Cumbria CA11Local area information
Property location
Nearby amenities
- Brunswick School 0.2 miles
- Penrith (North Lakes) 0.2 miles
- St Catherine's Catholic Primary School 0.3 miles
- Langwathby 4.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
For sale by auction on Thursday, 18 Jul 2024 at 12:00
Venue: The Halston Hotel, 20-34 Warwick Road • CA1 1AB
Mixed use investment property - 13% gross yield
A three storey mixed use investment property comprising a ground floor retail unit currently occupied by a long established hair salon and a spacious three bedroomed flat on the upper floors.
The property is fully let producing an immediate income of £12,300 per annum (13% gross yield at guide price) and occupies a good location in Penrith town centre with easy access to the Lake District National Park and M6 motorway at junction 40.
What3words location ///joys.spans.flipper
Ground Floor Commercial
Let to Unique Hair on 6 year lease expiring 4 December 2026 at £7,200 pa
Upper Floors Residential
Let on a 6 month AST at a rent of £5,100pa
EPC Rating: C E
Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: The Halston Hotel, 20-34 Warwick Road • CA1 1AB
Mixed use investment property - 13% gross yield
A three storey mixed use investment property comprising a ground floor retail unit currently occupied by a long established hair salon and a spacious three bedroomed flat on the upper floors.
The property is fully let producing an immediate income of £12,300 per annum (13% gross yield at guide price) and occupies a good location in Penrith town centre with easy access to the Lake District National Park and M6 motorway at junction 40.
What3words location ///joys.spans.flipper
Ground Floor Commercial
Let to Unique Hair on 6 year lease expiring 4 December 2026 at £7,200 pa
Upper Floors Residential
Let on a 6 month AST at a rent of £5,100pa
EPC Rating: C E
Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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Listed by
Auction House Cumbria
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