Sold Prior | Lot 32

5 Cornmarket, Penrith, Cumbria CA11 7DA

Sold Prior

  • Mixed Use
  • 3 Bedrooms
  • Tenure: See Legal Pack

Call the team on 01228 510 552 for more information

Auction Date

Thu 18/07/2024

Auction Time


Auction 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.


See Legal Pack

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

Energy Efficiency Rating (EPC)

Current Rating C E


Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.


Bannister Bates Solicitors, Ref: Louise Bates, Tel: 01524 416300

Offered in association with

Carigiet Cowen

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.