10 Market Square, Penrith

The subject property occupies a most prominent location in the very centre of the popular market town of Penrith being situated at the gateway to the northern Lake District. Penrith sits at the crossroads of the M6 (Jct 40) and the A66 arterial route leading to the A1/M1 in the east and the Lake District National Park, approx. 8 miles west.
Other occupiers include Benetton, HSBC, J & J Graham, Greggs, Boots and Costa Coffee along with a strong mix of local independent stores, cafes and bars. The George Hotel is opposite. There is a pull in lay-by to the front of the building.

An 18th century, mid-terrace, 3 storey, Grade II listed building in ashlar stone with timber shop front and single glazed 16-pane sliding sash windows across the upper floors beneath a pitch and slate roof. Internally the property is arranged as a banking counter across the ground floor with office/interview rooms to first floor along with staff, welfare and stores to both upper floor levels. The building extends over an adjoining archway which leads through to a small courtyard comprising access to Giannis Italian restaurant. There are both front and rear emergency exits but no external areas.

Mains electric, water and drainage are connected to the
property which also benefits from air conditioning. It is
stressed that none of the services or associated plant
has been tested.

The Rateable Value of the subject property is £12,250.

Interested parties should contact Westmorland & Furness
Council on www.westmorlandandfurness.gov.uk

The property benefits from an EPC Rating of C-63 and
an Air Conditioning Inspection Certificate.

The building is Grade II listed and lies within the central
Penrith Conservation Area. Surrounding uses include
retail, restaurant, banking, office, café and takeaway.

Interested parties can enquire of Westmorland &
Furness Council on www.westmorlandandfurness.gov.uk;
alternatively telephone: 0300 373 3300

The property comprises the following approximate areas:

Ground Floor

Retail banking counter: 9 m2 (315 ft2 )

Office: 6 m2 (61 ft2 )

lower ground; off banking counter 1st Floor Office/interview: 29 m2 (315 ft2 )

Kitchenette: 4 m2 (43 ft2 ) with stainless steel single drainage sink unit and base unit with brew point

Ladies toilet: 1wc & 1whb

Stairwell store cupboard: 2 m2 (19 ft2 )

2nd Floor Staff/kitchen: 15 m2 (166 ft2 )

with stainless steel single drainage sink unit with store off comprising server room of 2 m2 (18 ft2 )

Stores: 13 m2 (133 ft2 )

Gents toilet: 1 wc & 1 whb

Total Area: 100 m² (1,070 ft²)

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.

£180,000 for the freehold interest subject to the existing
lease to Santander dated 8 October 2024.

All prices are quoted exclusive of and are not liable to Vat.

Please refer all enquiries to Stephen Sewell:
t: 01228 514199
e: stephen@waltongoodland.com

Walton Goodland, 10 Lowther Street, Carlisle, CA3 8DA