49-51 Burrowgate, Penrith

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.

Mains water, drainage and electricity are connected to the property. None of the services or associated plant has been tested

The property has excellent potential for single or mixed use occupation/development including both commercial and residential. Some capital expenditure is required in parts to facilitate refurbishment. The building is well suited to a developer or owner occupier seeking an opportunity to purchase a property with plans to refurbish, split, redevelop and then let for alternative uses through effective asset management. Alternative uses include commercial office, retail and café/bar for example along with potential for residential, Airbnb, HMO, contractors accommodation or holiday cottage (51 Burrowgate) subject to planning.

The property extends, in part, over the front of the adjoining 48 Burrowgate (hair salon) at first floor level only. The property will be sold with vacant possession.

The property is situated within the Penrith Town Centre Conservation Area and is not a listed building.

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

The property comprises 100% site coverage and the following approximate areas:-

No. 49 Burrowgate

Ground Sales – 544 Sq. ft. (51 Sq. m.)

1st Floor Sales – 775 Sq. ft. (72 Sq. m.)

No. 50 Burrowgate

Ground Sales – 824 Sq. ft. (77 Sq. m.)

1st Floor Sales – 740 Sq. ft. (69 Sq. m.)

2nd Floor Sales – 758 Sq. ft. (70 Sq. m.)

No. 51 Burrowgate

Ground Floor – 412 Sq. ft. (38 Sq. m.)

1st Floor – 782 Sq. ft. (73 Sq. m.)

Total – 4,835 Sq. ft. (450 Sq. m.)

Offers in the region of £275,000.

The subject property is currently assessed for Business Rates as follows:-

49-51 Burrowgate = £29,250 (April 2026)

Note – Retail, Hospitality and Leisure Relief ends on 31 March 2026 and will be replaced by a new reduced Uniform Business Rate multiplier of £0.382.

Interested parties should access the Government website at www.gov.uk/find-business-rates for further information.

Vat is not applicable.

49-51 Burrowgate – C-64

Copies can be obtained from Walton Goodland or via the Government website at https://www.gov.uk/find-energy-certificate

All enquiries to Walton Goodland at: agency@waltongoodland.com