4A Corney Square, Penrith – UNDER OFFER

Mid-terrace ground and first floor lock-up shop formally used as an art gallery.

The property is located fronting onto Corney Square in Penrith Town Centre adjacent to the main one way system at the edge of Middlegate.  Adjoining occupiers include office and retail premises.  Previously comprising art gallery the property is long established in a well known position.

The property comprises the following approximate areas:

Retail – 223 sq ft (21 sq m)

Staff/Office – 65 sq ft (6 sq m)

Toilet – 1WC

Kitchen – Stainless steel single sink unit.

Retail/Office – 211 sq ft (20 sq m)

The property has an EPC rating of C62.

Mains electricity, water and drainage are connected to the property.

Tenants are responsible for the payment of all utilities.

The property is currently rated with the adjacent property at 4 Corney Square. It would appear from the Valuation Office Rating that 4a accounts for approximately £2,448 of the combined rateable value.

The small business rates multiplier for 2025 is currently 49.9p in the pound.

It is recommended that prospective tenants make their own enquiries of the Valuation Office Agency at: www.voa.gov.uk.

From April 2017, if this is your only commercial property and the rateable value is below £12,000 you maybe entitled to business rates relief, subject to status.

£5,000 per annum, exclusive of business rates, VAT and all other outgoings.

A new lease for a term of years to be agreed on full repairing and insuring terms.

The Landlord requires the tenant to contribute towards their legal costs.

VAT is not payable in addition to the rent.

Please contact Walton Goodland on 01228 514199.