4A Corney Square, Penrith

The property comprises a ground and first floor lock-up commercial unit forming part of an end-of-terrace building of traditional masonry construction beneath a pitched slate roof. The premises provide a retail/commercial frontage at ground floor level with additional accommodation and storage over the first floor. The accommodation is considered suitable for a range of occupiers, subject to any necessary planning consents.

4A Corney Square occupies a prominent position within Penrith town centre, fronting the one-way system at the edge of the town’s principal retail area and close to Middlegate. The surrounding area comprises a mixture of retail, office and other commercial occupiers. Penrith is an established market town situated approximately 30 miles south of Carlisle and provides excellent road communications via Junction 40 of the M6, together with the A6, A66 and A686. Penrith railway station provides regular services on the West Coast Main Line, with local and national bus services also available.

The property comprises the following approximate areas:

Ground Floor

Retail – 223 sq ft (21 sq m)

Staff/Office – 65 sq ft (6 sq m)

Toilet – 1WC

Kitchen – Stainless steel single sink unit.

First Floor 

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.

The Landlord will require a reasonable contribution towards its legal costs in drafting the new lease agreement.

The contribution for the 2026/27 financial year is: £1,090.

VAT is not payable in addition to the rent.

Please contact Walton Goodland on 01228 514199.