LARGE TOWN CENTRE OFFICES WITH PARKING AND ALTERNATIVE USE - DEVELOPMENT POTENTIAL
- IDEALLY LOCATED AT FRINGE OF RETAIL CORE IN THRIVING EDGE OF LAKE DISTRICT MARKET TOWN
- CURRENTLY USED AS OFFICES BY SINGLE OCCUPIER WHO IS RELOCATING
- ESSENTIAL CAR PARKING FOR UP TO 10+ VEHICLES
- WITHIN WALKING DISTANCE OF PENRITH STATION (MAINLINE WEST COAST LONDON/GLASGOW/EDINBURGH) AND BUS STATION WITH SERVICES INTO LAKE DISTRICT
- NEARBY OCCUPIERS INCLUDE MORRISONS, BOOTHS, M&S FOOD AND SAINSBURY'S
- EXCELLENT COMMUNICATIONS AND ACCESSIBILITY VIA ROAD AND RAIL. JUNCTION 40 (M6) LEADING TO A66 (A1/M) AND APPROX. 18 MILES SOUTH OF CARLISLE
- REDEVELOPMENT OPPORTUNITY - CONVERSION AND POTENTIAL TO SPLIT, SUBJECT TO PLANNING
The property is located fronting the main one-way system along Duke Street, being situated at the northern fringe of Friargate. The area is mixed commercial and residential use with other occupiers including offices, surgery, retail and leisure. The building sits next to Church Mews and offers potential conversion opportunities for alternative use requirements.
The property comprises a 2-storey end-of-terrace building arranged as ground and first floor offices with extensive attic storage.
The building has been extended to the rear to provide an annexe following refurbishment of a former stable block. This provides additional office and staff accommodation, again over two levels. The property is of tradition stone construction with part-rendered exterior beneath a multi-pitch and slate-covered roof.
Internally, the space has been adapted over the years to provide both individual and open plan offices, but could easily be reconfigured for alternative use, subject to planning.
Outside, an archway at the southern end of the building provides access to a rear courtyard offering some parking with the main car park extending beyond the rear.
Office & Premises – £37,650
Interested parties should make their own enquiries of Eden District Council on 01768 817 817
The property is currently arranged and used as office accommodation but could suit a wide variety of alternative potential uses.
The area in which the property is located is generally a mixed use, however potentially interested parties are advised to contact Eden District Council in the first instance to discuss any proposals.
The property lies in the Central Penrith Conservation Area, but is not listed as being of architectural or historic importance.
An opportunity exists for either an owner occupier or investor/developer to acquire the property either for its own immediate use or alternatively for redevelopment/conversion. This could include splitting the building into different parts along with a change of use. Interested parties are advised to contact the Local Planning Authority regarding potential options.
VAT is not applicable and will not be charged on the sale price or rent.
The property comprises the following approximate areas:
Offices – 1,980 sq. ft. (184 sq. m.)
Offices – 2,347 sq. ft. (218 sq. m.)
Attic/Stores – 1,100 sq. ft. (102 sq. m.)
Parking at rear for approx. 10+ vehicles.
The property is available for sale freehold with the benefit of vacant possession.
Alternatively, our client will consider leasing the property for a term of years to be agreed.
Offers in the region of £375,000 for the freehold interest with the benefit of vacant possession.
Offers of £30,000 per annum to let the entire property, exclusive of business rates, VAT and all other outgoings.
The property has been assessed for energy performance and has an EPC rating of D95.
A copy of the certificate is attached, or alternatively, on the National Non-Domestic Government Database.
The property can be viewed at all times by clicking on the link below, or alternatively in person by prior appointment with the sole agents.
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Last updated: 6th September 2021 - 11:54 am