Gloucester Yard, Great Dockray, Penrith

The portfolio of properties is situated in Gloucester Yard in Penrith town centre to the rear of Great Dockray and Cornmarket. Penrith is an attractive and affluent market town situated at the north-eastern gateway to the Lake District and crossroads of the M6 motorway (Junction 40) providing access north and south and the A66 leading west into the Lakes and east to Scotch Corner and the A1(M).

Carlisle is approximately 20 miles to the north, Kendal 32 miles to the south and Keswick 18 miles to the west. Penrith has a train station on the main West Coast Line with direct services north to Carlisle and Glasgow and south to London with a journey time of around 3 hours.

The property benefits from direct access to Great Dockray where there are a number of national and local retailers, cafes, food shops and professional users within the immediate vicinity along with pay and display and disc zone parking areas. The Gloucester Yard portfolio comprises of five small lock up commercial/trade storage units, a dentist, cleaning company, hair salon, first floor flat with ground floor storage unit, a residential building plot and 18nr car parking spaces all arranged in an attractive courtyard setting.

The buildings are typically of traditional sandstone construction beneath mono and pitch slate roofs. The accommodation comprising the dental practice, cleaning company and some stores is of modern build construction with a rendered finish and some sandstone detailing. Surrounding walkways are generally paved with a mix of tarmacadam.

The property is edged red on the plan with numbers corresponding to the approximate location of each individual unit for reference purposes.

Mains services including electricity, water and drainage are connected to the property. We understand there is one single mains water supply which is shared between Units 2, 3, 5, 6, 8 and 10 with Unit 8 (My Dentist) responsible for the biggest contribution. Units 2-10 are all separately metered for electricity. There is no gas.

Note, none of the services or associated plant has been tested and prospective purchasers should make their own enquiries.

The property is held freehold subject to the various occupational leases, tenancies and parking arrangements.

There are various potential asset management opportunities within the portfolio to increase income particularly where private individual tenants have been Occupying storage and parking spaces at the same rents for a long time. Further opportunities to extend, review and/or renew tenancy/lease agreements will subsequently arise in the short to medium term offering potential for rental growth and further term certainty.

The subject property is currently assessed for Business Rates as follows (£ per annum):

Unit 1 Store & Premises: Not Assessed

Unit 2 Flat: Council Tax – Band A

Unit 3 Store & Premises: £1,350 rising to £1,525 (April 2026)

Unit 4 Workshop & Premises: £1,250 rising to £1,425 (April 2026)

Unit 5 Store & Premises: £1,075 rising to £1,225 (April 2026)

Unit 6 Office & Premises: £8,600 rising to £9,100 (April 2026)

Unit 7: Store & Premises: Not Assessed

Unit 8: Surgery & Premises: £10,250 rising to £11,500 (April 2026)

Unit 9: Workshop & Premises: £1,200 rising to £1,375 (April 2026)

Unit 10: Office & Premises: £5,600 rising to £5,900 (April 2026)

Car Parking: £1,525 rising to £2,500 (April 2026)

Interested parties should access the Government website at www.gov.uk/find-business-rates for further information. All of the above Rateable Values fall below the Small Business Rates Relief threshold of £12,000 enabling tenants to potentially occupy rates free, subject to individual circumstances.

The table below sets out the following approximate Gross Internal Areas. Note – not all have been measured by the selling agents. We recommend interested parties make their own investigations if so required.

Unit 1 & 2: Ground floor store & first floor flat

2 x bedroom flat GF: 495 Sq ft (46 Sq m)

Flat: 640 Sq ft (60 Sq m)

Unit 3: Commercial ground floor lock up store

Single pedestrian door access 301 Sq ft (28 Sq m)

Unit 4: Commercial ground floor lock up store

Single pedestrian door access 312 Sq ft (29 Sq m)

Unit 5: Commercial ground floor lock up store

Single pedestrian door access 291 Sq ft (27 Sq m)

Unit 6: Hair salon arranged over ground & first floor levels

Attractive sandstone building

with open plan first floor salon 1,098 Sq ft (102 Sq m)

Unit 7: Commercial ground floor lock up store

Single pedestrian door access 291 Sq ft (27 Sq m)

Unit 8: Purpose built dental practice extending across four floor levels

Mix of surgery, office, welfare and waiting facilities with lift; includes 3nr parking spaces 1,518 Sq ft (141 Sq m)

Unit 9: Commercial ground floor lock up store

Single pedestrian door access 280 Sq ft (26 Sq m)

Unit 10: Well appointed retail / commercial premises

Over three levels and facing towards Great Dockray 872 Sq ft (81 Sq m)

Total: 5,953 Sq ft (553 Sq m)

Car Parking: 18 spaces

Building Plot: Single plot with lapsed permission for 3 x bedroom house 121 Sq m site area

Electric Substation: Let to Electricity Northwest

Solar PV: Two banks of Solar – installed at different times, above Units 2 & 6

For the full Tenancy Schedule please see the attached brochure.

There are various The property is not specifically designated within the legacy Eden Local Plan (now Westmorland & Furness). Part of the property is situated within Penrith Town Centre Conservation Area (with the exception of the dental practice and parking behind). Dockray Hall (Gloucester Arms), adjoining the property, is Grade I Listed dating back to the 15th and 16th centuries.

Planning permission (Ref: 20/0404) was granted on 19 August 2021 for the development of a 3x bedroom residential dwelling on cleared land at the property. The approval lapsed in August 2024. Interested parties can enquire of Westmorland & Furness Council on www.westmorlandandfurness.gov.uk or alternatively telephone: 0300 373 3300.

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

The property benefits from the following EPC ratings:

Unit 2 (Flat) C70 (expired 15 June 2025 and currently
being updated)

Unit 6 B30 (valid until 11 March 2033)

Unit 8 B30 (valid until 11 March 2033)

Unit 10 C54 (valid until 11 March 2033)

Units 1, 3, 4, 5, 7 and 9 are unheated lock up stores and do
not require EPC’s.

Offers in the region of £795,000 for the freehold interest.

Please refer all enquiries to Stephen Sewell at:
t: 01228 514199
e: stephen@waltongoodland.com
Walton Goodland, 3 Wavell Drive, Rosehill Business Park, Carlisle, CA1 2ST

Viewings will be subject to access/availability to the various parts of the property and it may not be possible to internally access all parts.