Income-producing estate with approved redevelopment and clear asset‑management potential.
Freehold mixed‑use site on 1.59 ha (3.92 acres)
This substantial mixed‑use business park sits on a large, level 1.59 ha (3.92 acre) site in a highly visible A6 location between Carlisle and Penrith. It is fully freehold and currently produces £90,600 pa from nine occupied tenancies, with one unit vacant. The estate contains six main single‑storey buildings, external compounds and extensive hardstanding, suitable for workshops, retail, storage and caravan‑related activities.
Planning consent (ref 23/0177) has been granted for redevelopment to provide new offices, retail and light industrial space, and further consents exist for additional workshop space and replacement of some buildings. The scale of the plot and existing permissions create clear asset‑management or redevelopment routes — including potential change to residential use subject to planning and completion of an s.106 agreement.
The site offers immediate rental income and short‑term upside via re‑letting the vacant unit and active estate management to increase rents. Buildings are varied in age and condition (1950s–1970s stock alongside refurbished units), so some units will need investment. Practical considerations include slow broadband, average mobile signal and signs of external wear‑and‑tear across older buildings.
This opportunity suits an investor or developer seeking a roadside commercial park with income, expansion potential and planning flexibility. Prospective purchasers should review tenancy schedules, planning files and anticipated s.106 terms; physical refurbishment or demolition/rebuild will be required to realise higher value uses.
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