Summary - 5, CORNMARKET CA11 7DA
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Ground-floor retail shop with basement in Penrith
- Current tenant: Dog Groomers, lease expiring in 2032
- Rental income: £8,500 per annum
- Gross initial yield: 8.95%
- Long leasehold: 999 years remaining
- High street location with significant foot traffic
- Nearby amenities include Domino's, Betfred, and various shops
**Potential Concerns:**
- High crime rate in the area
- Part of a transient, lower-income neighborhood
Discover a prime investment opportunity in a bustling sector of Penrith, with a solid rental yield of 8.95%. This Victorian-style retail property boasts high ceilings and traditional arched windows, perfect for capturing customer attention. Currently leased to a dog grooming business until 2032, the shop earns a steady rental income of £8,500 per year. With 999 years remaining on the lease and no VAT applicable, this property represents an appealing chance for investors seeking dependable returns.
While the area has a high crime rate and is categorized as deprived, it also benefits from excellent mobile and broadband connectivity, ensuring a modern, accessible experience for both tenants and customers. Located within a stone's throw of popular retailers and amenities, this unique commercial space is an ideal fit for first-time buyers or seasoned investors looking to capitalize on a vibrant market. Don’t miss out on this opportunity; properties in this location aren't available for long!
High street retail property for sale in 4 & 5 Market Square, Penrith, Cumbria, CA11 7AU, CA11 — £275,000 • 1 bed • 1 bath • 335 ft²
High street retail property for sale in 42 Burrowgate, Penrith, CA11 — £65,000 • 1 bed • 1 bath • 517 ft²
3 bedroom mixed use property for sale in 5A/5 Cornmarket, Penrith, Cumbria, CA11 — £150,000 • 3 bed • 1 bath • 840 ft²
3 bedroom terraced house for sale in Stricklandgate, Penrith, Cumbria, CA11 — £290,000 • 3 bed • 1 bath • 1206 ft²
High street retail property for sale in 12 Devonshire Street, Penrith, CA11 7SR, CA11 — £110,000 • 1 bed • 1 bath • 836 ft²
Commercial property for sale in Arnison & Sons, 17-18 Devonshire Street, Penrith, Cumbria, CA11 — £595,000 • 1 bed • 1 bath • 8643 ft²
