Summary - 55-57, CASTLEGATE CA11 7HY
1 bed 1 bath Commercial Development
**Standout Features:**
- Prime town center location in Penrith, near Lake District
- 4,377 sq ft of versatile commercial space (former retail/showroom)
- Upper floors ideal for storage or conversion
- Large rear plot of 779 sqm with off-street parking for 26 cars
- Freehold tenure, suitable for refurbishment or redevelopment
This commercial property located at 55-57 Castlegate is a rare opportunity for investors and developers alike, boasting a highly visible site in the bustling heart of Penrith. The building offers a flexible layout with significant square footage that can be repurposed for a variety of uses, whether you envision revitalizing the existing retail space or pursuing a residential redevelopment project, pending planning permission.
The spacious 779 sqm rear plot provides ample private parking, enhancing the building’s utility and appeal, especially in a market town well-frequented by locals and visitors alike. While the local area has its challenges, including a higher crime rate, its rich heritage and proximity to the stunning Lake District make it a worthwhile investment, particularly in the tourist season. With a host of amenities within walking distance and local schools that achieve good Ofsted ratings, this property presents a compelling blend of opportunity and location. Don't miss the chance to transform this well-positioned asset into a thriving commercial venture.
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