Summary - 7, CORNMARKET CA11 7DA
3 bed 1 bath Mixed Use
**Standout Features:**
- **Mixed-Use Property**: 3-bedroom flat with ground-floor shop (sold off on long lease)
- **Rental Income**: Current flat lease generates £5,400 p.a.; potential to increase to £8,400 p.a.
- **Prime Location**: Situated in bustling Cornmarket, surrounded by national retailers like Domino’s and Vision Express
- **Freehold Tenure**: 999 years lease remaining on the ground floor shop
- **Size**: 840 sq ft (78 sq m) for spacious living
- **Accessibility**: Excellent transport links with railway service and proximity to M6 motorway
**Concerns:**
- High crime rate in the local area
- Potential damp issues in the flat
Located in the heart of Penrith, this mixed-use gem at 5A/5 Cornmarket offers a unique investment and lifestyle opportunity. The first and second floor boast a spacious three-bedroom flat, ideal for family living or a potential rental option, while the ground floor shop is already monetized through a long lease, adding immediate income benefits. Investors will recognize the under-rented flat presenting significant upward rental potential.
While the vibrant urban location thrives with shops and amenities just steps away, it's essential to note the area's higher crime rate and the potential for damp in the living space. However, with the growing demand in this transitional neighborhood and flexible living arrangements, this property beckons both savvy investors and first-time buyers seeking to capitalize on the evolving market. Don’t miss out on the chance to make this charming, historically rich property your own, or transform it further with renovations to enhance its appeal and value. Grab this opportunity before it’s gone!
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