Summary - 42, BURROWGATE CA11 7TA
1 bed 1 bath Retail Property (high street)
Compact, income-producing high-street property minutes from Penrith centre for pragmatic investors.
- Ground-floor high-street retail unit, 517 sq ft
- Currently let to a tanning salon (income-producing)
- Victorian red sandstone/brick building with character
- Close to Penrith town centre and many local amenities
- On-street parking nearby; no dedicated car park
- Tenure and tenancy details not provided — clarify before offer
- Local area: constrained renters and higher recorded crime
- No flood risk; mobile signal excellent, broadband average
A compact, ground-floor high-street investment in central Penrith, currently let to a tanning salon. The 517 sq ft unit sits within a Victorian red sandstone/brick building close to the town’s main retail core and local amenities, offering a straightforward, hands-off income stream for an investor.
The property benefits from on-street parking nearby, excellent mobile signal and average broadband speeds, and is located in an established market town with good road links (M6/A66). There is no flooding risk and the unit includes an ancillary store and WC to the rear.
Notable considerations: the tenancy and tenure details are not supplied here and should be clarified before purchase. The surrounding area records a higher crime level and is classified locally as a constrained renters neighbourhood with a transitional Eastern European wider area — factors that may influence tenant mix, rental growth and management costs.
This is a budget-priced, entry-level commercial investment at £65,000 suitable for a buyer seeking a small high-street holding with potential to re-let or repurpose subject to local planning and lease terms. The building’s Victorian character is an asset, but the unit’s modest size limits some uses and will suit operators needing compact retail or personal-service space.
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