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    Key features

    • To be offered on Wednesday 5 November
    • A mid terrace ground floor lock up shop
    • Tenant trading as Dog Groomers on lease expiring 2032
    • Total GIA: 56 sq m (602 sq ft)
    • VAT is NOT applicable to this property
    • Situated in the heart of Penrith, with occupiers nearby including Domino’s, Betfred and more.
    • Investment let at £8,500 per annum (12.1% GIY on guide price).

    Description

    The property comprises a ground floor retail shop trading as a dog groomers with ancillary accommodation at basement

    investment let at £8,500 per annum (12.1% GIY on guide price).

    Located in Penrith, Cumbria

    Additional information

    Tenure

    999 years from completion at peppercorn ground rent

    Accommodation

    Ground Floor: 40 sq m (430 sq ft) Open plan retail, Storage, Kitchenette, WC

    Basement: 16 sq m (172 sq ft) Open plan storage

    Total: 56 sq m (602 sq ft)

    Tenancy

    5 Cornmarket

    The property is let to an Individual t/a Dog Groomer for a term of 6 years 11 months from 9th May 2025 at current rent of £8,500 p.a. and the lease contains full repairing and insuring covenants. Review rent on 3rd anniversary linked to RPI with 1% collar and 3% cap per annum. Tenant has right to determine lease on 9th May 2027. Rent deposit is held of £2,125.

    Rent

    £8,500 p.a

    Notes

    Joint Auctioneer

    

    Joseph Bachman

    07723 619 270

    joseph@bluealpine.com

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Penrith is a popular market town on the fringe of the Lake District National Park adjacent to junction 40 of the M6 motorway, and the A66 Trans Pennine Trunk Road interchange; has a railway station serving the main West Coast Line between London and Scotland. The town is 20 miles south of Carlisle and 28 miles north of Kendal, the nearest competitive retail centres. Penrith has a resident population circa 16,000 with a local authority catchment in the region of 50,000. Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino’s, Betfred and Vision Express.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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