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Retail Units & Shops

Cumbria

Penrith

property

Unit H1, Penrith New Squares - Picture 2

Unit H1, Penrith New Squares - Picture 3

To Let

This property is part of an unsponsored shopping centres scheme and therefore has limited information. To find out the benefits on scheme sponsorship click here.

Unit H1 Penrith, CA11 7FG

Use Class

Size

1,847 sq ft

Rent pa

£30,500

Market Sector

Shopping Centre

Location

Penrith is a market town with a wide rural catchment and a population of 136,537 people within a 30 minute drive time. The New Squares development is comprised of 21 retail units, residential dwellings and a 60 bed hotel. The scheme is anchored by a 55,000 sq ft Sainsburys Food Store, this benefits from a multi storey car park which offers 3 hours free parking. Current tenants include O2, Sports Direct, Boots, Loungers Café Bar and Sainsbury’s.

Accommodation

1,847 Sq.Ft

Areas

Sq.Ft

Sq.M

Ground Floor

1,847

171.5

First Floor

1,748

162

Downloads

Brochure

Penrith Bochure

Financial

Lease Type

New Lease

Lease Term

Properties are available on new leases with terms to be agreed. All leases are to be outside the security provisions of the Landlord and Tenant Act 1954.

Rent

£30,500

Costs

Each party is to be responsible for their own legal costs incurred in the transaction.

Service Charge

£11,116.22

Vat

VAT if applicable will be charged at the standard rate.

Rates

Rateable Year:

2025

Rateable Value:

£24,750.00

Rates payable:

£12,350.00

Sustainability

Energy Performance Certificate

Energy Performance Certificate Information

EPC certificates can be made available upon request.

This Property is Part of a Shopping Centre

New Squares

Avison YoungCarigiet Cowen

Disclamier

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.