Description

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.

Key Points: Parking & Opening hours

• Prominent location in New Squares Development
• National Occupiers
• Planning Use Class E
• Size – 1,128 – 1,966 sq ft

Accommodation - floor areas

Accomodation details are below:

Areas	sq ft	sq m
J1	1,348	125
J4	1,128	105
K1	1,491	139
L1	1,868	174
H1 Ground and First	3,595	333
Total	9,430	875

Tenure Information

Leasehold

Lease Term

Available by way of a new sublease lease which is to be contracted outside of the security provisions of the Landlord and Tenant Act 1954.

Planning

Use Class: E

The premises falls within Class E of the Town & Country Planning (Use Classes) Order 2020. Interested parties should carry out their own due diligence in this regard.

Service Charge

Each property is subject to a service charge which is reviewed on an annual basis: See brochure for individual service charge.

EPC Information

EPC certificates can be made available upon request.

Legal Costs

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

VAT

All figures quoted are exclusive of Value Added Tax which will be charged at the prevailing rate.

Contacts

Downloads

Location Map