Predominantly let to William Hill Organization Limited
William Hill in occupation for over 20 years with 2017 break option not exercised
Part let to Indian restaurant on first and second floors (holding over)
Approximately 4,620 sq ft with future potential to develop upper parts (subject to lease and consents)
Picturesque town on the edge of the Lake District National Park
Lot 42
Auction 24th May 2018
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
20 miles south of Carlisle, 26 miles north of Kendal
Roads
A66, M6 (Junction 40)
Rail
Penrith Railway Station
Situation
The property is situated on the northern side of Burrowgate, close to its junctions with Middlegate and Devonshire Street, in the heart of Penrith town centre. Nearby retailers include Superdrug and B&M Bargains with Greggs, Costa and Boots also represented within the town. Bluebell Lane public car park is a short walk away with parking for approximately 140 cars.
Tenure
Freehold.
Location
Miles
20 miles south of Carlisle, 26 miles north of Kendal
Roads
A66, M6 (Junction 40)
Rail
Penrith Railway Station
Situation
The property is situated on the northern side of Burrowgate, close to its junctions with Middlegate and Devonshire Street, in the heart of Penrith town centre. Nearby retailers include Superdrug and B&M Bargains with Greggs, Costa and Boots also represented within the town. Bluebell Lane public car park is a short walk away with parking for approximately 140 cars.
Tenure
Freehold.
Description
The property comprises a ground floor shop with a separately accessed restaurant arranged on the first and second floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with a separately accessed restaurant arranged on the first and second floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) For the year ending 27th December 2016, William Hill Organization Limited reported a turnover of £879,000,000, pre-tax profits of £223,500,000 and a total net worth of £-710,000,000 (Source: Experian Group 24/04/2018). (2) The tenant operates three Indian restaurants in Cumbria.