Let to B&M Retail Limited on a new 5 year lease (no breaks)
Tenant in occupation for over 10 years
Substantial shop of approx. 1,636.00 sq m (17,609 sq ft)
Recently rebased rent (previously £75,500 pa)
Benefits from rear access via Bluebell Lane
Nearby occupiers include Peacocks, Greggs, Alhambra Cinema, Penrith Tourist Centre and a mix of local retailers, cafes and restaurants
Lot 49
Auction 30th October 2025
Rent £50,000 per Annum Exclusive
Status Available
Guide* £550,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
20 miles south of Carlisle, 49 miles north of Lancaster
Roads
M6, A6, A592
Rail
Penrith Railway Station
Air
Newcastle Airport
Situation
The property is located within Penrith town centre on the south side of the busy Middlegate. Nearby occupiers include Peacocks, Greggs, Alhambra Cinema, Penrith Tourist Centre and a mix of local retailers, cafes and restaurants.
Tenure
Freehold.
Location
Miles
20 miles south of Carlisle, 49 miles north of Lancaster
Roads
M6, A6, A592
Rail
Penrith Railway Station
Air
Newcastle Airport
Situation
The property is located within Penrith town centre on the south side of the busy Middlegate. Nearby occupiers include Peacocks, Greggs, Alhambra Cinema, Penrith Tourist Centre and a mix of local retailers, cafes and restaurants.
Tenure
Freehold.
Description
The property comprises a substantial and prominent two storey building, providing ground floor retail and first floor ancillary accommodation. The property benefits from rear access via Bluebell Lane as well as being 50 metres from the Bluebell Lane public car park.
VAT
VAT is applicable to this lot.
EPC
The EPC is available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial and prominent two storey building, providing ground floor retail and first floor ancillary accommodation. The property benefits from rear access via Bluebell Lane as well as being 50 metres from the Bluebell Lane public car park.
VAT
VAT is applicable to this lot.
EPC
The EPC is available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground/First
Retail
1,636.00 sq m
(17,610 sq ft)
B&M RETAIL LIMITED t/a B&M (1)
5 years from 18/07/2025
£50,000 (2)
Total
1,636.00 sq m
(17,610 sq ft)
£50,000
(1) B&M is a publicly traded multinational variety store operating from 912 stores in the UK and France (www.bandmretail.com). For the year ending 29/03/2025 B&M Retail Limited reported a Turnover of £4,489,000,000, a Pre-Tax Profit of £448,000,000 and a Shareholders Funds of £631,000,000 (NorthRow). (2) The lease provides for a 6 month rent free period until 17/01/2026, the Seller will 'top-up' the rent from completion of the sale until the end of the rent free period. N.B. The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
