B&M 9-10 Middlegate Penrith Cumbria CA11 7PG

B&M
9-10 Middlegate
Penrith
Cumbria
CA11 7PG

Freehold Retail Investment

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*
Contact Us
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Freehold Retail Investment

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* Contact Us
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

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

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.