Retail premises for sale

Burrowgate, Penrith CA11

Location
Penrith is an attractive and affluent market town lying less than 3 miles outside the Lake District National Park, making it a natural gateway for visitors heading into the national park.

The town has strong transport links with the Penrith North Lakes Station sitting on the West Coast main line, which is one of the UK’s major rail corridors, together with exceptional road access via the M6 motorway (J40), A6 and the A66, giving it a strong access across the region.

Its position makes it a popular base for exploring both the Lake District and the Eden Valley.

Situation
Burrowgate is one of the town’s oldest and most characterful commercial streets, running between the central shopping areas around Devonshire Street and Middlegate.

The town centre’s Bus Station and car parks are located adjacent to the subject property.

National retailers just a short walk from property include Boots, B&M, Marks & Spencer Food Hall, Sainsburys and Sports Direct, together with many independent retailers, cafes, specialty food outlets, pubs and restaurants.

Description
Positioned on one of Penrith’s most established commercial streets, this former Co‑op provides an imposing sandstone/brick built, part three/four storey building with extensive shop frontage.

The first floor is accessed via stairs or two passenger lifts and comprises extensive open plan accommodation with generous floor to ceiling heights.
The “Annex” building provides a four storey property arranged over basement, ground, first and second floors and is attached to 19 Burrowgate at second floor via a covered walkway bridge, internally there is a staircase and goods lift.

There is a customer car park at the rear of the annex for c12 vehicles.

Accommodation

19 Burrowgate
Area sq ft sq M

Ground Floor 18,062 1,678
First Floor 16,329 1,517
Second Floor 6,641 617
Basement 1,948 181
total approx. Gia 42,980 3,993

The Annex
Area sq ft sq M

Ground Floor 1,292 120
First Floor 1,399 130
Second Floor 1,389 129
Basement 1,033 96
total approx. Gia 5,113 475

Site Area: 0.58 Acres (0.235 hectares)

Planning
The premises have an extant Planning Permission for conversion to residential use. Application 19/0033. Please see link below for full copy of plans:

Energy Performance Certificate
C62 - This certificate expired in August 2025.

Rates
Rateable Value: 2023 to present: £106,000.
Rateable Value: From April 2026: £95,500

Tenure
Freehold.

Proposal
We are instructed to seek offers over £2,000,000, subject to contract and exclusive of VAT.
VAT

The premises have been elected for VAT and VAT will be payable on the purchase price.