Offers in region of
£450,000
(£78.00/sq. ft)
Retail premises for salePenrith CA11
5,769 sq. ft
About this property
Prime central devonshire street leading into burrowgate
Long established retail premises in historic market town
19 devonshire street currently let at £12,000 pa; remainder vacant
Commercial with residential potential for part or full redevelopment, STP
Potential to split into multiple uses and/or separate units for letting, STP
Would suit an owner occupier, small developer and/or investor
Existing income could help fund occupation and/or refurbishment work
Location & description
The subject property comprises a part single, two and three storey terrace building with prominent ground and first floor sales areas plus a wealth of development potential.
The property is long established in the heart of the town centre having traded for many years as a home lifestyle concept and furniture shop.
Effectively split into three, the property comprises a main retail showroom section with prominent floor to ceiling windows (Nos.49 & 50 Burrowgate). The adjoining No.51 Burrowgate is interlinked and has a residential style frontage and interior requiring refurbishment. The ground floor of No.51 has previously been used for sales as an extension of 19 Devonshire Street and could easily be combined again with doorway access between the two.
19 Devonshire Street is a boutique beauty salon trading as Coconut across ground floor level. The George Hotel extends above this part as well as to the side and rear.
Located in the heart of Penrith within the town centre there is public on street parking to the front. The surrounding area is a mix of strong local independent and national retailers along with pub, café and restaurant premises in what is a vibrant mix.
Services
Mains water, drainage and electricity are connected to the property. None of the services or associated plant has been tested
Opportunity
The property has excellent potential for single or mixed use occupation/development including both commercial and residential. Some capital expenditure is required in parts to facilitate refurbishment.
The building is well suited to an investor/developer or owner occupier providing an opportunity to purchase annual income (19 Devonshire Street) which could be used to offset holding costs allowing the vacant parts to be refurbished, split, redeveloped and then let for alternative uses through effective asset management.
Alternative uses include commercial office, retail and café/bar for example along with potential for residential, Airbnb, HMO, contractors accommodation or holiday cottage (51 Burrowgate) subject to planning.
Tenure
The property is formed of two separate titles, 49-51 Burrowgate and 19 Devonshire Street. The former extends, in part, over the front of the adjoining 48 Burrowgate at first floor level only. No.19 Devonshire Street comprises the ground floor only and no space above.
A sale of 49-51 Burrowgate will be considered in isolation of 19 Devonshire Street should a buyer only wish to purchase the vacant part of the property.
The property is freehold subject to a lease of 19 Devonshire Street for a term of 6 years from 13 December 2024 at a current passing rent of £12,000pa, rising to £12,500pa in the 3rd year of the term. The tenant is a local independent trader offering nail and beauty treatments in a high quality environment.
Planning
The property is situated within the Penrith Town Centre Conservation Area and is not a listed building.
Interested parties can enquire of Westmorland & Furness Council on or alternatively telephone:
Accommodation
The property comprises 100% site coverage and the following approximate areas:-
No. 49 Burrowgate
Ground Sales – 544 Sq. Ft. (51 Sq. M.)
1st Floor Sales – 775 Sq. Ft. (72 Sq. M.)
No. 50 Burrowgate
Ground Sales – 824 Sq. Ft. (77 Sq. M.)
1st Floor Sales – 740 Sq. Ft. (69 Sq. M.)
2nd Floor Sales – 758 Sq. Ft. (70 Sq. M.)
No. 51 Burrowgate
Ground Floor – 412 Sq. Ft. (38 Sq. M.)
1st Floor – 782 Sq. Ft. (73 Sq. M.)
Total – 4,835 Sq. Ft. (450 Sq. M.)
No. 19 Devonshire Street
t/a Coconut Ground Floor – 926 Sq. Ft. (86 Sq. M.)
Total – 926 Sq. Ft. (86 Sq. M.)
Price
Offers in the region of £450,000 for the whole property.
Offers will also be considered for 49-51 Burrowgate (i.e. Excluding 19 Devonshire Street) with vacant possession.
Business rates
The subject property is currently assessed for Business Rates as follows:-
49-51 Burrowgate – rv = £26,000 rising to £29,250 (April 2026)
Note – Retail, Hospitality and Leisure Relief ends on 31 March 2026 and will be replaced by a new reduced Uniform Business Rate multiplier of £0.382.
Interested parties should access the Government website at for further information.
VAT
Vat is not applicable.
EPC
The following EPC’s are relevant:
49-51 Burrowgate – c-64
19 Devonshire Street – c-73
Copies can be obtained from Walton Goodland or via the Government website at
Viewings & contact
All enquiries to Walton Goodland at:
The subject property comprises a part single, two and three storey terrace building with prominent ground and first floor sales areas plus a wealth of development potential.
The property is long established in the heart of the town centre having traded for many years as a home lifestyle concept and furniture shop.
Effectively split into three, the property comprises a main retail showroom section with prominent floor to ceiling windows (Nos.49 & 50 Burrowgate). The adjoining No.51 Burrowgate is interlinked and has a residential style frontage and interior requiring refurbishment. The ground floor of No.51 has previously been used for sales as an extension of 19 Devonshire Street and could easily be combined again with doorway access between the two.
19 Devonshire Street is a boutique beauty salon trading as Coconut across ground floor level. The George Hotel extends above this part as well as to the side and rear.
Located in the heart of Penrith within the town centre there is public on street parking to the front. The surrounding area is a mix of strong local independent and national retailers along with pub, café and restaurant premises in what is a vibrant mix.
Services
Mains water, drainage and electricity are connected to the property. None of the services or associated plant has been tested
Opportunity
The property has excellent potential for single or mixed use occupation/development including both commercial and residential. Some capital expenditure is required in parts to facilitate refurbishment.
The building is well suited to an investor/developer or owner occupier providing an opportunity to purchase annual income (19 Devonshire Street) which could be used to offset holding costs allowing the vacant parts to be refurbished, split, redeveloped and then let for alternative uses through effective asset management.
Alternative uses include commercial office, retail and café/bar for example along with potential for residential, Airbnb, HMO, contractors accommodation or holiday cottage (51 Burrowgate) subject to planning.
Tenure
The property is formed of two separate titles, 49-51 Burrowgate and 19 Devonshire Street. The former extends, in part, over the front of the adjoining 48 Burrowgate at first floor level only. No.19 Devonshire Street comprises the ground floor only and no space above.
A sale of 49-51 Burrowgate will be considered in isolation of 19 Devonshire Street should a buyer only wish to purchase the vacant part of the property.
The property is freehold subject to a lease of 19 Devonshire Street for a term of 6 years from 13 December 2024 at a current passing rent of £12,000pa, rising to £12,500pa in the 3rd year of the term. The tenant is a local independent trader offering nail and beauty treatments in a high quality environment.
Planning
The property is situated within the Penrith Town Centre Conservation Area and is not a listed building.
Interested parties can enquire of Westmorland & Furness Council on or alternatively telephone:
Accommodation
The property comprises 100% site coverage and the following approximate areas:-
No. 49 Burrowgate
Ground Sales – 544 Sq. Ft. (51 Sq. M.)
1st Floor Sales – 775 Sq. Ft. (72 Sq. M.)
No. 50 Burrowgate
Ground Sales – 824 Sq. Ft. (77 Sq. M.)
1st Floor Sales – 740 Sq. Ft. (69 Sq. M.)
2nd Floor Sales – 758 Sq. Ft. (70 Sq. M.)
No. 51 Burrowgate
Ground Floor – 412 Sq. Ft. (38 Sq. M.)
1st Floor – 782 Sq. Ft. (73 Sq. M.)
Total – 4,835 Sq. Ft. (450 Sq. M.)
No. 19 Devonshire Street
t/a Coconut Ground Floor – 926 Sq. Ft. (86 Sq. M.)
Total – 926 Sq. Ft. (86 Sq. M.)
Price
Offers in the region of £450,000 for the whole property.
Offers will also be considered for 49-51 Burrowgate (i.e. Excluding 19 Devonshire Street) with vacant possession.
Business rates
The subject property is currently assessed for Business Rates as follows:-
49-51 Burrowgate – rv = £26,000 rising to £29,250 (April 2026)
Note – Retail, Hospitality and Leisure Relief ends on 31 March 2026 and will be replaced by a new reduced Uniform Business Rate multiplier of £0.382.
Interested parties should access the Government website at for further information.
VAT
Vat is not applicable.
EPC
The following EPC’s are relevant:
49-51 Burrowgate – c-64
19 Devonshire Street – c-73
Copies can be obtained from Walton Goodland or via the Government website at
Viewings & contact
All enquiries to Walton Goodland at:
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