Former Co-Operative Building, 19 Burrowgate, Penrith, CA11 7TD
Penrith is an attractive and affluent market town situated on the north east fringe of the Lake District. It is well located being on Junction 40 of the M6 providing direct access north and south and to the A66 which leads west to the Lake District National Park and east to Scotch Corner and the A1(M). The town has a resident population of approximately 15,000 (2011 Census) and is located within Eden District with a district population of over 51,000. Carlisle is approximately 20 miles to the north, Kendal 32 miles to the south and Keswick 18 miles to the west. Penrith has a train station on the Main West Coast Line which provides direct services north to Carlisle and Glasgow and South to London Euston with a journey time of around 3 hours.
The subject property is situated on Burrowgate, a short distance to the north east of the main Penrith town centre retailing core and accessed via Middlegate to the west and Sandgate to the east. The surrounding area is predominantly retail with occupiers on Middlegate including B&M Bargains, Country Causals, The Cumberland Building Society, Superdrug, United Colours of Benetton and The Salvation Army. Immediate retailers on Burrowgate are a mix of gift shops, leisure outlets and a Spar shop and Post Office are directly opposite the eastern end of the store.
19 Burrowgate provides an imposing sandstone/brick built, part three/four storey retail premises with extensive shop frontage and a large first floor which was utilised until recently for open plan department store trading as well as a cafe. The second floor provides former manager offices, boardroom, further storage, plant and staff WCs.
At ground floor, the Lakes & Dales Co-Operative trade from a recently refurbished store with new central entrance as well as a rear access from the Burrowgate town centre car park. The premises have been re-arranged internally providing approximately 6,300sq ft of surplus shell accommodation that can be divided into units from circa 1,300sq ft. The premises benefit from glazed frontage and direct access to Burrowgate.
The first floor is accessed via stairs or two passenger lifts from ground floor and comprises extensive open plan accommodation with generous floor to ceiling heights, comfort cooling/heating, former cafe area with associated kitchen facilities, goods lift and male, female and disabled WCs.
The ‘Annex’ building provides a four storey property currently used as storage and arranged over basement, ground, 1st and second floors. The premises have sandstone elevations, a part flat/part mono-pitch slate roof, a large timber loading door at ground floor and is attached to 19 Burrowgate at second floor via a covered walkway bridge. Internally, there is a staircase, central goods lift and comprises in the main open storage accommodation.
19 Burrowgate has been extensively refurbished in the last 5 years including the upgrading of services, new floor and wall coverings, WC facilities and in line with ground floor shop refurbishment. Further details are available upon application.
It is understood that the property provides the following approximate gross areas:
Ground Floor 1,678.00m2 (18,062 sq ft)
First Floor 1,517.00m2 (16,329 sq ft)
Second Floor 617.00m2 (6,641 sq ft)
Basement 181.00m2 (1,948 sq ft)
Total Approximate GIA 3,993.00m2 (42,980 sq ft)
Ground Floor 120.00m2 (1,292 sq ft)
First Floor 130.00m2 (1,399 sq ft)
Second Floor 129.00m2 (1,389 sq ft)
Basement 96.00m2 (1,033 sq ft)
Total Approximate GIA 475.00m2 (5,113 sq ft)
Total Approximate GIA 4,468.00m2 (48,093 sq ft)
It is understood that the property is connected to mains electricity, gas, water, and the mains drainage system.
It is the responsibility of the tenant/purchaser to determine the exact position of existing services and to arrange for any modification/connection of these to the property in consultation with the relevant services providers
It is understood from the VOA website that the whole of the premises have a Rateable Value of £152,000. The vacant areas will need to be re-assessed upon occupation. Prospective tenants/purchasers can discuss potential rates payable with Eden District Council – Tel: 01768 817817.
ENERGY PERFORMANCE CERTIFICATE
An Energy Performance Certificate has been produced for the premises and a copy is available to download from the Edwin Thompson website.
19 Burrowgate provides a range of exciting retail and alternative use opportunities, subject to planning, at part ground and upper floors as well as ‘The Annex’.
All letting and sale enquiries to sole agents Edwin Thompson.
All figures quoted are exclusive of VAT where applicable.
Each party to bear their own legal costs in the preparation and settlement of the letting/sale documentation together with any VAT thereon.
Viewing of the property is strictly by appointment only through Edwin Thompson. For further information contact:
John Haley – [email protected]
Joe Ellis – [email protected]
Tel: 01228 548 385
Edwin Thompson for themselves and for the Vendor of this property, whose Agents they are, give notice that:
1. The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, any offer or contract.
2. All descriptions, dimensions, plans, reference to condition and necessary conditions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to their correctness.
3. No person in the employment of Edwin Thompson has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Agents, nor into any contract on behalf of the Vendor.
4. No responsibility can be accepted for loss or expense incurred in viewing the property or in any other way in the event of the property being sold or withdrawn.
5. These particulars were prepared in August 2015.
Substantial retail premises and annex of circa 48,093 sq ft with potential for redevelopment of upper floors, subject to planning
Ground Floor Retail opportunities from 1,300 sq ft – 18,062sq ft
Upper Floors – approximate GIA 22,970sq ft
High Profile Location within Penrith Town Centre
Rental from £13,000 per annum