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If you are looking for a retail unit close to the newest shopping development in Cumbria, this week’s Commercial Property will interest you.
Devonshire Street, PENRITH, Cumbria
Annual Rent: On Application
Just yards from the New Squares development in the heart of this Eden market town, Devonshire Arcade is an historic building, with modern facilities.
Lock up retail units are available now in the covered shopping arcade in centre of edge of Penrith. Units of varying sizes available to let on flexible terms with incentives and trial periods available.
Penrith is a market town located on the northern fringe of the Lake District National Park and has a population of around 15,000. It lies at the crossroads of the M6 motorway and the A66 trans-Pennine trunk road also having a Station on the west coast mainline which links London with Glasgow.
Major retailers in the town include Burtons, Country Casuals, Argos, Morrisons B & Q, Aldi and opening this month Sainsbury’s. Devonshire Arcade is situated in the centre of the town adjacent to The George Hotel, and Threshers Off Licence, with entrances from Devonshire Street, St Andrews Churchyard and Sandgate.
Devonshire Arcade is an award winning refurbishment of a Victorian market hall with many of the original features retained creating an interesting and traditional covered shopping mall with up to thirty-five ground floor units and a Public Library on the first floor.
A glazed wrought iron canopy at the Devonshire Street entrance leads to the main mall and through to a central courtyard and food hall area with separate malls leading to the rear entrance and a parking and service yard and leading to an entrance from St Andrews Churchyard. The tenant mix includes food, clothing, crafts, cards and confectionery retailers. Individual units are lock-up with communal lavatories for traders. The Arcade is open from 8.30am to 5.30pm Monday to Saturday.
Units are available on internal repairing and insuring leases for terms of 3 or 6 years with 3 year rent reviews. A service charge is payable, in addition to the rent, to cover the maintenance and upkeep of the common areas in the Arcade. Rents are payable quarterly in advance and quoted annually exclusive of all other outgoings.
For information on currently available units contact PFK’s commercial department on 01768 862135.