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55-57 Castlegate 4,377 SF 100% Leased Retail Building Penrith CA11 7HY $651,754 CAD ($148.90 CAD/SF)
INVESTMENT HIGHLIGHTS
- Commercial property comprising former retail & showroom space with storage on upper floors.
- Prominent town centre location.
- Edge of Lake District market town.
- Rear land 779sqm used as surfaced car parking (26 cars).
- Would suit refurbishment or redevelopment.
EXECUTIVE SUMMARY
The property comprises a stone-built terrace commercial building on two floors plus an attic floor with retail areas on the ground floor and storage on the upper floors together with a substantial gravelled area of land to rear, currently used as a private car park for up to 26 cars. The property lends itself to commercial refurbishment or residential redevelopment, subject to planning consent.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
4,377 SF
Building Class
B
Year Built
1880
Price
$651,754 CAD
Price Per SF
$148.90 CAD
Percent Leased
100%
Building Height
3 Stories
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55-57 Castlegate
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