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7 bedroom block of apartments for sale
20, 20a and 21 King Street, Penrith, Cumbria CA11 7AJ
£225,000
20, 20a and 21 King Street, Penrith, Cumbria CA11 7AJ
£225,000
Our Summary
- GUIDE PRICE £225,000+ FOR SALE BY PUBLIC AUCTION ON THURSDAY 23RD OCTOBER 2025 AT THE HALSTON HOTEL, CARLISLE
- Investment opportunity
- Town centre investment opportunity including freehold
Description
This investment opportunity is a freehold property in the town centre of Penrith, consisting of seven tenanted flats that generate an annual income of £31,620. The flats are all in good condition and have established tenants, with rents ranging from £3,900 to £4,800 per annum. The property is located in a popular market town with easy access to the Lake District National Park, M6 motorway, and local transport links. The property will be sold at public auction on October 23rd, 2025, and a 1.2% administration fee (minimum £1,500 inc VAT) will be payable on exchange of contracts, as well as any disbursements listed in the legal pack.