This prime investment opportunity comprises six residential flats arranged over ground, first and second floors in a highly sought-after location close to Penrith town centre. The property benefits from excellent transport links, being within walking distance of Penrith Train Station and offering great access to the M6 and A66 for the Northern Lake District.
Currently generating a rental income of circa £30,000 per annum, the development offers a versatile mix of accommodation including one studio flat alongside a combination of one and two bedroom flats, with some enjoying attractive views of Penrith Castle and Castle Park. With immediate availability and proven rental demand in this established Cumbrian market town, the property represents an excellent opportunity for investors seeking an income-generating residential portfolio with strong growth potential.
The convenient location provides tenants with easy access to town centre amenities including shops, restaurants and local services, ensuring continued appeal in the rental market. Offers are invited for this fantastic investment opportunity.
Property Details
Flat 1 is on the right on the ground floor, has a kitchen dining/living space, bedroom and shower room.
Flat 2 is found on the left on the ground floor and has an entrance hall, lounge/diner, bedroom, shower room, kitchen, access to the basement and access to the rear yard.
Flat 3 is found on the first floor and has a lounge/diner, kitchen, two bedrooms and bathroom.
Property Details
Property Details
Property Details
Property Details
Property Details
01768 639300