Commercial Estate Agents, Chartered Surveyors, Cumbria, Lancashire
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Latest News

Refurbished offices adjacent to M6 motorway in parkland setting
26/06/2017

Acting on behalf of a private pension fund, Peill & Company are marketing modern refurbished offices immediately adjacent to junction 33 of the M6 motorway at Hampson Green, Lancaster. The offices occupy a strategic location between Lancaster and Garstang and within 5 minute drive time of Lancaster University. The offices, which have been completely refurbished to a very good modern standard offer …

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From East Anglia to East Lakes
01/06/2017

11 Devonshire Street, in the Cumbrian market town of Penrith, has just been let jointly by Peill & Co of Cumbria and Bastin Commercial of Norwich to a regional accountancy firm as a new branch office.
The letting demonstrates the benefits of collaboration between two PAI member firms – the property is owned by East Anglia-based private clients of Bastin Commercial and, when the property became …

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Developer rings the changes in the Lake District
28/04/2017

Acting on behalf of a local developer/investor, Peill & Company Ltd, the PAI member for Cumbria and The Lake District have let a former BT Telephone Exchange to a local bistro, restaurant and delicatessen operator in Coniston in the heart of The Lake District National Park. Peill & Company Ltd advised on the complete refurbishment and redevelopment of the BT Exchange which included a fully glazed …

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Former Antiques Shop Let to New Business
01/04/2017

Acting on behalf of private clients, Peill & Company have concluded the letting of the former Antiques shop on Market St in the Eden Valley to a new business. The shop will re-open soon as a motorcycle showroom. Kirkby Stephen is a typical market town in the Upper Eden Valley and on the edge of the recently extended Yorkshire Dales National Park. Further information can be found at www.kirkby-stephen.com/ …

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PAI - Nationwide Capability for Clients
26/03/2017

Peill & Company is a member firm of PAI, a network of independent commercial property consultancies operating throughout the UK. There are 26 member firms with over 500 surveyors, 58 offices and over 3000 commercial properties available.

The network runs from Vickery Holman in Cornwall to the north of Scotland where Lapsley McManus is the member firm, and includes McConnel Chartered Surveyors …

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Lake District Cottage Company Ready to Fit Out
09/03/2017

The Good Life Cottage Company have taken a new shop in the centre of Windermere, which has been let by Peill & Co acting on behalf of private landlords. The unit will be opening soon, and will add another outlet for the Norfolk-based parent company Cottage Holidays who specialise in good quality holiday cottages throughout the UK, and operate a series of independent cottage letting companies throughout …

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New 2017 Business Rates Impact
17/02/2017

The national press has suddenly woken up to the issue of the significant issue of the level of business rates payable by commercial property occupiers. The UK's commercial property stock has recently undergone a revaluation, and new rateable values are due to come into force effective 1 April 2017.

Despite the national press headlining significant increases in rates payable, we have found …

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Kendal office sold on behalf of Ministry of Justice
09/02/2017

Acting on behalf of the Ministry of Justice, Peill & Company have acted jointly with GVA Bilfinger in the sale of an office previously occupied by the Cumbria Probation Service on Kendal Business Park. The property, which comprised offices and workshop, was offered for sale resulting in a closing date being set for best offers and the property is to be owner occupied by Howe Projects Ltd as their …

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Domino's Pizza to Relocate in Kendal
04/02/2017

Acting on behalf of a private property company, Peill & Co have let a roadside unit in Kendal to Dominos Pizza as a relocation of their restaurant facility in Kendal from Beezon Road. The unit, on New Road has a prominent frontage to the town’s one-way system and is opposite one of the main shoppers' car parks. The unit extends to a total of 2000 sq ft and Dominos have taken the unit on a new 20 …

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MIXED RETAIL/OFFICE/DEVELOPMENT ACQUIRED FOR CLIENTS
11/01/2017

Acting on behalf of a private property company, Peill & Company, the PAI members for Cumbria, Lancashire and The Lake District have acquired 1-7 New Market Street in Ulverston in South Lakes which comprises a parade of three ground floor shops with substantial first and second floors let to a range of commercial tenants. The client is to redevelop part of the upper floors for residential development …

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Substantial Industrial Premises Acquired for Clients
10/01/2017

Acting on behalf of a family property company, Peill & Company have acquired the former Tranfield food production facility at Shap, near Penrith for refurbishment and re-letting. The property, which has been vacant for a number of years was previously Fellside Foods and was one of the largest sausage production factories in Europe. The property has been pre-let to a warehouse/distribution company …

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Carlisle - Public House sold freehold
13/12/2016

Acting on behalf of LPA Receivers, Peill & Co has successfully sold the Black Lion Inn at Durdar, a village just outside Carlisle in north Cumbria. After an extensive marketing campaign jointly with Andrews & Ashmore of Leicestershire, the property has been sold to a local owner/occupier for an asking price of £200,000. Simon Adams of Peill & Co commented ‘the opportunity to purchase the Black Lion …

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Kendal retail unit let to online trader
07/12/2016

Acting on behalf of a private landlord, Peill & Company have secured a letting of 10 Finkle Street in Kendal (the former Phones 4U unit) to Urban Celebrity Clothing, a locally based retailer who have become well established as an online men’s clothing retailer, but were looking for a high street presence. The transaction was completed swiftly in order to allow the tenant to be in the unit and trading …

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Cumbrian Industrial Estate Investment Acquired
25/11/2016

Acting on behalf of a private client, PAI members for Cumbria & the Lake District, Peill & Company have acquired Fell View Trading Estate in an off-market deal from a London fund who are represented by Aston Rose, Chartered Surveyors in London. The estate is fully let, but has asset management opportunities and Peill & Company’s in-house property management department will be managing the estate …

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Residential development site SOLD
13/10/2016

Acting on behalf of a private property company, Peill & Company have successfully completed the sale of a residential development site on Burneside Road in Kendal to a local developer. The site had originally been acquired out of administration on behalf of the clients and following resolution of planning and services issues the site was successfully sold within a short period of time. Peill & Company’s …

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National trade counter opens first Cumbrian depot
04/10/2016

Acting on behalf of a pension fund client, Peill & Company has let Unit 1, Phoenix Court, Furness Business Park in Barrow in Furness to Toolstation, who are a division of the Travis Perkins Group. The depot, which extends to approximately 4,500 sq ft, is adjacent to an existing Screwfix and is on the premier business park in the town with representation from automotive, trade counter and business …

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Busy at Auctions
04/08/2016

Acting on behalf of various investor clients, we have recently attended a number of auctions locally and nationally, resulting in the successful acquisition of various sites and properties. Peill & Company have acquired 138 Dalton Road, Barrow in Furness (the former Phones 4u shop) as a vacant unit on behalf of a private investor, and it will be made available to let following some refurbishment …

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Lake District & Yorkshire Dales are Enlarged Today
01/08/2016

Both the Lake District National Park, and the Yorkshire Dales National Park have expanded with effect from 1 August (which, coincidentally, is Yorkshire Day). The Lake District now includes Sizergh and Brigsteer and the Yorkshire Dales includes areas around Kirkby Lonsdale in Casterton, Leck and Barbon which had been outside the park. A further area in the northern part of the Westmorland Dales around …

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New 72-bed hotel and spa planned for Ambleside
09/07/2016

Springbourne Homes, who have purchased the former Kelsick Grammar School in Ambleside, are in discussions with the community and Lake District National Park Authority regarding construction of a new 72-bed hotel with spa and proposed rooftop terrace bar. The former Kelsick School has been disused for a considerable number of years and the intention is for part demolition and part new build on the …

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New Sainsburys moves a step closer with Rugby Club relocation
09/07/2016

Work has now commenced on the new Kendal Rugby Club site on Mill Field on Shap Road, Kendal, just to the north of the South Lakeland Retail Park. Developers, Morbaine, are constructing a new facility for Kendal RUFC which will enable them to relocate to the new ground and to enable a new Sainsburys supermarket to be built on the current Mint Bridge ground. Peill & Company have been advising on the …

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Cotswold extend lease in Lake District village
09/07/2016

Peill & Company, acting on behalf of a private family property company, have agreed a new 10-year lease with Cotswold Outdoor on their Rock Bottom outlet in the centre of Grasmere village. Cotswold had taken an assignment of a lease from Edinburgh Woollen Mill a number of years ago and, on expiry of the lease, have now extended the term to remain in the village. Fisher Wilson surveyors in Chester …

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Landline Telephones out of Order
04/07/2016

We have issues with our landline numbers today (Monday 4th July) after issues with BT in Kendal during the course of the weekend. We hope to be up and running as soon as possible, but in the meantime, please email us at admin@peill.com or try one of the mobile numbers below:

Simon 07770 846 786
Stuart 07411 788 976
Jonathan 07849 396 282
Andrew 07768 453 384
Pete 07802 296 690
Hamish …

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Shop let on behalf of Boyes
10/06/2016

Acting on behalf of W G Boyes department store, Peill & Company have let a retail unit on Dowkers Lane at the back of their Kendal store to a new hair and beauty business. The unit had previously been occupied on a temporary basis by Simple Solutions, who had relocated to the unit after Storm Desmond floods in December. Simple Solutions are now back in their Appleby Road offices, and the new tenant …

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Freehold furniture store sold
06/06/2016

Acting on behalf of Stokers Group, the former Youngs Furnishings Store at 20 Cavendish Street, Barrow in Furness, has been sold freehold to an owner occupier. The marketing of the property resulted in several expressions of interest, both leasehold and freehold and the decision was made to set a closing date for receipt of offers. The property, which extends to a total of approximately 5,957 sq …

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Freehold furniture store sold to owner occupier
24/05/2016

Acting on behalf of Stokers furniture, the fourth generation family run furnisher, Peill & Company have sold their former store at 20 Cavendish Street to an owner-occupier. Managing Director, Simon Adams commented, “We were pleased to conclude a sale of the building, after generating a number of competing bids for the property, and ending up setting a closing date for receipt of offers”. The purchaser …

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Kendal shop let within 24 hours
06/05/2016

Acting on behalf of a private property company, Peill & Company have concluded the letting of a shop at 4 Kirkland in Kendal within 24 hours of being instructed. The property was placed on the market and transaction agreed immediately with an acceptable tenant, and the new tenant moved into the property the day after expiry of the existing lease, meaning no loss of income to the landlord. The letting …

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Kendal landmark gets new lease of life
28/04/2016

The famous 16th Century building at 69 Stricklandgate is renowned for the projecting hog at first floor level, has re-opened after a refurbishment and fit-out by the Bristly Hog Coffee House and it opened its doors on St George's Day. The hog relates to the use of the property during the 19th Century as a brush factory. Acting on behalf of a private landlord, Peill & Company let the ground floor …

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Food retailer fits out new unit in Portland Walk, Barrow in Furness
22/03/2016

Acting on behalf of a private property company, Peill & Company concluded the letting of a large unit at 19/21 Portland Walk Shopping Centre, Barrow in Furness to Heron Foods, who have now completed their fit out and opened for trade. The unit comprises a ground floor sales area of approximately 2,500 sq ft, and Heron have combined the unit with their former Cool Trader unit next door to create one …

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George Fisher outdoor expand their Keswick store
22/03/2016

Peill & Company have let 31 Lake Road, Keswick to George Fisher Ltd, who occupy the adjoining property, for expansion of their store. 31 Lake Road previously belonged to George Fisher but has been in private ownership for a considerable number of years. Simon Adams, managing director of Peill & Company commented “We were pleased to be able to accommodate George Fisher’s expansion into the former …

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Massive reduction in business rates for small business
16/03/2016

Good news in today's budget for small businesses is that small business rate relief will be extended to properties with a rateable value of £15,000 and under from 1 April 2017. That will bring a large number of shops, offices and small workshops out of paying any business rates. Larger businesses with RV's over £51,000 are likely to be hit, however, with an incremental increase to fund the small business …

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Historic Kendal Shop Let to New Occupier
29/02/2016

Acting on behalf of private landlords, Peill & Company have let 69 Stricklandgate in Kendal, the former East Shop, to independent Coffee Shop operators relocating from Otley in Yorkshire. The building is renowned in the area, being a Grade II listed building, and the new business will trade as The Bristly Hog Coffee Shop as a nod to the famous model of a wild boar projecting from the front of the …

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Prime Lake District Retail Unit Let to National Operator
29/02/2016

Peill & Company have recently concluded the letting of 73 Main Street, Keswick to Millets as an upsize unit for an existing shop they occupied at 79 Main Street. The former Keswick Mountain Sports unit was let on behalf of a private landlord and extends to a total of approximately 3,045 sq ft. The property was let for an asking rent of £75,000 per annum. The former Millets unit at 79 Main Street …

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Retail refurbishment and letting for private investor
04/12/2015

Acting on behalf of a private investor, Peill & Co have completed a comprehensive refurbishment of a High Street retail unit at 189/191 Dalton Road, Barrow-in-Furness after the property was acquired vacant at auction. Peill & Co’s building consultancy department oversaw refurbishment works to the ground floor shop enabling it to be occupied immediately by a trader after lying vacant for a considerable …

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Lake District Restaurant let on behalf of Tesco Stores
30/11/2015

Acting on behalf of Tesco Stores, Peill & Co has let a restaurant extending to approximately 2000 sq ft above the Tesco Express store in Market Place, Ambleside in the heart of the Lake District National Park. The business will be operated by a new venture to trade as Pig Fish Cow being an eclectic restaurant offer. The letting reinforces demand for restaurant and leisure space within the Lake District …

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Yorkshire Dales Retal/Leisure Investment Sold
27/11/2015

Acting on behalf of LPA Receivers, Peill & Co has concluded the sale of a retail/leisure investment in Malham within the heart of the Yorkshire Dales National Park. The property was let on an overriding lease to the Edinburgh Woollen Mill for 25 years from March 1991 at a passing rental of £47,000 per annum. The property comprises a substantial range of buildings incorporating retail, show room, …

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Kendal Residential Development Site Sold
16/11/2015

Acting on behalf of Cumbria County Council, Peill & Company have successfully agreed the sale of a substantial development site comprising the former Roundhills School on Sedbergh Drive in Kendal. The site, which did not have planning consent for residential use, but had support from South Lakeland District Council for residential development also had restrictive covenants on the title, but offered …

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West Cumbria Offices let to HM Government
11/11/2015

Acting on behalf of an overseas client, Peill & Company have agreed the letting of Progress House, Regents Court, Guard Street in Workington to the Ministry of Justice who occupy the offices as a Probation Services office. The building, which comprises modern offices arranged over ground and first floors, extends to a total of approximately 4,000 sq ft and includes on-site car parking. Cushman & …

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New independent retailer takes former Dorothy Perkins units
23/10/2015

Acting on behalf of private clients, Peill & Company have acted jointly with Emanuel Oliver in connection with the letting of the former Dorothy Perkins units at 3-5 Finkle Street in Kendal to Room, an eclectic independent trader new to the town. The unit has been fitted out to a high standard and offers interior furnishings, fashions and gifts. Peill & Company’s building consultancy department …

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Lake District HQ Office and Warehouse Sold Freehold
15/09/2015

Acting on behalf of the administrators of Lakeland Leather, the retail chain which went into administration during 2014, Peill & Company have sold the freehold interest in the head office and warehouse in Ambleside to the company which has taken over the retailer, maintaining the warehouse and head office function within the Lake District. Peill & Company acted on behalf of McTear Williams & Wood …

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Kendal Residential Development Site Sold
15/09/2015

Acting on behalf of private vendors, Peill & Company have, in conjunction with Lancashire based Pugh & Company, sold a former warehouse on Cross Lane in Kendal with planning consent for 7 dwellings, at the Pugh & Company auction. Peill & Company acted jointly with Pugh & Company, and the successful purchaser is a residential developer who intends to develop out the property in line with its consent …

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Offices, trade counter and showroom let.
11/08/2015

Acting on behalf of a private landlord, Peill & Company have let Unit 2 Andrews Way, Furness Business Park, Barrow in Furness, to a regional office equipment supplier who are relocating from elsewhere in the town. The property is to be occupied as a head office with showroom facilities together with warehousing to the rear. The property, which was let within two weeks of being placed on the market, …

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Freehold Neighbourhood Parade Investment For Sale
06/08/2015

Acting on behalf of an investor client, we are offering Lakes Parade, Hawcoat, Barrow-in-Furness for sale freehold. The parade comprises an unbroken parade of 7 shops, with on site car parking, small service yard and being directly opposite the district hospital. Offers are invited around £375,000, based on a current income of £30,750, with significant asset management opportunities. Further information …

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Windermere Shop Let to Local Furniture Maker
15/07/2015

Acting on behalf of a private pension fund client, Peill & Company have let the former Motor World shop at 25 Crescent Road in Windermere to Peter Hall & Son as a new showroom for their bespoke handmade furniture and associated soft furnishings and homewares, being in an additional outlet to their workshop showroom in nearby Staveley. A new showroom represents the first High Street retail unit for …

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South Lakes Letting to Lobster and Seafood Shop
14/07/2015

Acting on behalf of a private landlord, Peill & Company have let 58 Market Street in Ulverston to the Lake District Lobster & Seafood Company as their first permanent retail outlet, having previously traded from food markets and mobile sales. Peill & Company advised the freehold owner on the purchase of the property (which was acquired at auction) which was then subsequently refurbished to provide …

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New site for Kendal Rugby Club
01/04/2015

South Lakeland District Council have consented the planning application by Kendal Rugby Club for a new ground at Mill Field, just to the north of their existing ground at Mint Bridge. This is the last piece in the jigsaw to enable a new 50,000 sq ft Sainsbury’s supermarket at Mint Bridge which was given planning consent in September 2014. The new ground will comprise 2 full sized pitches, a 2-storey …

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Lake District Restaurant Sold Freehold
01/04/2015

Acting on behalf of longstanding owners, we have recently sold the former Oriental Kitchen Restaurant at 13 Crescent Road in Windermere to a new restaurant operator. The property was sold within a month of being placed on the market, demonstrating strong demand for restaurant/leisure property within the Lake District National Park. The property which comprises ground floor and lower ground floor …

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Poundworld take first Cumbrian Store
03/03/2015

Acting on behalf of John Menzies Plc, Peill & Co have agreed a letting of the former Bodycare unit at 174-176 Dalton Road, Barrow in Furness to Poundworld. Peill & Co acted jointly with Jones Lang LaSalle in London, and the letting represents the first unit in Cumbria for Poundworld, the rapidly expanding discount store. The unit extends to a total of 3,584 sq ft on the ground floor and 3,644 sq …

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Retail & Leisure Investment Acquired for Clients
02/02/2015

Acting on behalf of a family property company, we have acquired a mixed retail and hotel investment in Bowness-on-Windermere, in the heart of the Lake District National Park. The property, which is held on 2 leases comprising ground floor restaurant/cafe and letting bedrooms on the upper floors is in a prime position on Crag Brow, close to the shores of Windermere. Our building consultancy department …

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Multi Let South Lakes Investment Sold
23/12/2014

Station House on Station Road in Kendal has been acquired by clients of Peill & Company as a mixed use commercial investment, and will be subject to comprehensive refurbishment in the coming months. The building, which sold at the Allsops Auction for £1 million, comprises multi let offices with approximately 50% of the space occupied as a medical centre by Station House Surgery. Peill & Co have …

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Prime Retail Unit let to food store
11/12/2014

Acting on behalf of a private landlord, Peill & Co have let 19/21 Portland Walk, Barrow-in-Furness to Heron Frozen Foods. The unit, which extends to a total ground floor sales area of approximately 2,500 sq ft plus 1st floor ancillary, is located adjacent to the entrance to the indoor market in Barrow within the Portland Walk development close to the Debenhams Department Store. Heron will be trading …

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New Letting to Vodafone
28/10/2014

Acting on behalf of a private landlord, Peill & Co have completed a letting of 24 King Street, Whitehaven CA28 7JN to Vodafone. The property has been let on a new 10 year lease on a quoting rental of £17,500 per annum. The property which occupies a 100% prime position close to the junction of King Street with Lowther Street, has a ground floor area of 815 sq ft with ancillary accommodation of a …

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Sainsbury's gets Planning Consent for South Lakes superstore
15/10/2014

South Lakeland District Council have given consent for a new 50,000 sq ft superstore and petrol filling station in Kendal, Cumbria on the site of the Kendal Rugby Union club. PAI member for Cumbria & the Lake District Peill & Company have advised Kendal RUFC on the development, and on their proposed relocation to a new purpose-built clubhouse on the edge of town to include state of the art facilities …

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New South Lakes Flower shop builds on Laurel and Hardy heritage
18/09/2014

Peill & Company have acted on behalf of a private investor in the letting of a retail unit in Ulverston, South Cumbria, to a new flower shop which is now fitted out and trading as “Floral and Hardy”. Ulverston was the birthplace of Stan Laurel and hosts both a museum to the black and white movie stars and a famous statue in front of the Coronation Hall on County Square where numerous fans (known …

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KENDAL - TRADE COUNTER DEVELOPMENT WELL UNDER WAY
20/08/2014

Works are almost complete on a new build trade counter development at Mintsfeet Road, Mintsfeet Industrial Estate, Kendal. Peill & Company acted on behalf of the developer in agreeing a pre-let to Yesss Electrical for a new 6000 sq ft unit. The unit is almost ready for practical completion and hand-over to the tenant for fit-out works and is due to be opened shortly. Simon Adams, Director of Peill …

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International Beauty Products Retailer takes Unit in Bowness on Windermere
18/08/2014

L'Occitane en Provence have taken a retail unit on Ash Street in the centre of Bowness on Windermere immediately adjacent to Fat Face and close to a number of strong local/regional operators. The unit is the first outlet within the Lake District for L'Occitane en Provence and demonstrates an increase in demand in the Lake District towns and villages from good quality specialist lifestyle retailers. …

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Penrith – Industrial Building and Yard Sold Freehold
05/08/2014

Acting on behalf of Rowlands Pharmacy, Peill & Company have sold the freehold interest in Unit 63, Gilwilly Industrial Estate, Penrith, Cumbria, off an asking price of £550,000. Peill & Company acted jointly with GVA in Liverpool, who are retained advisers to Rowlands Pharmacy. The warehouse was surplus to requirements, Phoenix Distribution having reviewed their distribution estate. The building …

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Industrial unit let at Junction 36 of M6 motorway
31/07/2014

Acting on behalf of a private investor, Peill & Co have let Unit 4 Moss End Business Village to Lakes Catering Company, who are relocating from their existing premises in Kendal. The location of the Unit within 1 minute of access to the M6 motorway at Junction 36 gives easy access to South Lakes, North Lancashire and the motorway network. The adjoining Unit 3 is also under offer to another occupier …

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Bowness-on-Windermere - Quarry Rigg Letting Completed
23/07/2014

Peill & Company have acted on behalf of the new purchasers of the investment of the Quarry Rigg shopping centre and concluded a letting of Unit 61 to South Lakeland Parks. The property will be used as a shop and office for South Lakeland Parks business for holiday lodges and caravan parks throughout the Lake District and North West generally. Further units at Quarry Rigg are currently under offer …

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Whitehaven – Albion Square Office Development Gathers Pace
10/07/2014

A significant town centre office development in Whitehaven continues, and a series of new occupiers are due to take possession of the accommodation by autumn 2014. The development lies just off the main retail centre and will bring a significant number of office occupiers into the town centre, increasing demand for other space in and around King Street. This, coupled with the recent announcement …

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Lake District Retail Investment Acquired
28/04/2014

Acting on behalf of a family property company, Peill & Company have acquired retail premises in the centre of Ambleside at Market Place, let to the lifestyle clothing retailer, Rush. The property was let on a new 10-year lease and the investment was acquired off a net initial yield of approximately 7.5%. Peill & Company acted on behalf of the purchasing family property company and Morgan Martin …

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White Stuff to open in Kendal
06/03/2014

The expanding national lifestyle fashion retailer, White Stuff, have taken a shop in Kendal and work has started on fitting out the premises ready for an opening in April 14. The letting, at 21 Finkle Street, has been completed by Peill & Company, Chartered Surveyors, who also agreed a letting to Joules on Stricklandgate at the end of last year. The unit therefore represents another national retailer …

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Significant property in Ambleside sold for University
09/01/2014

Acting on behalf of the University of Cumbria, we have completed the sale of Springfield, on Rydal Road in Ambleside. The substantial detached property was originally the home of Charlotte Mason, who founded the education college in the village, which now comprises part of the University. Springfield was most recently used as student halls of residence, but the property is to be returned to a private …

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Another letting at Blackhall Yard, Kendal
21/10/2013

We have recently concluded a further letting of a retail unit, Unit 8, Blackhall Yard, Kendal LA9 4LU to a new business which will specialise in the sale of affordable children’s clothing. This is the latest in a series of lettings within Blackhall Yard, which occupies a prominent location in the town centre, just off Stricklandgate and with the benefit of an entrance into the Westmorland Shopping …

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Prominent Lake District investment sold for 3% yield
21/10/2013

Peill & Company have recently sold the former Barclays Bank unit at Queens Square, Bowness on Windermere LA23 3BY, jointly at CBRE’s London auction on 15 October 2013. The sale price was £653,000 which represents a net initial yield of 3.1% with significant scope to increase the return by letting/development of the upper floors. The ground floor and basement of the property is let to La Galerie …

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Lots of activity at Crakeside Business Park
16/09/2013

We have had a recent flurry of activity of lettings of various units at the Crakeside Business Park, Greenodd, near Ulverston. The site occupies an attractive location on the edge of the Lake District National Park, but with immediate access to the A590 trunk road (where works are well under way for a new roundabout junction at the entrance to the village within 200 metres of the business park). …

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New High Quality Stationers and Pen Shop Opens
03/09/2013

Acting on behalf of local Charitable Trustees, Peill & Company have recently let units 17-19 New Shambles, Kendal to Iridum, a new shop specialising in the sale of high quality stationery, notebooks, paper and fountain pens. The letting compliments adjoining occupiers within New Shambles, most of whom are niche retailers specialising in crafts. Full details of the shop are available at Iridum’s …

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Rare Keswick Freehold Retail Property Available
12/06/2013

Peill & Company have just been instructed in the sale of 135 Main Street, Keswick (directly opposite the Cumberland Pencil Museum, close to Keswick Mountain Bikes and with a prominent frontage to passing traffic). The shop, currently trading as Sharp Edge Gallery, offers a rare opportunity for an owner occupier to purchase freehold retail premises in the centre of Keswick with the benefit of off-road …

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Frankie and Benny's open in South Cumbria
01/05/2013

The former Blockbuster store on Hindpool Retail Park in Barrow in Furness has opened on Monday, 29th April as a Frankie and Benny's outlet. The store has created 50 new jobs in the town and is directly opposite the Tesco Extra store and close to Next, Brantano and Barrow Rugby League Football Club. The opening represents the first outlet for Frankie and Benny's in South Cumbria, their only other …

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Sainsbury's Supermarket Decision
26/04/2013

South Lakeland District Council have consented the old brewery town centre proposal for a new supermarket submitted by Positive Locations over the edge of town site by Sainsbury's. The town centre site is occupied by the former Robinson's Brewery, who have relocated to Backbarrow.

Sainsbury's have indicated that they are considering their position before deciding whether to appeal against the …

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New letting in Keswick to Field & Trek
15/04/2013

Acting on behalf of a private landlord, Peill & Company have let the former Millets units at 85/87 Main Street, Keswick CA12 5TD, to Field & Trek. The unit commenced trading within a week of the lease being completed. The property was let on the basis of a new 10-year full repairing lease and extends to a total of 2,700 sq ft on the ground floor. In house estates department acted on behalf of Field …

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Costa Coffee opens latest outlet in South Cumbria
10/04/2013

Acting on behalf of a private landlord, Peill & Company has let 36/38 Market Street, Ulverston to Costa Coffee, and the unit is now open and trading. The unit extends to a total of 1,500 sq ft and was let off an asking rental of £19,750 per annum. Morgan Martin acted on behalf of the tenant. The Ulverston outlet adds to the other Costa Coffee branches in Barrow in Furness, Kendal, Bowness on Windermere …

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Windermere Office Suites - Fully Inclusive Rents
07/03/2013

We have just commenced marketing 2 recently refurbished office suites in Pattinson House, Beresford Road, which are ready for immediate occupation, on a fully inclusive basis to include rent, heat, light and a broadband connection.

Ideal for a small enterprise, or a business looking to move into quality offices, perhaps after working from home, the suites are good quality space with Cat II …

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"Easy-in Easy-out" Retail Opportunities in Kendal
28/02/2013

At Blackhall Yard, Kendal, we are now offering retailers the opportunity to open in Kendal with 3 months rent free, and on "easy-in, easy-out" terms. This is a fantastic opportunity for either a new, or expanding business to try retailing in an excellent location, just off Stricklandgate in Kendal town centre.

The Blackhall Yard scheme has units from 224 sq ft upwards, and from rents …

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University of Cumbria Portfolio Comes to Market
12/02/2013

Peill & Company have been instructed jointly with Michael CL Hodgson of Kendal on the sale of various properties in Ambleside on behalf of the University of Cumbria. The properties range from the development opportunity of the former Kelsick School overlooking the village & the lake at an asking price of £1.0m to individual properties from £200,000. Further information is available on the website, …

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Costa Coffee take South Lakes unit
04/02/2013

Peill & Company have acted for a private landlord in securing the letting of a unit at 36/38 Market Street, Ulverston to Costa Coffee. The former Your Move estate agency unit extends to ground floor of 135 sq m (1,453 sq ft) plus basement ancillary. Planning was granted for change of use by South Lakeland District Council and fit-out works have commenced with the unit due to open shortly. Morgan Martin …

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Charity Cycle Ride in aid of Parkinson's
05/12/2012

Andrew Peill, one of our directors has just returned from a 10-day mountain bike ride through Vietnam and Cambodia, in order to raise money for Parkinson's UK. His team of 4 intrepid riders (all north of 60 years old!!) have, impressively raised around £10,000 so far, but please visit the JustGiving page at http://www.justgiving.com/Andrew-Peill It was a pleasure to see Andrew back in the office in …

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Peill & Company re-locate to new offices
01/12/2012

After more than 30 years in business, we thought the time was right for a change of scenery and we have now completed the re-location of our offices in Kendal. However, we haven’t gone far – just next door in fact! Our new offices are situated at Tanners House at Kent View on the opposite side of our car park to the old offices. The re-location is completed with effect from 1st December 2012, so …

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Peill & Company advise on Lanes Shopping Centre Acquisition
21/11/2012

Peill & Company have advised Hawkin's Bazaar on the acquisition of Unit 4, 7 Globe Lane in The Lanes Shopping Centre. Peill and Company are the Cumbria and north Lancashire member of Property Agents Independent (PAI) www.pai.uk.com and the advice is an example of the collaboration between member firms – Hawkin’s Bazaar’s retained property advisers are Williams Gunter Hardwick of Bristol. Being …

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Sainsbury’s submit plans for new store in Ulverston
19/11/2012

Sainsbury’s supermarket have now revised plans for their proposed store in Ulverston, and have now submitted a planning application for a 20,000 sq ft food store plus petrol station and car wash, 260 car parking spaces and new business units. The preferred site for Sainsbury’s is on the western edge of the town opposite the Daltongate Business Centre and has been favoured over the former Robinsons …

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Tesco Convenience Store Investment
16/11/2012

Peill & Company have been instructed in the sale of a convenience store investment let to Tesco Express on a new 20 year lease from July 2012 at £53,000 p.a. at an asking price of £770,000, representing an attractive 6.5% net initial yield. The 4,000 sq ft unit is currently being fitted out by Tesco as a Tesco Express and comprises part of the former Hitchins store in a prominent position at the …

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Peill & Company advises on new supermarket letting
16/11/2012

On November 14th Booths, the regional supermarket chain, opened their 29th store in the region at the Parkhouse Lakeland Estate in Milnthorpe, South Lakes. Peill & Company advised the landlords on the development from the early stages of the transaction at a completion of the letting, and are also in negotiations with potential occupiers for adjoining units. The Booths store comprises 10,000 sq …

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Kendal – South Lakes office/industrial complex sold
15/10/2012

Acting on behalf of a private investor, Peill & Company has successfully sold the vacant freehold property at Unit 16, Shap Road Industrial Estate in Kendal. The property comprises a high specification office/call centre with warehouse/workshop, garage and extensive secure compound with over 60 car parking spaces and total accommodation of approximately 604 sq m (6,500 sq ft) on a site of 0.57 hectares …

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Charity Cycle Ride in aid of Parkinson’s UK
12/10/2012

In November, Andrew Peill is intending to cycle from Vietnam to Cambodia over 8 days, averaging between 30 km to 95 km per day. Unlike most charity bike rides, which tend to be on road bikes, this will be on mountain bikes which are more suited to the Vietnamese terrain. Andrew, together with 3 friends, is raising money on behalf of Parkinson’s UK (charity registration no 258197) and donations can …

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Roadside site sold freehold
25/09/2012

Acting on behalf of private client, Peill & Company successfully sold the freehold interest in 28/30 Shap Road in Kendal, the former Westmorland Car Sales site. The property, which extends to approximately 0.20 hectares (0.5 acres,) has been sold to a main franchise motor dealer off an asking price of offers over £350,000. The property was sold by setting a closing date for offers after competitive …

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BT lets surplus transport depot
20/09/2012

Acting on behalf of BT, Peill and Company have let 466 sq m (5,012 sq ft) in Kendal, on Sandylands Road, to Continental Landscapes who provide grounds maintenance services to South Lakeland District Council. Continental are re-locating from their existing base on Mintsfeet Industrial Estate and the property will serve as a new depot for the South Lakes area. The property was let off an asking rental …

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Training company takes new warehouse in Ulverston
25/08/2012

Acting on behalf of a private client, Peill and Company have let 1,035 sq m (12,240 sq ft) of modern industrial premises at Lightburn Trading Estate in Ulverston to Gen II Training, for a term of 4 years. The property sits on a relatively large site of approximately 0.30 hectares (0.75 acres). Nearby occupiers include Mercedes Benz of South Lakes, Cumbria County Council and the proposed new Sainsbury’s …

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North Lakes Pub & Holiday Lodge Development sold for LPA Receivers
27/07/2012

Acting on behalf of Begbies Traynor, Peill & Company have sold the freehold interest in the Sour Nook Inn at Sebergham, near Wigton, just south of Carlisle. There was strong interest in the property after it had failed to sell at auction, and Peill & Company set a closing date for offers and successfully negotiated a sale by private treaty. The property included the closed public house, owners’ accommodation, …

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Bowness on Windermere - Lake Road/Ash Street
17/12/2010

Acting on behalf of an owner occupier, Peill & Company have recently sold the former Anne Wilson ladies' fashion shop in the centre of Bowness on Windermere.  The property has now been fitted out and re-opened as Brysons of Keswick and operating as a craft bakery and tea rooms.  This adds to Brysons existing outlets in Keswick and Cockermouth.  The unit occupies a prime position with the benefit …

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Keswick - 6/8 St Johns Street New Letting
05/08/2010

August 2010

Acting on behalf of a private landlord, Peill & Company have concluded the letting of a town centre shop in Keswick to Love the Lakes (www.lovethelakes.net) as their second outlet in the Lake District National Park.  The unit is in addition to their existing outlet on Ash Street, Bowness on Windermere, and expands their business …

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Peill & Company wins National Award
20/05/2010

Peill & Company, commercial chartered surveyors based in Cumbria, have been awarded the title of Most Active Agent in Lancashire & Cumbria for 2009/2010 by the property industry magazine, Estates Gazette. The researchers at Estates Gazette Interactive analysed details of transactions across all sectors of commercial property throughout Cumbria and Lancashire for the period 31 March 2009 to 1 April …

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Carlisle store let to Mamas & Papas retailer
30/03/2010

Acting on behalf of a private investor, Peill & Company have completed the letting of Unit 1 at Byron House, Shaddongate, Carlisle, which is opposite the proposed new Sainsbury's supermarket to an exclusive retailer for Mamas and Papas. The unit extends to a total of 2989 sq ft, and the tenants have taken a new 10 year lease.

Units 2 & 3 at the scheme are …

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New Booths Supermarket Proposed
24/02/2010

Peill & Company have agreed terms for a new Booths supermarket in Milnthorpe, and the Preston-based supermarket chain have commenced a public consultation process for the new store. The supermarket is proposed to be 9,500 sq ft and will be located at the Parkhouse Lakeland Estate, and is intended to serve the residents of Milnthorpe and Arnside, complementing Booths existing outlets in Kirkby …

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Former Kwik Save supermarket sold
13/01/2010

Acting on behlaf of a property company, Peill & Company have recently completed a freehold sale of the former Kwik Save supermarket on Holker Street, Barrow-in-Furness to local healthcare and pharmacy group J N Murray of Barrow-in-Furness. The local planning authority have granted planning consent for a change of use of the site to relocate the pharmacy's headquarters and distribution …

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Cabinet maker relocates to Crakeside Business Park
04/11/2009

Peill & Company have completed the letting of the first unit to be let at Crakeside Business Park at Greenodd, near Ulverston in South Lakeland. Unit 3B has been let to a locally-based Eduro Furniture, who are relocating to the unit as part of an expansion. Eduro have taken a unit of 993 sq ft.

The Crakeside Business Park is situated just off the A590 trunk road …

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Work starts on Carlisle relief road
20/10/2009

Work has started on a new 5-mile £176m by-pass, which will alleviate many of Carlisle's traffic problems. The new Carlisle Northern Development Route runs from junction 44 of the M6 motorway, through the centre of Kingmoor Park, and links with the A595 at Newby West. The road will take a significant amount of passing traffic from Carlisle city centre, and offer better access to west Cumbria …

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Crakeside Business Park, Greenodd, Nr Ulverston
04/10/2009

Peill & Company have been instructed to act on behalf of the owners of the Crakeside Business Park in south lakeland, close to Ulverston. The estate has, until recently, been occupied by one tenant, but now offers flexible business accommodation from 772 sq ft to a total of 11,000 …

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Argos take new store in Barrow-in-Furness
27/07/2009

Argos Extra have opened a new out of town store on Walney Road, Barrow-in-Furness in the refurbished former MFI store. The Extra store is in addition to the company's exisiting store in Dalton Road in the town centre, and occupies the former MFI unit.

The old MFI had been closed after being damaged by fire and was subsequently refurbished to create 3 new retail units. …

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Another former Woolworths store re-opens
24/07/2009

The former Woolworths store at 36-38 Highgate in Kendal has been taken by Home Bargains, part of the T J Morris group. The store, which opened earlier this month is one of a number of former Woolies stores in Cumbria which have now found new tenants, including those in Barrow-in-Furness, Ulverston, Penrith and Carlisle.

T J Morris operate over 180 stores in the UK …

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Tesco Express opens in Ulverston
22/07/2009

Tesco has opened their second Tesco Express convenience store in the south lakes this week, having taken a lease of the former Woolworths unit on Market Street, Ulverston. The supermarket chain already has an Express store in Bowness-on-Windermere, in addition to the nearby Tesco Extra & Tesco Metro stores in Barrow-in-Furness.

The Tesco Express in Ulverston opened its doors on 22nd …

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Sainsbury's in bid for Carlisle Superstore
21/07/2009

Sainsbury's in bid for new Carlisle store on Caldewgate
 
Sainsburys supermarkets have now submitted their planning application for a 60,000 sq ft store with petrol filling station in the Caldewgate area of the city. It is anticipated that the new supermarket will create 350 jobs and …

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New occupier for Derwent Howe Retail Park, Workington
21/05/2009

The rapidly expanded home furnishing store, Dunelm Mill have recently opened their second store in Cumbria at Derwent Howe Retail Park in Workington. The retailer has taken the former MFI Home Works store which was vacated when MFI went into administration.

The store, which extends to a total of approximately 2,500 sq m (27,000 sq ft) trades alongside …

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Allied Carpets Relocate in Carlisle
24/02/2009

Peill & Company have recently completed the letting of Byron House, Shaddongate to Allied Carpets, who have relocated their store from the Kingstown Retail Park in the City. Allied Carpets have taken a unit on the ground and part first floor of Byron House alongside retailers including Subway and Crown Berger, and adjacent to Thomson Roddick Laurie, the fine art auctioneers. Allied Carpets …

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Cumbria Commercial Investment Portfolio Acquired by Northern Trust
11/02/2009

Northern Trust has acquired two industrial estates and an office scheme totalling around 70,000 sq ft in Cumbria and, as part of the same deal, have sold their half of a Cleator Moor industrial estate in the county. The new assets comprise around 55 good quality industrial and office units, increasing Northern Trust’s Cumbrian portfolio to 17 industrial estates and office …

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Tesco to take Woolworths store
09/01/2009

Tesco has agreed to take a lease on the former Woolworths store on Market Street, Ulverston, and intend to open a Tesco Express convenience store during spring 2009. The deal will create between 25 and 30 jobs in the town. Peill & Company act on behalf of the landlord of the property & advised them on the transaction, and the letting secures the continuity of a national …

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Christmas Greetings
23/12/2008

The directors and staff of Peill & Company would like to take this opportunity to wish all of our clients and fellow professionals a Happy Christmas and prosperous New Year during 2009, and hope that the UK economy picks up gradually during the course of the next year! (Let's face it, it can't get much worse - can it?!)

As in previous years, …

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New offices in Barrow-in-Furness
03/12/2008

The first letting of office space at Emlyn Hughes House in Barrow-in-Furness has recently completed and the first tenant takes occupation this month. Peill & Company have let the first floor of the prime office building to the Crown Prosecution Service (CPS) who will be creating new jobs in the building, and relocating staff …

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Kendal Rugby club to relocate
07/11/2008

Kendal Rugby Club has announced overwhelming support from its members to relocate from their existing ground at Mint Bridge on Shap Road in the town to a new purpose-built state of the art site at Strawberry Fields on Oxenholme Road, to the south of Kendal. Work is underway on submitting a planning application for the redevlopment of Mint Bridge …

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Fat Face Opens New Store
30/10/2008

October 2008

Fat Face, the fashion retailer have recently opened their new store at 15-17 Stricklandgate in Kendal. The unit extends to a ground floor sales area of approximately 1,400 sq ft (127 sq m) and is in a prime location adjacent to the famous Farrer's of Kendal coffee merchant. The retail unit, which is within a listed building is the fifth Fat Face store in Cumbria, complementing …

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New Multi-Million Pound Base for South Lakes Company
23/10/2008

October 2008

Work is well underway on creating a new multi-million pound base for the international oil field service company Expro’s Tronic division in Ulverston, south Cumbria.

The company, which is relocating from its historic Sandside Road home is moving to a new purpose-built property on the Low Mill Business Park with completion due for mid-2009.  …

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South Lakeland - New Business Park Work Commences
03/10/2008

October 2008

Peill and Company are advising Houghton Coachworks on the development of a new business park in Milnthorpe close to Junction 36 of the M6 Motorway and offering excellent access to Kendal, South Lakes, North Lancashire and the M6 Motorway.  The development will comprise a total of 35,000 sq ft with units ranging in sizes from 2,000 sq ft to 5,000 sq …

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Carlisle - New out of town store for Argos
29/09/2008

September 2008

Argos have agreed to take an assignment of the lease of the Allied Carpets unit on Kingstown Retail Park at Greymoorhill adjacent to Junction 44 of the M6 Motorway.  The unit, which has as open A1 consent satisfies a longstanding requirement from Argos for larger premises in the City.  Kingstown Retail Park has representation …

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Carlisle - New Subway Roadside Store Letting
09/09/2008

September 2008

Acting on behalf of a private investor, Peill and Company has negotiated an off market transaction in letting De Quincey House, the Maltings, Shaddongate, as a new Subway store.  The property, which was previously occupied by Blazes Fireplaces was let on the basis of a new 10 year lease …

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Carlisle  Exchange House Refurbishment Completed
06/08/2008

Work has recently been completed on the second phase of the refurbishment of the former BT Exchange on Cecil Street in Carlisle to create a mixed use development comprising 63 bedroomed Travelodge Hotel (Phase 1 – which opened in April 2008) and 10,861sq ft of office and ancillary accommodation.

The second phase will be completed at the beginning of August and …

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Crazy Horse Statue Unveiled
21/05/2008

A statue commemorating the Liverpool and England legend Emlyn Hughes has been unveiled outside a new office development which bears his name in his home town of Barrow-in-Furness. The event was hosted by the developers of the offices, Barrow Borough Council and the statue was dedciated by the Football Association …

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Boost for jobs in south Cumbria
21/05/2008

Job prospects in south Cumbria have received a boost from the announcement by the Ministry of Defence that they are ready to sign the contract for two new aircraft carriers for the Royal Navy. The two "super carriers" will be built by a joint venture between BAE Systems in Barrow-in-Furness and VT Shipbuilders. …

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Lancaster - Marketgate Shopping Centre
15/05/2008

The Marketgate Shopping Centre in Lancaster, which links Penny Street with Market Street, and which has representation from occupiers such as HMV, New Look, WH Smith, Waterstones and an entrance into Marks & Spencer has recently changed hands, having been purchased by Allied Estate Property Trust. Peill & Company …

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New Tesco Metro store opens in Barrow in Furness
18/03/2008

Barrow in Furness – New Tesco Metro Store Opens

Tesco have refurbished the former Kwik Save store on Flass Lane in the Roose area of Barrow as a new Tesco Metro store which opened at the end of February.  The store, which extends to a total of 11,500 sq ft complements the supermarket’s existing Tesco Extra store in the centre of the town.  Peill & Company are currently …

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Barrow in Furness - Hindpool Retail Park, New B&Q Warehouse & JJB Fitness Club
08/02/2008

February 2008

Work continues apace on the construction of the new B&Q warehouse and JJB Sports Health & Fitness outlets at Hindpool Road, immediately adjacent to the existing Hindpool Retail Park with representation from Tesco Extra, Homebase, Halfords, Pets at Home and Iceland.  The new development, being carried out by Positive Locations of Cheshire, …

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New Travis Perkins Depot
01/02/2008

pJanuary 2008/p
pActing on behalf of a private vendor, Peill & Company have recently agreed the freehold sale of the former Cumbria Shop Fitting premises at Penrith Road to Travis Perkins, who intend to open a new trade warehouse to compliment their existing premises in Workington and Penrith.  After lengthy negotiations and planning applications, a change of use has been granted by the Lake District …

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