Penrith – Industrial Building and Yard Sold Freehold

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 extended to a total of 16,631 sq ft (1545 sq m) on a site of 1.11 acres (0.45 hectares).

Simon Adams, Director of Peill & Company commented “We had strong interest in the availability of the property, which was a rare opportunity for a freehold purchase in the town. Penrith continues to be a popular location for companies due to its proximity to the M6 motorway and junction with the A66 trans-Pennine trunk road".