NatWest Bank Takes New Lease in Penrith

Peill & Company, the PAI member for Cumbria, Lancashire and the Lake District have concluded negotiations with NatWest Bank in Devonshire Street, Penrith to re-gear and take a reversionary lease for a new 10 year extension to take effect from February 2019. Simon Adams, Managing Director of Peill & Company commented, “We were delighted to be able to conclude negotiations with GVA, who were acting for NatWest Bank for a new lease to extend their occupation and add value to our client’s investment, particularly in light of the volume of bank branch closures around the country at present”. The resultant investment is being offered in the Allsop & Co London auction on 5 December and offers an excellent investment opportunity in the heart of an attractive market town on the edge of the Lake District National Park.