Led by Matt Lenzie, ex-Lloyds Bank and Bank of Scotland, we arrange commercial mortgages, bridging finance, and development finance for property professionals across Penrith and Cumbria.
Direct relationships with executives and board members of the UK's leading lenders
Former Lloyds Bank and Bank of Scotland professionals who understand lender criteria inside-out
Direct relationships with lender decision-makers for faster approvals and better terms
Proven success arranging complex commercial property finance across the UK
“Eastern gateway to Lake District. Strong tourism and agricultural economy. Market town character.”
— CMB Market Analysis
Penrith New Squares town centre scheme; Gilwilly Industrial Estate expansion; Carleton housing development; Eden Valley railway heritage; Castlegate heritage quarter improvements
| Property Type | Prime / Grade A | Secondary | Market Range |
|---|---|---|---|
| Office | £13 psf | £4 psf | £4 - £13 psf |
| Retail / Shop | £15 psf | £7 psf | £7 - £15 psf |
| Industrial | £6 psf | £3 psf | £3 - £6 psf |
Market estimates based on Q1 2026 regional benchmarking data. For accurate valuations, contact us for a detailed assessment.
Indicative gross yields. Actual returns depend on property condition, lease terms, and tenant covenant strength.
Penrith benefits from growing private investor interest, particularly in office & professional services opportunities.
Representative transactions reflecting current market activity. Prices are guide values based on comparable evidence.
Refurbished office space, Rheged Centre
Lock-up shop unit, Clifton
Light industrial unit with yard, Clifton
Licensed premises with flat above, Eamont Bridge
57-room hotel with bar and restaurant, Ullswater
Market estimates based on Q1 2026 regional benchmarking. For accurate valuations, contact us.
Founder & Principal Broker
With a career spanning Lloyds Bank, Bank of Scotland, and a partnership in a corporate finance business, Matt brings institutional-grade expertise to every deal in Penrith. Currently a board advisor to a pension administrator and trustee with £3.9bn of assets under advisory, Matt has raised over £300m of capital for property professionals across the UK.
View Full ProfilePenrith presents development opportunities linked to Penrith New Squares town centre scheme. Growing demand from the Agriculture & Livestock sector is creating opportunities for purpose-built commercial space and conversion projects. Strong transport links enhance viability for mixed-use and residential-led schemes.
Good appetite for tourism sector.
Our team has deep experience arranging commercial mortgages, bridging loans, and development finance across Penrith and the wider Cumbria region, from commercial property purchases to hotel and leisure acquisitions.
Penrith is the eastern gateway to the Lake District and a key service town for Eden Valley, sitting at the junction of the M6 and A66 trans-Pennine route. The commercial property market benefits from strong demand across Agriculture & Livestock, Tourism, Professional Services sectors, creating diverse occupier interest and reducing single-sector risk. With average yields of 5.8% and 12.8% price growth over five years, Penrith offers compelling returns for commercial property investors. Excellent connectivity via West Coast Main Line to London (3 hrs)/Glasgow (1hr 20) supports tenant demand and underpins long-term property values. Ongoing regeneration activity, including Penrith New Squares town centre scheme, further enhances the investment outlook and signals sustained public and private sector confidence.
The Penrith market requires realistic expectations around liquidity and exit timelines for commercial assets. Secondary location pricing can be volatile, and investors benefit from strong local knowledge and established lender relationships.
Penrith's commercial property landscape has been shaped by Penrith New Squares town centre scheme. Growth in the Agriculture & Livestock sector has driven notable investment activity, with occupier demand supporting new development and refurbishment projects across the area.
Penrith falls under Cumbria planning authority, where the adopted local plan supports commercial development and economic growth. Planning decisions reflect a balance between heritage conservation and enabling new investment, with CIL charges and Section 106 contributions applying to larger schemes.
Commercial property news for Penrith will appear here once available. Check back soon for the latest market updates.
We provide commercial mortgages, bridging finance, and development finance throughout Cumbria.
Commercial mortgage services available across Penrith and surrounding areas. View larger map
Office rents in Penrith range from approximately £4 per square foot for secondary space up to £13 per square foot for Grade A accommodation. Grade B office space, which represents the bulk of the market, typically commands around £6 per square foot. These figures are based on Q1 2026 regional market benchmarking.
Investment yields in Penrith vary by property type and grade. Current indicative yields are: offices at 7.32%-8.94%, retail at 8.97%-11.2%, industrial at 7.32%-8.23%. Prime yields are typically lower, reflecting stronger covenant strength and location quality. Contact us for a detailed yield analysis for your target property type.
Penrith's commercial property market includes offices, retail units, industrial premises, hotels and guest houses, pubs and restaurants. We arrange finance across all commercial property types, from standard office and retail purchases to specialist assets requiring tailored lending solutions.