Penrith guest house sale

29 December 2005
Penrith guest house sale

The Norcroft Guest House in Penrith, Cumbria, has been sold by owners Tim and Elizabeth Blagborough to Paul Lamb, who moves to the centre of Penrith from Great Strickland.

The guest house has nine en-suite letting bedrooms, plus a self-contained two storey apartment for the owners.

The property was sold on a new 15-year lease with three-yearly rent reviews on a full repairing and insuring basis, from an asking price of £100,000 for the lease, goodwill, fixtures and fittings.

Colliers Robert Barry was the agent.

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