3-5 Finkle Street, Kendal, Cumbria, LA9 4AB

LOCATION

The property is located on Finkle Street which is the pedestrianised prime retailing area in the heart of Kendal town centre.

Kendal is the principal town of South Lakeland and is situated just outside of the southern boundary of the Lake District National Park only 6 miles from Junctions 36 and 37 of the M6 Motorway. The town has a resident population of 29,495 (2011 Census) and is a popular tourist destination being 10 miles south of Windermere. The town has a weighted retail catchment in excess of 50,000 people and a greater district catchment in excess of 102,000. The district's Class Grouping indicates that in excess of 50% of the catchment area is of A, B or C demographic.

Oxenholme Train Station which is situated on the West Coast main railway line is located 3 miles to the south providing direct services to London (approximate journey time 2 hours 50 minutes) and Glasgow (1 hour 45 minutes).

Finkle Street forms part of Kendal's main retailing centre and connects with Stricklandgate/Highgate immediately to the north and Stramongate, Branthwaite Brow and Market Place to the south. Finkle Street has a range of shops, banks and cafes including Lloyds Bank, Nationwide, Yorkshire Bank, Nevisport and other nearby occupiers include TK Maxx, Fat Face, Greggs and Bodycare.

Kendal has a lively town centre which benefits from local and tourism trade from the Lake District National Park with a good mix of local, regional and national retailers and leisure outlets. As well as all year-round tourism, Kendal benefits from a number of festivals and events.

The attached GOAD plan shows the location of the premises (for identification purposes only).

DESCRIPTION / ACCOMMODATION

3-5 Finkle Street is two retail units currently arranged as a single unit. The premises comprise a mid-terrace building of stone construction beneath a pitched slate roof and each shop incorporates a timber framed single glazed shop facade at ground floor with central pedestrian door leading into an open plan sales area.

At first floor of 5 Finkle Street, there is a large stock room, secure manager's office, a staff room and two WCs.

The property has the option to sub-divide, subject to agreement with the landlord and provides the following approximate net internal floor areas:

3-5 Finkle Street
Ground Floor 185.8m2 (2,000 sq ft)
First Floor 102.2m2 (1,100 sq ft)
Second Floor 41.9m2 (451 sq ft)
Total 329.9m2 (3,551 sq ft)

5 Finkle Street
Ground Floor 107.95m2 (1,162 sq ft)
First floor 58.15m2 (626 sq ft)
Total 166.10m2 (1,788 sq ft)

SERVICES

The unit is connected to mains electricity, water and the mains drainage/sewage system.

LEASE TERMS

3-5 Finkle Street is available by way of a new Full Repairing & Insuring lease for a term to be agreed and at a rental of £55,000 per annum exclusive.

Should the property be sub-divided, 5 Finkle Street is available by way of a new Full Repairing & Insuring lease for a term to be agreed and at a rental of £27,500 per annum exclusive.

RATEABLE VALUE

The property currently has a combined assessment in respect of 3-5 Finkle Street and has a Rateable Value of £62,000.

The property is listed as a shop and premises and should the property be sub-divided, it will need to be reassessed upon occupation.

Prospective tenants should check the exact rates payable with South Lakeland District Council

ENERGY PERFORMANCE CERTIFICATE

An Energy Performance Certificate has been produced for the premises and is available to download from the Edwin Thompson website.

VAT

All figures quoted are exclusive of VAT where applicable.

LEGAL COSTS

Each party to bear their own legal costs in the preparation and settlement of the lease documentation together with any VAT thereon.

VIEWING

The unit is available to view by prior appointment with the Joint Agents, Edwin Thompson LLP and Legat Owen. Contact:

Joe Ellis at the Windermere Office

Or

James Lutton / Tom Creer (Legat Owen)

IMPORTANT NOTICE

Edwin Thompson for themselves and for the Vendor/Landlord of this property, whose Agents they are, give notice that:
1. The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, any offer or contract.
2. All descriptions, dimensions, plans, reference to condition and necessary conditions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their correctness.
3. No person in the employment of Edwin Thompson has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Agents, nor into any contract on behalf of the Vendor.
4. No responsibility can be accepted for loss or expense incurred in viewing the property or in any other way in the event of the property being sold or withdrawn.
5. These particulars were prepared in May 2023.