Stramongate, Kendal, Cumbria, LA9

Kendal is a market town in Cumbria which lies within the River Kent's dale, from which the town's name is derived. Kendal boasts a population of 28,500 and is home to a selection of shopping arcades, two castles, three museums and a host of historical buildings and bridges. It attracts a lot of tourism year-round, being situated in the National Park just 9 miles from Windmere Lake, and is often referred to as "The Gateway to the Lakes".

The town is served by junction 36 of the M6 motorway. It is also fed by the A65 from North Yorkshire to the south, the A591 from Barrow and Ulverston to the north and the A684 from Sedbergh to the east. Kendal railway station is on the branch line from Oxenholme to Windermere, with the nearby Oxenholme station operating on the West Coast Main Line London to Glasgow route.

The property comprises a ground floor lock-up premises, being part of a three storey Grade II listed property which is constructed of local stone.

54 Stramongate previously traded as Walton's Bar & Grill on a leasehold agreement, therefore no trade figures are available. Over the last few years, the property has been subject to a huge renovation with much investment to the trade areas and a newly fitted commercial kitchen. It is our opinion that the business would suit an aspiring chef who wishes to continue a restaurant or bistro operation. This is an exciting opportunity in a prime high street location in a area of high footfall and may alternatively suit change of use (STPP).

VIRTUAL FREEHOLD to include fixtures and fittings.

The property is held on a 999 year lease from 1 January 2018. No rent is charged and the freeholder is 54 Stramongate Limited.

Or alternatively:

INGOINGS - Premium Price £45,000.
INVENTORY - An Inventory is included as part of the premium.
TERM -5 or 7 years.
LANDLORD & TENANT ACT 1954 - Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY - Fully assignable.
DEPOSIT - £10,000.
RENT -£30,000 per annum, paid monthly in advance.
RENT REVIEW - Subject to rent reviews every third year of the term.
REPAIR LIABILITY - Full repairing and insuring lease agreement.
TIE - Free of all trade ties.
INSURANCE - The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent. Accounts will be required at the time of any rent review.
VAT - VAT is not elected.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.