2-4 Market Square, Kirkby Lonsdale, Cumbria LA6 2AN

LOCATION

The property is situated on Market Square in the heart of the town of Kirkby Lonsdale, which is in the southeast of Cumbria, immediately adjacent to the western boundaries of the Yorkshire Dales National Park, in the North West of England.

Kirkby Lonsdale is a historic market town situated in South Lakeland and the Lune Valley alongside the River Lune, bordered to the north and east by the Yorkshire Dales, in close proximity to The Lake District National Park and Kendal to the northwest and Lancashire to the south. The town has a vibrant market square with a number of fashion and gift outlets, cafes and restaurants, a Booths Supermarket and desirable primary and secondary schools.

The local area is very popular with tourists due to the close proximity to the Yorkshire Dales National Park, The Forest of Bowland AONB and Lake District National Park as well as a number of picturesque and popular villages and attractions. Devil's Bridge, which is a scheduled ancient monument and a huge draw to tourists, is situated on the eastern outskirts.

Kendal, which is 12 miles to the north, 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. As well as all year-round tourism, Kendal benefits from a number of festivals and events.

Carlisle is the only city in Cumbria, around 60 miles to the north reached via the M6 which is the main route travelling up from Lancashire through Cumbria and to the Scottish Borders. Manchester is circa 70 miles to the south with Manchester International Airport a further 10 miles south. Oxenholme Train Station, which provides services on the West Coast main railway line, is located 11 miles to the north providing direct routes to London (approximate journey time 2 hours 50 minutes) and Glasgow (1 hour 45 minutes).

The A65 is a principal trunk road running from Leeds in a north westerly direction for approximately 60 miles before running through Kirkby Lonsdale to Junction 36 of the M6, 6 miles away and terminating in Kendal a further 15 miles to the north.


DESCRIPTION

The property forms an end of terrace two storey retail property of stone construction underneath a pitched slate roof, incorporating timber framed single glazed return frontage shop display, timber framed single glazed windows, dual customer entrance points and rear loading.

Internally, the property is arranged as an open plan shop and serving area, consultation room and staff area at ground floor and offices, staffroom and kitchen, stock room and WC facilities at first floor.

The property is situated on the prime retailing pitch of Market Square with excellent road frontage.


ACCOMMODATION

The property provides the following approximate net internal floor areas:

Ground Floor 72.41m² (779 sq ft)

First Floor 66.58m2 (717 sq ft)

Total Net Internal Area 138.99m² (1,496 sq ft)


SERVICES

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

Prospective purchasers should make their own enquiries as to the services available for future use.


TENANCY

The property is let to Boot UK Ltd on a 5 year lease from 7 September 2020 at a rental of £12,000 per annum with a tenant break option on 7 September 2023, which has now passed, on internal repairing and insuring terms subject to a schedule of condition.

A copy of the lease agreement is available upon request.


ENERGY PERFORMANCE CERTIFICATE

The building has an Energy Performance Asset Rating of D87 and a copy of the certificate is available upon request or to download from the Government's online EPC database.


TENURE

The land and property is being sold freehold of the whole with the existing lease in place.


PROPOSAL

Offers are invited at a guide price of £160,000 exclusive, subject to the existing tenancy, equating to a gross initial yield of 7.50%.

Please note the Vendor is not obliged to accept the highest or any offer, subject to contract


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 sale documentation together with any VAT thereon.


VIEWING

The property is available to view by prior appointment with Edwin Thompson LLP. Contact:

Joe Ellis at the Edwin Thompson Windermere Office.


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 October 2023.