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36 Stramongate, Kendal , LA9

Offers in Region of
£147,500

£262.92 per sq ft

Business rates & charges may apply

DM Hall, Kendal
SIZE AVAILABLE

561 sq ft

52 sq m

SECTOR

Commercial development for sale

Key features

  • *Ideal SIPP Opportunity*
  • Let on a 10 Year Lease
  • Prominent Corner Position
  • 8 % Yield
  • Passing rent £12,000 pa
  • ASKING PRICE £147,500

Description

Located on Stramongate, in Kendal's town centre. Stramongate has recently undergone redevelopment and modernisation to allow for a pedestrian friendly gateway into the heart of the town. The property is set within a mixed use area, with neighbouring occupiers including, a hairdressers, fishmongers, public house and restaurant.

Occupying a very prominent position on the corner of Stramongate, 36 Stramongate is a Grade II listed property. The property is currently let to Kendal Vapes on a 10 year lease with a commencement date of 7 June 2022. There is a tenant only break option in June 2026 subject to 6 month's notice. A service charge is payable on the property which is paid by the tenant, this is currently £120pcm. Buildings Insurance is also recharged back to the tenant.

Asking Price :  £147,500

Contact:

Suzie Barron - suzie.

Caroline Hayton - caroline.

36 Stramongate, Kendal , LA9

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kendal Station0.3 miles
  • Oxenholme Lake District Station1.9 miles
  • Burneside Station2.0 miles

About DM Hall, Kendal

Stricklandgate, Kendal, LA9 4RA

Notes

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Disclaimer - Property reference 11467K. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by DM Hall, Kendal. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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