37 & 39 Finkle Street, Kendal, Cumbria, LA9

LOCATION/LOCAL MARKET

The retail units form part of Spinning Jennies, a contemporary mixed-use redevelopment of the former Beales department store, located on Finkle Street which forms part of Kendal's main and pedestrianised retailing centre, connecting with Stricklandgate/Highgate to the north and Stramongate, Branthwaite Brow and Market Place to the south. Finkle Street has a range of shops, banks and cafes including Jules B, White Stuff, Nationwide, Yorkshire Building Society, Nevisport as well as a vibrant mix of local retailers, cafes and restaurants.

Kendal town centre is set to benefit significantly from a major £13.7 million Levelling Up Funding investment, spearheaded by a partnership between Kendal College and Westmorland & Furness Council. Kendal College has expanded into the upper floor of the previously underutilised Westmorland Shopping Centre, establishing its third campus location in the heart of Kendal. The initial phase has already brought around 80 staff and 200 students into the town centre daily, positively impacting local retail and hospitality businesses, as the college intentionally does not offer catering to encourage local spending.

The next phase of the of the college campus development will see a £2.5 million investment, which will increase student numbers to over 500. Other areas of funding include the Market Hall (£4.5 million) to create a state-of-the-art facility, Market Place (£4.5 million), and improvements to Kent Street adjacent to Spinning Jennies and The Riverside (£3 million). These investments will enhance Kendal's retail core, support local businesses, and strengthen the overall economic vibrancy of the town.

37 & 39 Finkle Street are situated between Yorkshire Building Society and the Spinning Jennies Farm Shop & Retail Outlet, opposite New Shambles.

SPINNING JENNIES DEVELOPMENT

Formerly the Beales Department Store, which closed its doors in 2020, the Spinning Jennies scheme has been rolled out in phases which will involve the full redevelopment of Kendal's largest retail space to provide a variety of uses. Spinning Jennies have committed to revitalise a prime retailing area in Kendal and has transformed the ground floor into smaller trading spaces which are operated by local businesses, selling local quality products.

The development as a whole includes an urban market-style food hall with high quality independent producers, a champagne bar and tearoom, a boutique shopping floor with dedicated retail space for independent shops, creative businesses and innovative venue to work in, as well as residential and holiday accommodation.

The refurbishment of 37 and 39 Finkle Street formed part of Phase I of the development and the units have been completely renovated and modernised and are ready for immediate occupation.

The self-contained retail units with shop frontages and access from Finkle Street, providing excellent profile within one of the main shopping stretches of Kendal town centre. A floorplan is attached showing the open plan trading space, each unit has plaster painted walls and ceilings, LED downlighting, infrared heating, kitchenette and WC.

ACCOMMODATION

37 Finkle Street

Sales Area 38.18m2 (411 sq ft)
Shop Width 4.76m 16 ft
Shop Depth 8.19m 27 ft

39 Finkle Street

Sales Area 68.28m2 (735 sq ft)
Shop Width 4.58m 15 ft
Shop Depth 14.64m 48 ft

SERVICES

The units are connected to mains electricity, water and the mains drainage/sewage system and heating is via wall-mounted infrared heating units.

A service charge is administered to cover the buildings insurance, maintenance and management of Spinning Jennies with each tenant contributing an annual payment of 10% + VAT of their rental.

LEASE TERMS

The properties are available by way of new Internal Repairing & Insuring leases for a term to be agreed at the following rents:

37 Finkle Street - £12,000 per annum exclusive.

39 Finkle Street - £15,000 per annum exclusive.


RATEABLE VALUE

The units will be re-assessed upon occupation and 37 will likely benefit from small business rate relief. Prospective tenants should make their own enquiries direct to Westmorland & Furness Council.

ENERGY PERFORMANCE CERTIFICATE

The units will be assessed upon occupation.

VAT

All figures quoted are exclusive of VAT where applicable.

LEGAL COSTS

On agreement of terms, the tenant will pay £600.00 inclusive of VAT towards the lease preparation. Thereafter, each party to bear their own legal costs in the agreement of the lease documentation together with any VAT thereon.

VIEWING

The units are available to view by prior appointment with Edwin Thompson LLP. Contact:

John Haley Ellie Oakley

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 2025.