Oxenholme Road, Kendal

LOCATION
Location & Description:
The unit is located on a well-established modern build office park close to Kendal town centre within the south lakes. The unit has prominent frontage to Oxenholme Road at the entrance of Murley Moss Business Park. The unit is easy to find, being on a main bus route (A65) approximately 1mile south of Kendal town centre and a ¼ mile northwest Oxenholme the Lake District railway station (the gateway to the Lake District).

The premises comprise a modern corner plot office which is set within a terrace of three units. The office is arranged over ground and first floor having both open plan and cellular meeting room spaces and 1-2-1 interview accommodation. There is a well fitted kitchenette and male & female WC´s.

To the front the unit has 10 allocated car park spaces. Surrounding occupiers to the scheme comprise Asda supermarket & petrol filling station, B&Q, Westmorland General Hospital, Helm Chase Doctors Surgery, Friends of the Lake District, SPA Medica.

DESCRIPTION
The premises are available subject to an occupational tenancy. MHA Accountants hold a lease dated 11th April 2024 for 8 years, expiring 30th March 2032. The lease is FRI at an initial rent of £22,224. There is a tenant only break.

MHA comprise a firm of Chartered Accountants who form part of Baker Tilly International.

ACCOMMODATION
The internal accommodation extends to:
Grnd - 92.76 m2 / 998 ft2
FF - 98.09 m2 / 1,056 ft2
Total - 190.85 m2 / 2,054 ft2

AMENITIES
Surrounding occupiers to the scheme comprise Asda supermarket & petrol filling station, B&Q, Westmorland General Hospital, Helm Chase Doctors Surgery, Friends of the Lake District, SPA Medica.

TERMS
£275,000 - A purchase at this level equates to an 8.08% yield.

OUTGOINGS
The property has a 2023 List entry noted as:
- Office & Premises - RV £20,250.

VAT
VAT will not apply to the sale of this investment.

LEGAL COSTS
Each party shall bear their own costs.

SERVICE CHARGE
The office is held freehold, the car parking is held by way of a long lease. An estate charge applies and is recoverable from occupier. The occupier lease comprises a protected tenancy. Details on application.

PARKING NOTES
To the front the unit has 10 allocated car park spaces.

VIEWING
Viewing is available by appointment only through joint agents; Richard P Taylor Chartered Surveyors

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