1 Stramongate & 2 Kent Street, KENDAL

This prominent three-storey corner property occupies a highly visible position at the junction of Stramongate and Kent Street, benefiting from excellent footfall and convenient vehicle access. Long established as a Subway restaurant, it continues to trade successfully and remains the only Subway within Kendal town centre, reinforcing the strength of its location and tenant covenant.

The tenant occupies the entire building, which is arranged to provide basement storage, a well-presented ground-floor retail unit with extensive frontage, first-floor customer seating with ancillary office space, and further storage accommodation on the second floor.

Location

Kendal is situated in south Cumbria and lies approximately 8 miles from Windermere, 50 miles south of Carlisle and 25 miles north of Lancaster. The M6 motorway junctions 36 and 37 are approximately 6 miles north and south of the centre of the town. Kendal has a resident population of approximately 30,000 but enjoys significant tourist trade throughout the year due to its proximity to the Lake District and Yorkshire Dales National Parks.

The property is located on the corner of Stramongate and Kent Street, which is adjacent to Finkle Street and Market Place, the pedestrianized shopping streets for the town. Nearby operators include Jules B, White Stuff, The Works, various national banks and numerous independent coffee shops and restaurants

Accommodation

This property has been measured on a Net Internal Area basis and extends to the following approximate areas:

Terms

This is an attractive freehold investment given the length of lease, security and potential to review the rent regularly.

Offers in the region of £350,000 are invited for the freehold investment.

Services

We understand mains water, electricity and drainage are connected. Air conditioning has also been installed. The tenant is responsible for paying the various suppliers with respect to each of the services.

Business Rates

The Valuation Office Agency website describes the property as Shop and Premises with a 2023 List Rateable Value of £31,500. The Small Business Non-Domestic multiplier for the 2025/2026 rate year is 49.9p in the £.

EPC

The property holds a current Energy Performance Certificate rating of B-44.

VAT

We understand VAT is payable on the purchase price.