Retail Investment For Sale, 36 Stramongate, Kendal, LA9 4BU

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.

Location

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.

Accommodation

Size - 561 sq ft (52.12 sq m)

Terms

Asking Price: £147,500

Specification

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