For Sale by Auction on 25th July 2024
An attractive six storey period building of traditional construction built in 1873. It totals about 889.10 sq m (9,571 sq ft) and underwent a major refurbishment. Barclays Bank have been in occupation since 1969 and currently use the ground floor as the main banking hall with the upper floors as ancillary offices. There are 6 car parking spaces to the rear.
Location
Kendal is a market town and civil parish in the South Lakeland District of Cumbria. Historically in Westmorland, it lies 8 miles south east of Windermere, 19 miles north of Lancaster, 23 miles north east of Barrow-in-Furness and 38 miles north west of Skipton, in the dale of the River Kent, from which comes its name. Kendal is the main gateway town to the Lake District, with excellent road access with the A65 joining the M6, and nearby A501 to Windermere. The property is located on the east side of Highgate between its junction with Finkle Street and Lowther Street. Nearby occupiers include Boots, Savers, Greggs and Bank of Scotland.
Accommodation
Basement - 99.00 sq m (1,066 sq ft)
Lower Ground Floor - 41.15 sq m (443 sq ft)
Upper Ground Floor - 56.30 sq m (606 sq ft)
Ground Floor - 359.05 sq m (3,865 sq ft)
First Floor - 217.85 sq m (2,345 sq ft)
Second Floor - 115.75 sq m (1,246 sq ft)
Total - 889.10 sq m (9,571 sq ft)
Terms
Guide Price - £1,300,000
Specification
- Freehold Bank investment (undergone large refurbishment programme)
- Let to Barclays Bank who have been in occupation since 1969
- Attractive town centre location
- Currently producing £87,400 per annum
- NO VAT applicable
- Reflecting a gross yield of 9.2% gross yield