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1 Stramongate 2,456 SF Office Building Kendal LA9 4BH $466,337 ($189.88/SF)
INVESTMENT HIGHLIGHTS
- Kendal is situated in south Cumbria & lies approximately 8 miles from Windermere, 50 miles south of Carlisle and 25 miles north of Lancaster.
- Nearby operators include Jules B, White Stuff, The Works, various national banks and numerous independent coffee shops and restaurants.
- The M6 motorway junctions 36 and 37 are approximately 6 miles north and south from the centre of the town.
EXECUTIVE SUMMARY
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.
* PRIME RETAIL INVESTMENT *
* ONLY SUBWAY WITHIN KENDAL TOWN CENTRE *
* WAULT OF APPROXIMATELY 14.75 YEARS *
* POSITION FOR SUBWAY IN KENDAL SINCE 2014 *
* POTENTIAL TO INCREASE RENT REGULARLY *
*SALE PRICE: £350,000*
TENANCY
The premises are let on a 15 year FRI lease, with no tenant break, from February 2025.
The passing rent is £21,000 per annum exclusive.
The building is let to Vaah Ltd (company number 15014740) 12 Redthorn Grove, Birmingham B33 8BE. Security against the lease is provided by way of personal guarantors from the company directors.
The rent can be reviewed on an upwards only basis in the 5th and 10th years of the lease.
FOR FULL DETAILS CLICK ONTO OUR MARKETING DETAILS
* PRIME RETAIL INVESTMENT *
* ONLY SUBWAY WITHIN KENDAL TOWN CENTRE *
* WAULT OF APPROXIMATELY 14.75 YEARS *
* POSITION FOR SUBWAY IN KENDAL SINCE 2014 *
* POTENTIAL TO INCREASE RENT REGULARLY *
*SALE PRICE: £350,000*
TENANCY
The premises are let on a 15 year FRI lease, with no tenant break, from February 2025.
The passing rent is £21,000 per annum exclusive.
The building is let to Vaah Ltd (company number 15014740) 12 Redthorn Grove, Birmingham B33 8BE. Security against the lease is provided by way of personal guarantors from the company directors.
The rent can be reviewed on an upwards only basis in the 5th and 10th years of the lease.
FOR FULL DETAILS CLICK ONTO OUR MARKETING DETAILS
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
2,456 SF
Building Class
B
Year Built
1969
Price
$466,337
Price Per SF
$189.88
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
819 SF
Building FAR
0.81
Lot Size
0.07 AC
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- 24 Hour Access
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