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60-62 Highgate 3,564 SF 100% Leased Retail Building Kendal LA9 4TF $410,925 ($115.30/SF) 7.42% Cap Rate
Investment Highlights
- Located within a UNESCO world Heritage Site
- Located centrally in Kendal on the high street
Executive Summary
This is the opportunity to acquire 60-62 Highgate. The property is currently let to THEAWORLDUK CIC on an FRI lease for 5 years from 19th August 2025, at a current rent of £23,000pa. There is a mutual option to break at the end of the 3rd year. The lease is outside the security of tenure provisions of the Landlord & Tenant Act.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,564 SF
Building Class
B
Year Built
1822
Price
$410,925
Price Per SF
$115.30
Cap Rate
7.42%
NOI
$30,491
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.91
Lot Size
0.09 AC
Parking
3 Spaces (0.84 Spaces per 1,000 SF Leased)
Frontage
25’ on Highgate
Amenities
- 24 Hour Access
- Security System
1 1
Nearby Major Retailers
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
60-62 Highgate
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