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60-62 Highgate 3,564 SF 100% Leased Retail Building Kendal LA9 4TF $400,406 ($112.35/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
$400,406
Price Per SF
$112.35
Cap Rate
7.42%
NOI
$29,710
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
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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60-62 Highgate
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