Retail premises for sale in Highgate, Kendal LA9

Tenure

Freehold.

Location

Kendal, with a population of some 25,461, is the main gateway town lo Ihe Lake District. Road communications are excellent will) the A65 linking to Junction 36 of the M6 to the south, the A6 running north along the eastern side of the Lake District to Penrith and the M6.The A501 runs west to Windermere.

The property is situated in a conservation area on the eastern side of Highgate between its junction with Finkle Street and Lowther Street in the town centre.

Occupiers close by include Thomson and Halifax Bank (adjacent), Santander, Greggs. Dorothy Perkins, Mountain Warehouse and Belfred amongst many others.

Description

This attractive property was built in 1873 as ’Kendal Bank', and has always beer) used as a banking hall. It is arranged on basement, lower ground, upper ground, ground and two upper floors to provide a ground floor banking hall with ancillary offices on the upper floors. The basement and lower ground floors being used as storage and ancillary accommodation. The property benefits from 6 car parking spaces to the rear.

For the avoidance of doubt the sale does not include that part of the adjoining property field by Barclays Bank on a separate short lease. There will be an obligation on the tenant to reinstate the party wall.

The property provides the following accommodation and dimensions:



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 889.1 sq m (9,571 sq ft)

Tenancy

The entire property is let to barclays bank plc for a term of 20 years from 6th March 2007 at a rent of £87,400 per annum.

The lease provides tor rent reviews on the 29th September 2018 and every fifth year thereafter and contains full repairing and insuring covenants subject to a schedule of condition. Aproxumately 3 years and 6 months to run on the held lease. Tennat has option to renew.

Tenant Information

Tlie tenant has been in occupation since 1969.

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