Summary

• Let on a 10 Year Lease
  
• Prominent Corner Position
  
• 8 % Yield
  
• Passing rent £12,000 pa
  
• ASKING PRICE £147,500

Location

Located on Stramongate, in Kendal’s town centre. Stramongate has recently undergone redevelopment and modernisation to allow for a pedestrian friendly gateway into the heart of the town. The property is set within a mixed use area, with neighbouring occupiers including, a hairdressers, fishmongers, public house and restaurant.

Description

Occupying a very prominent position on the corner of Stramongate, 36 Stramongate is a Grade II listed property. The property is currently let to Kendal Vapes on a 10 year lease with a commencement date of 7 June 2022. There is a tenant only break option in June 2026 subject to 6 month’s notice. A service charge is payable on the property which is paid by the tenant, this is currently £120pcm. Buildings Insurance is also recharged back to the tenant.

Asking Price :  £147,500

Contact:

Suzie Barron – suzie.barron@dmhall.co.uk

Caroline Hayton – caroline.hayton@dmhall.co.uk