Summary

• Bank investment at a very attractive yield
  
• Prime position in a pedestrianised town centre location.
  
• Full repairing and insuring lease yielding 8.66% gross with no tenant breaks.
  
• ASKING PRICE £375,000

Location

This property is situated on Finkle Street in the market town of Kendal in South Lakeland, Cumbria. Kendal is the administrative centre for the South Lakes, being the home of the Lake District National Park Authority and South Lakeland District Council.  Kendal is serviced by two train stations – Kendal Town and Oxenholme, giving excellent rail links to the wider national network and a town centre bus station. The national motorway network is also close at hand with junctions 36 and 37 to the south and north of the town respectively and each within 8 miles.  The Lake District National Park was awarded the coveted UNESCO World Heritage Site status in July 2017 with Kendal widely being known as being the Gateway to The Lakes.  Finkle Street is one of the main pedestrianised retail streets in the centre of Kendal and is the home to retailers such as Joules B, Virgin Money, Cumberland Building Society, White Stuff and The Works.

Description

The property comprises an attractive stone built mid terrace banking premises with a modern banking hall to the ground floor and further ancillary accommodation to the rear, the first and second floor and the basement.  The ground floor is presently configured in part as a modern open plan banking hall with stair access off to both the basement and upper floors. To the rear at ground floor are partitioned offices and meeting rooms and access out to a small enclosed yard that leads out to a service area.  Stairs from the banking hall lead to the upper two floors that are presently used by the bank for offices and stores with ancillary staff welfare areas.  The property is currently occupied by Lloyds Bank Plc by way of a full repairing and insuring lease.