9 Highgate, Kendal, LA9 4DA

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Mat Harris

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Property Summary
  • Freehold Bank investment
  • Let to Barclays Bank who have been in occupation since 1969
  • Attractive town centre location
  • Currently producing £87,400 per annum 
  • Reflecting a gross yield of 8.74%
     
Tenure

Freehold

Location

Kendal is a market town and civil parish in the South Lakeland District of Cumbria. Historically in Westmorland, it lies 8 miles south east of Windermere, 19 miles north of Lancaster, 23 miles north east of Barrow-in-Furness and 38 miles north west of Skipton, in the dale of the River Kent, from which comes its name. Kendal is the main gateway town to the Lake District, with excellent road access with the A65 joining the M6, and nearby A501 to Windermere. The property is located on the east side of Highgate between its junction with Finkle Street and Lowther Street. Nearby occupiers include Boots, Laura Ashley and Bank of Scotland.

Description

An attractive six storey period building of traditional construction built in 1873. It totals about 889.10 sq m (9,571 sq ft) and has undergone a major refurbishment in 2017. It is believed that Barclays Bank has been in occupation since 1969 and currently use the ground floor as the main banking hall with the upper floors as ancillary offices. There are 6 car parking spaces to the rear. 

Planning

South Lakeland District Council (01539 733333) www.southlakeland.gov.uk

VAT
Please refer to Legal Documents
Property Table
FloorAccommodationTenancyRent PA
Basement
Lower Ground
Upper Ground
Ground
First
Second
99.00 sq m (1,066 sq ft)
41.15 sq m (443 sq ft)
56.30 sq m (606 sq ft)
359.05 sq m (3,865 sq ft)
217.85 sq m (2,345 sq ft)
115.75 sq m (1,246 sq ft)
Let to Barclays Bank PLC for 20 years from 06/03/2007 with 5 yearly rent reviews£87,400
TOTAL889.10 sq m (9,571 sq ft) £87,400

Measurements provided by the vendor. For the year ending 31 December 2018 Barclays Bank PLC reported a turnover of £13,600,000,000, a pre-tax profit of £1,286,000,000 million and a total net worth of £46,382,000,000 million (source Companies House).

 

 

EPC

Rating D Band 91


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