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3 Kirkland 469 sq ft 100% Let Retail Property Kendal LA9 5AF £112,500 (£239.87/sq ft) 5.78% Net Initial Yield



Investment Highlights
- Newly fitted MEV heating system
- Modernised to a good standard
- WC facilities
Executive Summary
An attractive commercial investment property situated in the popular Kirkland area of Kendal, currently let as office accommodation.
The property is let to an established office occupier from March 2023 on a 3-year lease, generating a passing rent of £6,500 per annum.
Sympathetically modernised to a good standard, the premises benefit from a recently installed MEV heating system (certification available upon request). While updated, the property retains its character features, including exposed ceiling beams.
The internal layout provides versatile accommodation comprising:
A self-contained office to the right-hand side upon entry, with a glazed window frontage onto Kirkland
Two steps leading down to an open-plan workspace with kitchenette and attractive window aspect overlooking the adjacent beck
A further small, self-contained office
The property is let to an established office occupier from March 2023 on a 3-year lease, generating a passing rent of £6,500 per annum.
Sympathetically modernised to a good standard, the premises benefit from a recently installed MEV heating system (certification available upon request). While updated, the property retains its character features, including exposed ceiling beams.
The internal layout provides versatile accommodation comprising:
A self-contained office to the right-hand side upon entry, with a glazed window frontage onto Kirkland
Two steps leading down to an open-plan workspace with kitchenette and attractive window aspect overlooking the adjacent beck
A further small, self-contained office
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
469 sq ft
Costar Property Class
B
Year Built
1920
Price
£112,500
Price per sq ft
£239.87
Yield
5.78%
NOI
£6,500
Occupancy Rate
100%
Number of Floors
2
Plot ratio
0.36
Total Plot Size
0.03 ac
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Nearby Major Retailers
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3 Kirkland
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