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60-62 Highgate 3,564 sq ft 100% Let Retail Property Kendal LA9 4TF £300,000 (£84.18/sq ft) 7.42% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located within a UNESCO world Heritage Site
- Located centrally in Kendal on the high street
EXECUTIVE SUMMARY
This is the opportunity to acquire 60-62 Highgate. The property is currently let to THEAWORLDUK CIC on an FRI lease for 5 years from 19th August 2025, at a current rent of £23,000pa. There is a mutual option to break at the end of the 3rd year. The lease is outside the security of tenure provisions of the Landlord & Tenant Act.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
3,564 sq ft
Costar Property Class
B
Year Built
1822
Price
£300,000
Price per sq ft
£84.18
Yield
7.42%
NOI
£22,260
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
0.91
Total Plot Size
0.09 ac
Parking
3 Spaces (0.84 Spaces per 1,000 sq ft Leased)
Frontage
25 ft on Highgate
AMENITIES
- 24 Hour Access
- Security System
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NEARBY MAJOR RETAILERS
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60-62 Highgate
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