5 Finkle Street, Kendal Lake District Cumbria LA9 4AB

5 Finkle Street, Kendal
Lake District
Cumbria
LA9 4AB

Freehold Retail Investment

Prime pedestrianised location in town centre
Let to Burton/Dorothy Perkins Properties Limited (t/a Dorothy Perkins)
Close to Highgate, Market Place and Westmorland Shopping Centre
Nearby occupiers include Jessops, Greggs, Lloyds TSB, TK Maxx, Santander and Phones 4 U
Six Week Completion Available

Lot
12
Auction
8th December 2011
Rent
£48,500 per Annum Exclusive
Status
Sold
Price
£525,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Prime pedestrianised location in town centre
Let to Burton/Dorothy Perkins Properties Limited (t/a Dorothy Perkins)
Close to Highgate, Market Place and Westmorland Shopping Centre
Nearby occupiers include Jessops, Greggs, Lloyds TSB, TK Maxx, Santander and Phones 4 U
Six Week Completion Available

Lot 12
Auction 8th December 2011
Rent £48,500 per Annum Exclusive
Status Sold
Price £525,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 21 miles north of Lancaster, 23 miles south of Penrith, 11 miles west of Lake Windemere
Roads: M6 (Junctions 36 and 37), A591, A590
Rail: Kendal Rail
Air: Leeds Bradford International Airport, Durham Tees Valley Airport

Situation

Kendal is an attractive historic town and a popular tourist destination due to its close proximity to the Lake District National Park. The property is prominently situated in the town centre on the pedestrianised retail thoroughfare of Finkle Street, close to other popular retail thoroughfares Highgate, Market Place and Westmorland Shopping Centre. Nearby occupiers include Jessops, Greggs, Lloyds TSB, TK Maxx, Santander and Phones 4 U.

Tenure

Freehold.

Location

Miles: 21 miles north of Lancaster, 23 miles south of Penrith, 11 miles west of Lake Windemere
Roads: M6 (Junctions 36 and 37), A591, A590
Rail: Kendal Rail
Air: Leeds Bradford International Airport, Durham Tees Valley Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor with ancillary accommodation on the first floor. The tenant also occupies 3 Finkle Street and have created an internal access between the properties.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First	Retail Ancillary	112.88 sq m 64.38 sq m	(1,215 sq ft) (693 sq ft)	BURTON/DOROTHY PERKINS PROPERTIES LIMITED (t/a Dorothy Perkins) (1)	5 years from 10/01/2009 (2) (by way of a lease renewal)	£48,500
Totals		177.26 sq m	(1,908 sq ft)			£48,500

(1)Burton/Dorothy Perkins Properties Limited is a subsidiary of Arcadia Group who are the UK's largest privately owned clothing retailer with more than 2,500 outlets. The group consists of Burton, Dorothy Perkins, Evans, Miss Selfridge, Topman, Topshop and Wallis. (Source: www.arcadiagroup.co.uk 11/11/2011)