Entirely let to WH Smith until December 2027 (subject to option)
Approx. 420.40 sq m (4,523 sq ft)
Rent rebased in 2022 (from £68,900 pa)
Prominent market square position
Adjacent to Elephant Yard and Opposite Westmorland Shopping Centre
Nearby occupiers include Pizza Express, McDonalds, Waterstones, Holland & Barrett, TK Maxx, Mountain Warehouse, Boots and Costa
Lot 27
Auction 27th March 2025
Rent £55,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 miles east of Windermere, 47 miles south of Carlisle, 70 miles north of Manchester
Roads
A6, A590, A684, M6 (Junction 36)
Rail
Kendal Rail Station
Air
Newcastle Airport
Situation
The property is located on the west side of the pedestrianised Sticklandgate in the heart of Kendal town centre. The property is situated immediately adjacent to the Elephant Yard Shopping Centre and opposite Westmorland Shopping Centre. Nearby occupiers include Pizza Express, McDonalds, Waterstones, Holland & Barrett, TK Maxx, Mountain Warehouse, Boots and Costa Coffee.
Tenure
Freehold.
Location
Miles
8 miles east of Windermere, 47 miles south of Carlisle, 70 miles north of Manchester
Roads
A6, A590, A684, M6 (Junction 36)
Rail
Kendal Rail Station
Air
Newcastle Airport
Situation
The property is located on the west side of the pedestrianised Sticklandgate in the heart of Kendal town centre. The property is situated immediately adjacent to the Elephant Yard Shopping Centre and opposite Westmorland Shopping Centre. Nearby occupiers include Pizza Express, McDonalds, Waterstones, Holland & Barrett, TK Maxx, Mountain Warehouse, Boots and Costa Coffee.
Tenure
Freehold.
Description
The property comprises a double fronted shop arranged on the ground, first and second floors.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted shop arranged on the ground, first and second floors.
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 sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground First Second
Retail Ancillary Ancillary
205.40 172.40 42.60
(2,210) (1,855) (458)
WH SMITH RETAIL HOLDINGS LIMITED (2)
Approx. 5 years from 26/05/2022 until 09/12/2027 (3)
£55,000
Total
420.40
(4,523)
£55,000
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (2) WH Smith is a leading global travel retailer for news, books and convenience and operating from over 1,700 stores worldwide (www.whsmithplc.co.uk). (3) The lease provides for a tenant option to determine on 26/05/2026.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
