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60-62 Highgate

3,564 SF Retail Building Kendal LA9 4TF £295,000 (£83/SF) 6.40% Net Initial Yield

Investment Highlights

  • Let to Scope who have Shareholder Funds of £43m
  • Grade II Listed Building
  • New 5 year Lease at market rent

Executive Summary

The property is available for sale, offers in excess of £295,000, which reflects a net initial yield of 6.4% after purchaser’s costs of 3.24%.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Health Club
Building Size
3,564 SF
Building Class
B
Year Built
1822
Price
£295,000
Price Per SF
£83
Net Initial Yield
6.40%
NOI
£18,880
Tenancy
Single
Number of Floors
4
Building FAR
0.88
Lot Size
0.09 AC
Parking
3 Spaces (0.84 Spaces per 1,000 SF Leased)
Frontage
25 ft on Highgate

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Service type
  • -
  • -
  • Jan 0000

Scope, the disability equality charity in England and Wales. They provide practical information and emotional support when it's most needed, and campaign relentlessly to create a fairer society.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Service type - - Jan 0000

Nearby Major Retailers

HSBC
Booths
National Westminster Bank Plc
Costa Coffee
Table Table
Iceland
Caffe Nero
Santander
Barclays Bank
Lloyds Bank
  • Listing ID: 25722108

  • Date on Market: 17/05/2022

  • Last Updated:

  • Address: 60-62 Highgate, Kendal LA9 4TF

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