Retail premises for sale in Market Square, Kirkby Lonsdale LA6, £160,000

160,000.00

Offer Nr.:
65852614
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Edwin Thompson
Phone(s):
0153 94 56083

**Location
**
The property is situated on Market Square in the heart of the town of Kirkby
Lonsdale, which is in the southeast of Cumbria, immediately adjacent to the
western boundaries of the Yorkshire Dales National Park, in the North West of
England.
Kirkby Lonsdale is a historic market town situated in South Lakeland and the
Lune Valley alongside the River Lune, bordered to the north and east by the
Yorkshire Dales, in close proximity to The Lake District National Park and
Kendal to the northwest and Lancashire to the south. The town has a vibrant
market square with a number of fashion and gift outlets, cafes and
restaurants, a Booths Supermarket and desirable primary and secondary schools.
The local area is very popular with tourists due to the close proximity to the
Yorkshire Dales National Park, The Forest of Bowland aonb and Lake District
National Park as well as a number of picturesque and popular villages and
attractions. Devil’s Bridge, which is a scheduled ancient monument and a huge
draw to tourists, is situated on the eastern outskirts.
Kendal, which is 12 miles to the north, is the principal town of South
Lakeland and is situated just outside of the southern boundary of the Lake
District National Park only 6 miles from Junctions 36 and 37 of the M6
Motorway. The town has a resident population of 29, 495 (2011 Census) and is a
popular tourist destination being 10 miles south of Windermere. The town has a
weighted retail catchment in excess of 50, 000 people and a greater district
catchment in excess of 102, 000. The district’s Class Grouping indicates that
in excess of 50% of the catchment area is of A, B or C demographic. As well as
all year - round tourism, Kendal benefits from a number of festivals and events.
Carlisle is the only city in Cumbria, around 60 miles to the north reached via
the M6 which is the main route travelling up from Lancashire through Cumbria
and to the Scottish Borders. Manchester is circa 70 miles to the south with
Manchester International Airport a further 10 miles south. Oxenholme Train
Station, which provides services on the West Coast main railway line, is
located 11 miles to the north providing direct routes to London (approximate
journey time 2 hours 50 minutes) and Glasgow (1 hour 45 minutes).
The A65 is a principal trunk road running from Leeds in a north westerly
direction for approximately 60 miles before running through Kirkby Lonsdale to
Junction 36 of the M6, 6 miles away and terminating in Kendal a further 15
miles to the north.
**Description
**
The property forms an end of terrace two storey retail property of stone
construction underneath a pitched slate roof, incorporating timber framed
single glazed return frontage shop display, timber framed single glazed
windows, dual customer entrance points and rear loading.
Internally, the property is arranged as an open plan shop and serving area,
consultation room and staff area at ground floor and offices, staffroom and
kitchen, stock room and WC facilities at first floor.
The property is situated on the prime retailing pitch of Market Square with
excellent road frontage.
**Accommodation
**
The property provides the following approximate net internal floor areas:
Ground Floor 72. 41m² (779 sq ft)
First Floor 66. 58m2 (717 sq ft)
Total Net Internal Area 138. 99m² (1, 496 sq ft)
**Services
**
The unit is connected to mains electricity, water and the mains
drainage/sewage system.
Prospective purchasers should make their own enquiries as to the services
available for future use.
**Tenancy
**
The property is let to Boot UK Ltd on a 5 year lease from 7 September 2020 at
a rental of £12, 000 per annum with a tenant break option on 7 September 2023,
which has now passed, on internal repairing and insuring terms subject to a
schedule of condition.
A copy of the lease agreement is available upon request.
**Energy performance certificate
**
The building has an Energy Performance Asset Rating of D87 and a copy of the
certificate is available upon request or to download from the Government’s
online EPC database.
**Tenure
**
The land and property is being sold freehold of the whole with the existing
lease in place.
**Proposal
**
Offers are invited at a guide price of £160, 000 exclusive, subject to the
existing tenancy, equating to a gross initial yield of 7. 50%.
Please note the Vendor is not obliged to accept the highest or any offer,
subject to contract
**VAT
**
All figures quoted are exclusive of VAT where applicable.
**Legal costs
**
Each party to bear their own legal costs in the preparation and settlement of
the sale documentation together with any VAT thereon.
**Viewing
**
The property is available to view by prior appointment with Edwin Thompson
llp. Contact:
Joe Ellis at our Windermere Office
**Important notice
**
Edwin Thompson for themselves and for the Vendor/Landlord of this property,
whose Agents they are, give notice that:
1\. The particulars are set out as a general outline only for the guidance of
intending purchasers and do not constitute, nor constitute part of, any offer
or contract.
2\. All descriptions, dimensions, plans, reference to condition and necessary
conditions for use and occupation and other details are given in good faith
and are believed to be correct, but any intending purchasers should not rely
on them as statements or representations of fact but must satisfy themselves
by inspection or otherwise as to their correctness.
3\. No person in the employment of Edwin Thompson has any authority to make or
give any representation or warranty whatsoever in relation to this property or
these particulars, nor to enter into any contract relating to the property on
behalf of the Agents, nor into any contract on behalf of the Vendor.
4\. No responsibility can be accepted for loss or expense incurred in viewing
the property or in any other way in the event of the property being sold or
withdrawn.
5\. These particulars were prepared in October 2023.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: