28 Longpool Kendal Cumbria LA9 6ER

28 Longpool
Kendal
Cumbria
LA9 6ER

Freehold Retail/Residential Investment

Entirely let to Coral Racing Limited (not in occupation) until September 2031 (No breaks)
Ground floor former betting office with separately-accessed refurbished flat above (sublet)
VAT-free investment
Established commercial and residential location - 100m from Kendal Railway Station
Opposite newly-developed retirement scheme of 55 apartments.
Nearby occupiers include Lidl, Homebase, Bensons for Beds and a number of independent retailers and takeaways
Popular Lake District Centre

Lot
53
Auction
25th September 2024
Rent
£18,528 per Annum Exclusive
Status
Sold
Price
£193,000
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Freehold Retail/Residential Investment

Entirely let to Coral Racing Limited (not in occupation) until September 2031 (No breaks)
Ground floor former betting office with separately-accessed refurbished flat above (sublet)
VAT-free investment
Established commercial and residential location - 100m from Kendal Railway Station
Opposite newly-developed retirement scheme of 55 apartments.
Nearby occupiers include Lidl, Homebase, Bensons for Beds and a number of independent retailers and takeaways
Popular Lake District Centre

Lot 53
Auction 25th September 2024
Rent £18,528 per Annum Exclusive
Status Sold
Price £193,000
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 47 miles south of Carlisle, 70 miles north of Manchester
Roads: A6, A590, A684, M6 (Junction 36)
Rail: Kendal Railway Station
Air: Newcastle Airport

Situation

The property is situated at the busy junction of the A6 and A685, some 100 metres from Kendal Railway Station and directly opposite a newly-developed retirement scheme providing 55 one and two bed apartments. Nearby occupiers include Lidl, Homebase, Bensons for Beds and a number of independent retailers and takeaways.

Tenure

Freehold.

Location

Miles: 47 miles south of Carlisle, 70 miles north of Manchester
Roads: A6, A590, A684, M6 (Junction 36)
Rail: Kendal Railway Station
Air: Newcastle Airport

Situation

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground floor, with a separately-accessed and refurbished one-bed flat on the first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Commercial - Band B Residential - Band C

Description

The property comprises a shop arranged on the ground floor, with a separately-accessed and refurbished one-bed flat on the first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Commercial - Band B Residential - Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground First	Retail/Ancillary Residential - 1-bed flat with kitchen & bathroom	60.20 39.00	(648) (419)	CORAL RACING LIMITED (1)	20 years from 24/09/2011 on a full repairing and insuring lease	£18,528	24/09/2026
Total		99.20	(1,067) (2)			£18,528

(1)For the year ending 31/12/2022, Coral Racing Limited reported a Net Worth of £83,537,000 (Northrow 27/08/2024). The first floor flat is sublet on a 12-month AST.
(2) Commercial floor areas provided by VOA (www.voa.gov.uk); residential floor areas provided by the EPC register.

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.