Summary - 167, HIGHGATE, KENDAL LA9 4EN
1 bed 1 bath Mixed Use
Turnkey income with reversionary residential upside in Kendal town centre.
High-profile mid-terrace position on Kendal's Highgate
A centrally located mixed-use investment on Highgate, Kendal, combining a busy ground-floor hot-food unit with two independently accessed two-bedroom flats above. The ground floor is let on a 7‑year lease from August 2024, producing a secure £10,000 pa and benefiting from Highgate footfall close to Stricklandgate, Arts Centre and town amenities. The flats are generating £13,200 pa on assured shorthold tenancies, giving an immediate combined income and scope for rental reversion when ASTs expire.
The building is a traditional two-storey mid-terrace stone and slate property with characterful sash frontage to Highgate. Each residential unit is separately metered and heated by wall-mounted electric units; the flats feature a mix of single-glazed sash windows to the front and UPVC double glazing to the rear. The commercial tenant holds an internal repairing and insuring lease with an upwards‑only review and a tenant break at year three — prudent buyers should factor lease terms into yield calculations.
Practical considerations: the property is offered freehold with a total area of approximately 1,987 sq ft, mains services connected but not tested, and a small rear yard providing delivery/rear access. There is visible potential to increase residential income on re-let and to reposition the retail unit once vacant or at future review, but some investment may be needed to improve thermal performance and modernise fittings.
This is a straightforward town‑centre holding for an investor seeking immediate income and short‑to‑medium term asset management opportunities in Kendal. Material negatives are clear: the retail lease is internal repairing, the flats rely on electric wall heaters and some single glazing, and the area records above‑average crime levels — all factors to inspect and price accordingly.
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