Summary - MAJESTIC WINE WAREHOUSE, BLACKHALL ROAD LA9 4BT
1 bed 1 bath Commercial Property
Prominent town-centre unit let to a national covenant with good yield potential.
Prominent roadside position with high passing trade
Large single-storey retail unit — 2,685 sq ft gross internal area
Let to Majestic Wine on FR&I lease from 28 May 2025
Strong tenant covenant; vendor tops Year 1 rent to show full income
Quoted gross yield 6.76% at £575,000 asking price
EPC rating B28 valid until May 2034
Five forecourt parking spaces; mains services connected but untested
15‑year lease structure — some lenders may refuse to lend
This freehold retail unit occupies a prominent roadside position on Blackhall Road, Kendal, with strong passing trade and easy pedestrian links to the town centre. The single-storey steel-framed building provides 2,685 sq ft of well-presented sales and ancillary space, a B28 EPC and a tarmac forecourt with five parking spaces — practical for retail or trade occupiers.
The property is let to Majestic Wine Warehouses Limited on a 15‑year lease from 28 May 2025 on full repairing and insuring terms with five-year upward-only reviews. The tenant has a strong covenant (Experian very low risk) and the vendor will top up Year 1 to show a headline rent of £38,875, giving a quoted gross yield of 6.76% at the asking price of £575,000.
Key positives include town-centre visibility, stable income from a national operator and a long EPC certificate valid until 2034. Material considerations are that the lease length and structure (15 years from 2025 with tenant-only break at year 10) may restrict marketability to certain buyer types — some mortgage lenders and borrowing facilities for purchasers could be limited or refused.
Other practical points: services are connected but untested, the premises are inside the Landlord & Tenant Act 1954 (Part 2) and the sale is VAT-registered. The location benefits from Kendal’s retail catchment and planned town-centre investment, but the immediate area records very high crime levels which may affect some occupiers’ operational considerations.
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