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Retail property (high street)

Retail property (high street)
Added > 14 days

Features and description

  • Freehold Bank investment (undergone large refurbishment programme)
  • Let to Barclays Bank who have been in occupation since 1969
  • Attractive town centre location
  • Currently producing £87,400 per annum 
  • NO VAT applicable
  • Reflecting a gross yield of 9.2% gross yield 
  • Online Auction on Wednesday, 17 February 2021

An attractive six storey period building of traditional construction built in 1873. It totals about 889.10 sq m (9,571 sq ft) and underwent a major refurbishment. Barclays Bank have been in occupation since 1969 and currently use the ground floor as the main banking hall with the upper floors as ancillary offices. There are 6 car parking spaces to the rear. 


Location:

Kendal is a market town and civil parish in the South Lakeland District of Cumbria. Historically in Westmorland, it lies 8 miles south east of Windermere, 19 miles north of Lancaster, 23 miles north east of Barrow-in-Furness and 38 miles north west of Skipton, in the dale of the River Kent, from which comes its name. Kendal is the main gateway town to the Lake District, with excellent road access with the A65 joining the M6, and nearby A501 to Windermere. The property is located on the east side of Highgate between its junction with Finkle Street and Lowther Street. Nearby occupiers include Boots, Savers, Greggs and Bank of Scotland.


Online Auction on Wednesday, 17 February 2021. For further information, such as legal documents and property information, please visit bidx1.com.
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BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
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BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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