Station House

Station Road, Kendal, Cumbria, LA9 6SA
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Net initial yield
Key contactScott GemmellTransactions & Asset Management

Investment summary

Located in Kendal town centre, with excellent connectivity, sited adjacent to Kendal railway station and fronting onto the A6.

The accommodation is arranged as a GP surgery on the ground and first floor, a pharmacy on part of the ground floor, and offices on the second and third floors.

WAULT of 16.8 years to expiry and 15.9 years until earliest terminations.

The property is multi-let to 3 tenants producing a rent of £125,300 per annum.

57% of the income is secured against the GP surgery which is a NHS backed trust.

82% of the income is secured for 18.6 years.

There is 3,804 sq ft of vacant office accommodation, providing immediate asset management opportunities to improve the income.


ERV of £157,300 per annum.

Substantial on site car parking provision of 47 car spaces (1:291 sq ft).