New Inn Yard Development, Highgate, Kendal, Cumbria

£760,000

Guide price

Substantial, town centre development of 8 letting apartments and office space with garaging and off road parking for 7 cars.

New Inn Yard Development sits off the main thoroughfare of Kendal's high street and is accessed down a cobbled lane and set amongst several similar buildings. Within a hop, skip and jump of Kendal's eclectic offering of shops, cafes and bars, the 8 apartments and one private office space enjoy almost direct access to all the towns amenities and good public transport with a bus stop within yards of the development and the railway station offering links to the main line at Oxenholme offering journey times to London Euston in less than 3 hours.

Formerly New Inn Yard Holiday Apartments, these well-designed properties set in the heart of this thriving market town are now offered on assured short hold tenancies but would, with little effort, revert back to holiday rental given the popularity of Kendal as a go to destination in its own right, ideal for those looking for a great return on their investment.

The main, original building is home to 4 apartments set out over the first and second floor and a private, ground floor office space. A further 4 apartments are located in the newer building located across the courtyard where there's also a secure garage and communal utility room. There are 7 parking places on site, two in the garage and 5 in the courtyard.

All of the units are currently rented and generating a gross annual income of just over £57,000. Humberts Lettings are pleased to be fully managing all of the properties within the development.

Humberts have a wealth of knowledge and experience of the holiday rental market in and around Kendal and if considering reverting the majority of the development back to holiday rental, the potential income, in our opinion would be in the region of £100,000 per annum.

Tenure

Freehold

Services

Mains electric, gas, water and drainage

Local Authority

South Lakes District Council

Viewings Strictly By Appointment

All viewings to be arranged by prior appointment through Humberts Windermere office 01539 482 692 or windermere@humberts.com

Mortgages

For advice on financing your purchase, please call the office on 01539 482 692

Arrange viewing 01539 482692

Humberts Windermere

18 Crescent Road, Windermere, Cumbria

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