137 Highgate, Kendal, Cumbria

Description

Vacant retail high street commercial property with a mezzanine level. The property is suitable for a mix range of uses. It offers a shared WC and a shared yard to the rear and covers an area of 445 sq ft. Suitable for the investor.

Accommodation

Ground Floor with Mezzanine; 445 sq ft

Location

High street commercial property in Kendal with a shared rear yard.

Tenure / Property Information

Investment Analysis

The £35,000 guide cannot be validated from the supplied evidence. The sold comparables are nearby but appear to be yards, flats/maisonettes or other leasehold assets, rather than directly comparable vacant retail property. No commercial rental evidence or formal valuation is supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. Obtain the legal pack, inspect the property and establish commercial rental and valuation evidence before considering an owner-occupier or investment purchase.

Works Required

No specific refurbishment works are evidenced. Confirm condition, services, mezzanine compliance, shared facilities and EPC requirements through inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten because GDV, rental value, refurbishment cost and refinance value are unsupported. The known minimum administration charge is £1,500 including VAT, with possible additional legal, search, transfer and seller-cost disbursements.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific commercial rent or passing tenancy is supplied. The property is vacant, so there is no confirmed income.

Flip Analysis

A flip surplus cannot be calculated. No supported commercial GDV, refurbishment allowance or selling-cost allowance is available, and the supplied comparables are not sufficiently comparable.

Investor Risks & Due Diligence

• Tenure and legal terms remain subject to the legal pack.

• No sufficiently specific commercial rental evidence is available.

• The property is vacant, with no passing income.

• Shared WC and shared rear yard arrangements require legal and practical verification.

• Additional search, legal, transfer, seller-cost and other disbursements may be payable.

• Property condition and refurbishment requirements are not evidenced.

• The supplied sold comparables are not directly comparable retail assets.

Recommendation

Do not bid on current evidence alone. Obtain the legal pack, inspect the property and establish commercial rental and valuation evidence before considering an owner-occupier or investment purchase.

Strategy Rating

Analysis Confidence

The property description and guide are supplied, but tenure, legal obligations, condition, commercial rent, GDV and refurbishment costs are not evidenced. Nearby sales are materially different property types.