The Arches Apartments, 55 Highgate, Kendal, LA9 4ED

DescriptionLocated in the heart of the vibrant market town of Kendal, less than 20 minutes drive from Lake Windermere and the Lake District National Park, this is a rare opportunity to acquire a prime High Street mixed-use freehold, combining leased commercial income, proven short stay trading performance with planning consent to develop a further apartment.

The ground floor retail unit benefits from a formal lease whilst the fully fitted apartments, located on the first and second floor, are presented to a very high standard and have a proven track record for year round bookings and higher than average occupancy and rental rates. Planning consent exits for the development of an additional one bedroom apartment within the property, with the opportunity for the new owner to grow the existing income and add capital value. LocationThe Lake District is England's largest National Park with approximately 880 square miles and attracts around 18 million visitors a year. The park contains 64 lakes and 200 mountains over 2 000 ft with a wide variety of opportunities for walking, climbing, water skiing and windsurfing as well as trips to numerous gardens, castles, stately homes and visitor attractions.

Kendal is a busy town and is a gateway to the National Park Kendal is a market town and the administrative centre for the Lake District as well as a centre for tourism Lancaster lies circa 18 miles to the south and Carlisle approximately 60 miles to the north The Hotel occupies a prominent roadside position at the junction of the A6 and A684 in the northwest of Kendal town centre.

Accessed via the main A6, The Arches occupies a central position in Kendal. The property affords excellent connectivity, with the M6 motorway approximately 13 miles away. Kendal railway station is just less than 10 minutes walk from the property and has a direct line to Manchester city centre and Manchester Airport which offers domestic and continental flight routes. Internal DetailsApartment 1 - The Residence * Room1 - Double Bedroom * Room 2 - Double bedroom * Shower room with shower, basin & WC * Open plan lounge/kitchen with fully fitted high quality kitchen, island unit with breakfast bar, sofa TV

Apartment 2 - The Penthouse * Room1 - Double Bedroom * Room 2 - Double bedroom * Shower room with shower, basin & WC * kitchen with fully fitted high quality kitchen, island unit with breakfast bar, * Mezzanine sitting area with sofa, TV and spa bath

Apartment 3 - The Suite Potential to create: * Room 1 - Double bedroom * Shower room with shower, basin & WC * Open plan lounge/kitchen

The apartments have independent central heating, soundproofing, and wifi. Apartments 1 and 2 are fully finished and equipped. The apartments benefit from forward bookings and "Exceptional" reviews and are rated 9.8 on Booking.com.

Apartment 3 is currently awaiting refurbishment and is not currently let. Retail UnitThe retail unit is located on the ground floor with opening to Kendal's main shopping street. The apartments are accessed through a door to the side of the property that opens to a private staircase.

Shop frontage with large display area and glazed door to the main street. Two retail areas. Storage in basement. The OpportunityThe apartments benefit from a good mix of guests (leisure/business/events/visiting friends and relatives) which generates a strong year-round demand. The high-quality presentation allows the owners to charge premium rental rates.

The retail unit benefits from an existing formal lease to underpin the income.

Planning consent allows for the third apartment to be developed and added to the income profile.

The current owners operate the apartment bookings with housekeeping arranged through a third party. There are agency and property management companies available if the purchaser wished for a hands-offer operation

The apartments are marketed on Booking.com:

Trading InformationUp to date trading information including booking performance (rates/occupancy) available on request.