Pixel Mill is a former mill that has been sympathetically modernised to provide high-quality, self-contained office spaces. The property currently comprises 13 office units of varying sizes and generates an annual income of approximately £50,000 when fully let. Each office unit is individually metered for electricity. Occupiers also benefit from shared kitchenette facilities, standard WCs, and accessible disabled WCs.
This distinctive historic property combines charm with the convenience and functionality of modern office amenities, making it an attractive option for a range of professional tenants.
Location
Pixel Mill is located on Appleby Road in Kendal. There are 3 major supermarkets, a retail trading estate, and also a post office all within walking distance. Kendal railway station is only around 5 minutes walk from the unit, and Kendal Town Centre is around 10-15 minutes walk.
Accommodation
Total - 2,854 sq ft (265.14 sq m)
Terms
EPC - Energy Performance Asset Rating: E
Terms - The property is available to purchase as an investment subject to the current leases at an asking price of £550,000. The rental income on the property is approximately £50,000 when fully let.
Business Rates - Each office is separately metered for business rates.
Money Laundering - In order to comply with 2017 Anti-money Laundering Regulations we are required to verify the identity of any proposed ingoing tenants or purchasers.
Legal Costs - Each party will be responsible for their own legal costs incurred in the transaction.
VAT - All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated.
Specification
- Well let office investment
- Potential to achieve around £50,000 per annum when fully let
- Excellent location
- 2,854 sq ft GIA
- Consisting of 13 letting offices