Lake District on the Shopping List

Acting on behalf of a national retail client, Howard Jenkins has acquired shop premises in Highgate, Kendal.

The double-fronted retail unit, which is situated within the town’s prime ‘pedestrian zone’,  has a ground floor sales area of c.2,500 ft²; a new lease has been agreed off a quoting rent of £50,000 pa.

Further Improvement for Business in Yorkshire

Growth in the Lloyds Bank Yorkshire & Humber Business Activity Index indicates the private sector economy in Yorkshire & Humberside further improved in June.

At 58.1 in June, up from 57.3 in May, the Index reflects robust growth in output and new business in the region’s manufacturing and service sectors, with increases in levels of employment for the thirteenth month in a row and job creation above the UK average for the fifth consecutive month; the expansion in new work has been the fastest seen since November 2013.

Sale of Student Residential Development Opportunity

Howard Jenkins (acting jointly with ES Group) has agreed a sale of a mixed-use investment property in York City centre, off a guide price in excess of £3 Million.

The Grade II Listed Building in George Hudson Street totals c.33,000 ft², comprising four restaurant units and c.20,000 ft² of offices occupied for many years by The City of York Council. Forshaw Land & Property Group is proposing comprehensive refurbishment and conversion of the offices to student accommodation with associated facilities including shop, cycle store, manager’s office, communal lounge, gym and laundry; the scheme is expected to be ready by Summer 2015.