Retail premises for sale

Lake Road, Royal Square, Bowness On Windermere LA23

Prime premises in the heart of the lake district national park * fully let and income producing * * mixed residential and commercial uses * investment highlights- Approximately 1.75 years to lease expiry- Tenant on Fri Lease with no schedule of condition attached.Large two-bedroom residential unit on the top floor with great views towards Lake Road and Lake Windermere.Building suitable for a variety of commercial and residential uses- Scope to increase passing rental value.LOCATIONBowness on Windermere is one of Cumbria’s most popular tourist destinations and benefits from close access to the other popular towns of Windermere and Ambleside. The property is prominently positioned on Lake Road and the corner of Ash Street, leading to the town’s lake promenade, which is arguably one of the main tourist attractions in Bowness and the busiest parts of the town and Lake District in general.The trading position of the property lies on the main shopping pitch and close to a couple of restaurants. Due to the large tourist numbers visiting the lake, footfall remains extremely strong, particularly during holiday periods, during which many people pass by these buildings.PROPERTYInternally, the ground floor provides a mostly square unit with windows. The first floor provides further seating areas, a bar area, two WCs and a store. Access to the second-floor residential flat is via an integral staircase off the first-floor restaurant area corridor. The residential flat provides two bedrooms, a living room, kitchen and bathroom. The space has good levels of natural light. The basement areas provide storage accommodation.floor AREASCommercial: Sqm sq FTNet Internal Area: 49.80 536Sales itza: 42.55 458 First Floor: 44.97 484Basement: 25.26 272 WCResidential:Second Floor Flat: 53.98 581TOTAL areas 174.01 1,873 SERVICESWe understand mains water, gas, electricity and drainage are connected to the property.sale price£850,000 for the sale of the freehold investment.VATNo VAT is payable on the sale price.