| (REF: NW010328) Excellent Investment Opportunity - Bowness On Windermere |
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| Seller Reference: |
NW010328 |
| B4S Reference: |
28669 |
| Asking Price: |
£1,150,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
Undisclosed |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Windermere, Cumbria, United Kingdom |
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LOCATION
Bowness on Windermere is situated in South Cumbria being within the Lake District National Park, 8 miles from Kendal and 14 miles from access to the M6 motorway at junction 36 and 37. Along with Windermere, Bowness has a resident population of approximately 10,000 and is one of the busiest tourist locations within the Lake District receiving large numbers of visitors throughout the year.
THE PROPERTY
The property comprises 13 flats held in the same family ownership for 50 years and arranged in two properties the original being Thwaites Howe and providing 4 dwelling flats with the remainder being in the more recently constructed Thwaites Holme. Private car parking is available on site. The properties have been meticulously maintained and have undergone a continuous program of refurbishment by the existing owners including the installation of a fully integrated fire alarm system, and part double glazing. There is a constant demand for rental accommodation in Windermere and the property has had consistently high occupancy levels.
TENANCY AGREEMENTS
All units are let on 6 monthly assured shorthold tenancies at rates ranging from a minimum of £340 per calendar month for the bedsit unit to £495 per calendar month for the 3 bedroomed units. Some tenants have been at the property for several years. One of our clients manages the property therefore there are no monthly agents fees.
TENURE
Freehold subject to the existing assured shorthold tenancies.
SERVICES
We understand from the vendor that the properties have mains water, drainage and electricity.
COMMENTS
An exceptional and rare freehold investment opportunity in an outstanding location, and providing an excellent income. Early viewing essential to fully appreciate.
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Property: |
Freehold |
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Living Accommodation: |
No |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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