Longlands Road, Bower House
Bowness on Windermere
About this property:
**Freehold Investment Property**
**Set within popular Lake District location**
The property is currently utilised for retail and residential uses.
Subject to possession, conversion to alternative uses including Air B&B, holiday lets, private residential, other commercial uses may be considered acceptable but interested parties should contact the local Planning Department to discuss their queries.
Tel: 01539 724555 E: planning@lakedistrict.gov.uk
TENANCY & LEASE
Commercial Tenancy — Ground Floor & Basement
This part of the property is currently let to Lakeside Travel Services Limited and the following terms are in place:-
Term - 6 years, ending 26th July 2026
Rent - £6,600 per annum exclusive
Rent Review - End of Year 3
Break - Tenant only, from 18 months in the term
Security of Tenure - No, the lease is contracted out
Use - A1 retail
Residential Tenancies—Upper Parts
The individual residential parts are individually let on assured shorthold tenancies. The combined rental for the 5 no. separate studios and apartments is £28,800 per annum exclusive.
In total, the building is currently generating an annual rental income of £35,400 per annum exclusive.
Terms: For Sale: £695,000 for the Freehold interest
Size: 0.00 m² (0 ft²)
Postcode: LA23 3AS
Ref:BB/6619
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