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Carigiet Cowen Chartered Surveyors — expert, efficient and personal serviceRegulated by RICS

PROPERTY SALES

PROPERTY LETTING

ACQUISITION

MANAGEMENT

LANDLORD & TENANT

DEVELOPMENT

VALUATION

CONSULTANCY

BUSINESS RATES

Lake Road, 100
Ambleside

Investment for Sale — Retail
Status: New Instruction

About this property:

** RARE FREEHOLD INVESTMENT OPPORTUNITY **
** WITHIN A DESIRABLE LAKE DISTRICT TOWN **
** FIXED RENTAL UPLIFTS UNTIL EXPIRY **
** NO TENANT SECURITY OF TENURE **
** NO VAT PAYABLE **

Ambleside is one of the busiest towns in the Lakeland District National Park and is popular with visitors from all over the world all year round.

The corner property is prominently situated on the A591 at the junction of Lake Road with Kelsick Road. There are two large surfaced car parks close by.

The property is a traditional Lakeland stone and slate building laid out to ground and lower ground floor sales areas, with upper floor ancillary storage and staff accommodation. The unit benefits from extensive display windows to both elevations. Various parts of the property underwent refurbishment in 2017. In addition a designated car parking space is positioned immediately to the rear of the building. The property is not listed.
Please note that the majority of the upper floors visible on the marketing photo do not form part of the demise.

ACCOMMODATION/AREAS
Ground Floor Sales: 85.40 sq m (919 sq ft)
Lower Ground Floor Sales: 92.30 sq m (993 sq ft)
Lower Ground Floor Stores: 13.50 sq m (145 sq ft)
First Floor Ancillary: 29.00 sq m (312 sq ft)
Second Floor Attic: 29.00 sq m ( 312 sq ft)
TOTAL: 249.2 sq m (2,681 sq ft)

SERVICES
We understand mains water, gas, electricity and drainage are connected to the property

THE TENANT - ALPKIT
Alpkit Ltd (Company reg no. 05146091) have 10 stores nationwide and are an outdoor wear retailer and bike hire company. Their nearest store to Ambleside is Keswick.

SALE PRICE
Offers in the region of £465,000 are invited for the sale of the freehold investment, let to Alpkit, who currently pay £32,000 pa, on a lease expiring in June 2027. The rent automatically increases to £32,900 in June 2025, then to £33,900 until lease expiry. There is no tenant security of tenure attached to the lease.

VAT
The property is not VAT registered, therefore VAT will not be payable on the sale price.

Terms: Investment Sale Price: £465,000
Size: 243.59 m² (2622 ft²)
Postcode: LA22 0DB
Ref:BB/7721