Lake District mixed-use property on sale for £675,000
Summarised from 4 outlets · Updated 16 Oct, 06:58 · Archive
A mixed-use property in Bowness-on-Windermere combining retail, residential and office space is being sold for £675,000 and generates £36,000 annual income.
A mixed-use property at 22 Lake Road in Bowness-on-Windermere is on the market for £675,000. The property generates £36,000 a year from existing rental agreements. It comprises a ground-floor retail unit leased to a bakery, a three-bedroom apartment on the first floor with fell views, a one-bedroom studio flat at the rear, a small office with parking, and basement space.
The ground-floor retail unit has what the agents describe as 'excellent visibility and footfall'. The basement facility is currently used as treatment space and storage. The first-floor apartment is described as 'light and airy' and is rented out on an assured shorthold tenancy, contributing to the property's annual income.
Estate agents DM Hall have described the property as a 'rare opportunity' for potential investors, given its central location on Lake Road, the principal commercial thoroughfare of Bowness-on-Windermere. The agents have noted the 'high standard of living accommodation' provided by the apartment. The one-bedroom studio flat and office at the rear are also currently let.
Bowness-on-Windermere is a heavily visited location in the Lake District National Park, which is a UNESCO World Heritage Site.
How it is being reported
- Inside £675k Bowness property with shop, flats and fell views generating £36k a yearA mixed-use retail investment property, "perfectly positioned" in the heart of the Lake District, is on the market.Cumberland News · 16 Oct, 06:00
- Inside £675k Bowness property with shop, flats and fell views generating £36k a yearA mixed-use retail investment property, "perfectly positioned" in the heart of the Lake District, is on the market.Whitehaven News · 16 Oct, 06:00
- Inside £675k Bowness property with shop, flats and fell views generating £36k a yearA mixed-use retail investment property, "perfectly positioned" in the heart of the Lake District, is on the market.Westmorland Gazette · 16 Oct, 06:00
- Inside £675k Bowness property with shop, flats and fell views generating £36k a yearA mixed-use retail investment property, "perfectly positioned" in the heart of the Lake District, is on the market.NW Evening Mail · 16 Oct, 06:00
In this story: Bowness-on-Windermere · Lake District National Park · DM Hall · Lake Road
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