An investment opportunity has arisen to purchase a freehold block of 3 modern investment flats in the heart of Bowness On Windermere. The property comprises of a, 3 bedroomed, 2 bedroomed and a 1 bedroomed flat, currently all let on 6 months assured tenancies. Tucked away from the hustle and bustle this is a rare opportunity to take over an established small portfolio currently producing approx. £22,500pa and is to be sold as a going concern. The development also benefits from private parking and a garage.Description: An investment opportunity being 3 purpose built flats in the heart of Bowness On Windermere all neatly presented all with open plan living areas, ground floor storage and covered parking and garage. The flats are currently let on 6 month assured shorthold tenancies and the owner is selling the building as a whole. Local Occupancy Restriction applies.
Built in 2010 with efficiency in mind, each flat has high thermal values including solar heating central heating and double glazing.
Location: Located in a small cul de sac just off the main thoroughfare in Bowness on Windermere. From Windermere proceed down New Road, continuing as Lake Road towards Bowness. Upon entering Bowness turn left onto North Terrace virtually opposite the Westmorland Inn Public House. Approximately 25 yards on the left hand side is a turning into a courtyard area, then bear right and the flats can be found at the end of this short road, with the parking spaces for No.1 and No.2 and the garage for No.3 directly in front of you.
Shared Entrance Hall Intercom system and under stairs cupboard.
Stairs leading to:-
First Floor - Flat 1 - Vanilla Cottage - Current rental £650 pcm
Entrance Hall Cupboard housing the large water cylinder being supplemented by solar panels and electric boiler heater for central heating to conventional radiators.
Open plan Living Room/Kitchen 17' 2" x 12' 5 max" (5.23m x 3.78m) Modern fitted wall and base units, built in Lamona electric oven and hob with extractor over.
Bedroom 1 12' 6" x 9' 0" (3.81m x 2.74m)
Bedroom 2 12' 5" x 6' 3" (3.78m x 1.91m)
Bathroom WC, washbasin and bath with shower over. Extractor fan and heated towel rail, part tiled walls.
First Floor - Flat 2 - Cinnamon Cottage - Current rental £650 pcm
Entrance Hall Cupboard housing the Velux immersion heater being supplemented by solar panels and electric boiler heater for central heating to conventional radiators. Electric light.
Living Room 16' 10" x 9' 3" (5.13m x 2.82m)
Kitchen 10' 3" x 9' 5" (3.12m x 2.87m) Modern fitted wall and base units, built in Lamona electric oven and hob with extractor over.
Bedroom 13' 2" x 8' 4" (4.01m x 2.54m)
Shower Room 3 piece suite of WC, washbasin and corner shower. Heated towel rail and extractor fan. Tiled walls.
Second Floor - Flat 3 - The Spice Loft - current rental £750 pcm
Stairs from Entrance Hall Further entrance hall.
Living Room/Dining Area 25' 6" x 14' 6" (7.77m x 4.42m)
Kitchen 11' 5" x 10' 7" (3.48m x 3.23m) Modern fitted wall and base units, built in Lamona electric oven and hob with extractor over. Plumbing for washing machine. Part tiled walls. Large cupboard housing large water cylinder, solar panel hot water supply and boiler supply and control.
Bedroom 1 16' 10" x 12' 3" (5.13m x 3.73m)
Bedroom 2 14' 9" x 11' 7" (4.5m x 3.53m)
Bedroom 3 10' 7" x 9' 9" (3.23m x 2.97m)
Bathroom 3 piece white suite of WC, washbasin and bath with shower over. Extractor fan and heated towel rail. Laminate flooring and Velux window. Part tiled walls.
Outside Flats 1 and 2 have an allocated parking space in the carport and a useful storage room. Flat 3 has a garage with an up and over door and electric supply.
Flat 1 Store 17' 7" x 8' 6" (5.36m x 2.59m)
Flat 2 Store 17' 7" x 9' 0" (5.36m x 2.74m)
Council Tax: South Lakeland District Council - Flat 1 Band B, Flat 2 Band A and Flat 3 Band C
Services: Mains water, electricity and drainage. Electric central heating to radiators, electric heated water supplemented by solar panels. Double glazed windows.
Viewing: Strictly by appointment with Hackney & Leigh Windermere Sales Office. Viewings will be restricted to at least 24 hours notice for the tenants and at reasonable times.
Energy Performance Certificate: The full Energy Performance Certificate is available on our website and also at any of our offices.
Local Occupancy Condition The flats have a planning condition whereby the dwelling houses hereby permitted shall not be occupied otherwise than by a Person with a Local Connection as his or her Only or Principal Home, or the widow or widower of such a person, and any dependents of such a person living with him or her. Please contact the office for more detail.