Retail premises for sale in Main Street, Keswick CA12

Retail investment property

• Property occupied by tenants as a café/ tearoom
• Lease producing a current income of £17,000 per annum (review due July 2022) expires in 2028
• Ground floor area 67.3 sqm (724 sqft) including mezzanine plus outside seating area
• Prominent location on main arterial road in Lake District tourist town

Location
Keswick is a busy tourist town situated in the Lake District National Park about 18 miles west of Penrith and junction 40 of the M6 Motorway via the A66. It lies adjacent to Derwent Water, surrounded by stunning Lakeland fells and provides a range of shops, hotels, restaurants, pubs and other tourist related businesses and facilities. The resident population is around 5,600 but the tourist season in the town now lasts for most of the year providing a substantial non-resident population. Major retailers include, George Fisher, Boots, Blacks, and Edinburgh Woollen Mill. The property is situated at the western end of the main street adjacent to the River Greta, opposite the Pencil Museum and close to a new Premier Inn due to open in late 2022.

Description
The property comprises a café/ tearoom with outside seating area let on a lease.

The café / tearoom is a detached stone building with rendered elevations, a pitched slate tiled roof and display windows to the front. The accommodation includes ground floor and mezzanine seating areas with timber panel ceiling and spotlights, a kitchen area, WC, storeroom and a walled and stone paved outside seating area with fell views. The floor areas are as follows:

Ground Floor 60.5 sqm (651 sqft)
Mezzanine 6.8 sqm (73 sqft)

All references to areas and dimensions are deemed to be approximate.

Services
We are advised that mains water, electricity, gas and drainage are connected to the property. The building has an air source heat pump in the shop. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

Tenure
We are advised the property, shown edged red on the plan attached, is freehold.

Occupational Agreement
The property is let to N T & K A Hale on a full repairing and insuring lease for a term of 12 years from 7 July 2016 at a rent of £17,000 per annum, subject to 3 yearly reviews. The next review is due on 7 July 2022.

Rates
Description in list: Shop & Premises
Rateable Value: £9,200

The property qualifies for 100% small business rates relief.