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15 Old London Road, Penrith
£1,900,000 Guide Price
Bedrooms
Bathrooms
Fantastic commercial opportunity in the heart of Keswick town centre! Bridge House and Cottages are 6 luxurious, beautifully presented and award winning holiday cottages and apartments, sitting in an extensive plot with large carpark, internal courtyard, lawned gardens and a tennis court. A fantastic lifestyle business with superb income potential!
Located just a stones throw from the local amenities and within a 10 minute walk to Derwent Water, this collection of cottages have all been recently renovated to a luxurious standard and thoughtfully designed to generate a fantastic income by offering a range of 1 4 bedroom accommodation options, all with their own private parking spaces, utility facilities and shared use of the communal gardens, lawns, terraces and the private tennis court.
In addition to the cottages, there is a detached double garage which is used as a utility space but perhaps has further development potential, subject to the relevant planning consents.
Bridge House - Dating back to 1727, this four bedroom town house is spacious, stylish, full of character and offers luxury accommodation arranged over three floors. Retaining many original features, it has been sympathetically restored with the addition of modern facilities. On the ground floor there is a large dining kitchen, utility room and a double bedroom with ensuite shower room. On the first floor, there is a wonderful lounge with fell views, a double bedroom and family bathroom and on the second floor, there are two further bedrooms and a stylish bathroom.
Bridge Cottage - Sitting in the corner of the courtyard, this three bedroom cottage has a wonderful lounge with log burning stove which extends round into the sociable kitchen diner. On the first floor there are three bedrooms; one with ensuite and a family bathroom.
Bridge Mews - Located closest to the garden, this attractive cobbled cottage is a romantic, luxurious one bedroom accommodation with reverse style living and a wonderful, beamed ceiling in the open plan kitchen/living/dining room on the first floor. The ground floor has a double bedroom, modern bathroom and utility room.
Bridge House Apartment 1 - A three bedroom ground floor apartment with deluxe underfloor heated tiled floor throughout. With original Georgian features sympathetically restored, this apartment is beautifully presented with a sociable living/kitchen room and three double bedrooms; one with ensuite and a family bathroom.
Bridge House Apartment 2 - This sophisticated first floor apartment retains some original Georgian features and has fantastic views to the Lakeland Fells. Internally it has three double bedrooms; one with ensuite, family bathrooms and a lounge with kitchen accessed to the side, at a lower level
Bridge House Apartment 3 - On the second floor, with a large lounge and stylish kitchen with wonderful beamed ceiling. It is immaculately presented with a large master bedroom with ensuite, two further bedrooms and a contemporary bathroom.
Externally - With the benefit of a large plot, the grounds extend to offer at least 2 private carparking spaces for each of the cottages and apartments, a detached double garage, currently used for storage but perhaps with further development potential (STP). The internal courtyard offers seating areas for each of the cottages and an extensive lawn with seating areas and a tennis court for all of the guests to enjoy during their stay.
Location - These cottages are an ideal base for visitors to the popular Lakeland market town of Keswick and within minutes of the market square, very close to shops, restaurants, bars, the towns beautiful parks, walks, Derwentwater and many of the tourist attractions Keswick has to offer.
Services - Mains water, drainage and electricity
Gas Central Heating
Off road parking for at least 2 cars per cottage
Please note this property was subject to water damage during the Storm Desmond floods in 2015
Epc & Council Tax - Business Rated Council Tax
EPC To be confirmed
Financial Information - This can be provided upon request following a viewing
Viewings - Viewings can be arranged on Fridays and Saturdays during changeover periods
Disclaimer - These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The services, systems, and appliances shown may not have been tested and no guarantee as to their operability or efficiency can be given. All floor plans are created as a guide to the lay out of the property and should not be considered as a true depiction of any property and constitutes no part of a legal contract.
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
15 Old London Road, Penrith
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