House · CA12 5DX
To rentReduced £20.6k (−91.7%) on 23 SepListed 108 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION 68 Main Street is located in Keswick, a popular tourist town in the northern Lake District National Park, in the north west of England.
Keswick offers a wide array of amenities such as restaurants, retail premises, cafes, a theatre, a museum and more, attracting a steady stream of tourists throughout the seasons.
The property faces south west and enjoys significant footfall from Keswick shoppers on Main Street with a mixture of national retailer neighbours.
DESCRIPTION Arranged on ground floor only, the property features a prominent double shopfront, plus a rear stock/staff room including a washbasin and WC.
The shop has the benefit of a suspended ceiling, recessed fluorescent lighting, and an integrated fire alarm system (connected with the separate first floor flat).
Prominently positioned in the busy town of Keswick, the principal tourist centre of the northern Lake District attracts huge numbers of visitors throughout the year and has attracted neighbouring national retailers Millets, Grape Tree, Fat face and GO Outdoors as well as a local bookshop, a themed café, restaurants, bike shop and galleries.
The permitted use of the premises is Class E with a covenant prohibiting hot food takeaway. RENT £22,500 per annum / £1,875 per month net.
Alternatively, the long leasehold interest with vacant possession may also be available by separate negotiation.
ACCOMODATION Gross frontage 9.4m (27 ft) Internal width 8.1 m (26 ft 7 in) Shop depth 7.75 m (21 ft 9 in) Ground floor sales area 49 sq m (529 sq ft) Stock/staff accommodation 8 sq m (82 sq ft) SERVICES Connected to mains electricity, water and drainage.
LEASE TERMS A new lease direct from the landlord on terms to be agreed is offered. VAT All figures quoted are exclusive of VAT where applicable.
RATEABLE VALUE The VOA website states that the property has a Rateable Value of £18,750 and is described as shop and premises.
EPC A copy of the certificate will be available to download from the Edwin Thompson website or upon request. LEGAL COSTS Each party to bear their own legal costs.
VIEWINGS The property is available to view by prior appointment with Edwin Thompson LLP Contact: Keith Mitchell, k. Carol Westmorland, c. or Sarah Myles, s. Tel: or go to:
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 68 Main Street, Keswick, CA12
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