Loughrigg Villa, Kelsick Road
Dixon Court, 101 Lake Road, Ambleside, LA22 0DB
The sale of Dixon Court provides a unique opportunity to acquire a rare package which provides an excellent income of approximately £37,000 per annum and equates to a yield of circa 6.7%. A substantial Lakeland building which has a combination of three commercial units and a six bedroom maisonette which is spread over three floors.
A highly versatile building which has three commercial units on the ground floor, all units are accessed independently, which are rented out and generate an annual income of approximately £12,000. Whilst the excellent accommodation above is spread over three floors and provides a six bedrooms and three bathrooms and is currently House of Multiple Occupancy. Although the layout of the building may allow for a five bedroom HMO and the top floor en suite bedroom could potentially be let out via Air B&B or used by an owner. The HMO currently generates approximately £25,000 per annum let as a tenancy group, with the vendor paying the water rates and internet.
The current owner is extremely conscientious and has consistently reinvested in the property over the years including new UPVC double glazing, modern insulation, new bathrooms etc and LED lighting enabling the property to be extremely good accommodation which currently houses students. A private court yard nestled just off the centre of Ambleside, a highly popular all year around visitor destination in the heart of the Lake District National Park.
From Lake Road opposite Old Lake Road there is a large shop called Adventure Peaks, To the right hand side is an Archway. Through the archway to a gravelled courtyard with three commercial units with shop fronts.
All mains are connected. Gas Central Heating. Wired fire alarm.
Council Tax Band/Rateable Value
The Flat - Band D
Unit A - £2,500. Actual amount payable £1,165.
Unit B - £5,500. Actual amount payable £2,563.
Unit C - £4,050. Actual amount payable £1,887.
This could be reduced to ZERO if the purchaser is entitled to Small Business Rates Relief. More details can be obtained from the Local Authority South Lakeland District Council 01539 733333.