Ground Floor 49/51 Main Street, Keswick, Cumbria, CA12 5DS

LOCATION

Keswick is one of the largest and main Lake District towns, drawing in visitors most of the year round. Whilst some of the Lake District towns are only bustling during the summer months, Keswick's sectors tend to trade well most of the year.

The subject property is positioned on the pedestrianised area in the centre of Keswick. This is a prime trading location, amongst a variety of national retailers and strong independent local occupiers.

TENANCY

FatFace is occupying the property under an effective FRI lease with effect from June 2023 for a term of 5 years, expiry in June 2028.
The passing rent is £88,000 per annum exclusive.
There is no tenant break included within the lease, and the rent is fixed until lease expiry.

TENANT - FATFACE
FatFace, founded in 1988, is a well-known British lifestyle clothing brand specialising in casual wear, footwear, and accessories. The company operates around 178 stores across the UK, including a strong presence in Cumbria, with outlets in Keswick, Kendal, Bowness-on-Windermere, Ambleside and Kirkby Lonsdale.

DESCRIPTION
The extensive retail unit provides an attractive triple fronted shop front providing an extensive glazed frontage to Main Street with double personnel access doors and meets DDA requirements due to the street level access.
Internally, the accommodation provides a large open-plan sales area, which has been fitted out by the tenant, Fat Face. The unit is relatively regular in shape. An integral staircase provides access to the first floor storage area and WC.
In addition, the unit benefits from an extensive storeroom area with rear access, staff ancillary areas and WCs at ground floor level also.

Given the size of unit and position along Main Street, in the event of the building becoming vacant, demand is likely to be high. The space could lend itself to a variety of retailers including food and beverage operators.

SERVICES
We understand mains gas, water, electricity and drainage are connected to the property. The tenant is responsible for the heating and services, under the terms of the lease.

SALE PRICE
The property is available FOR SALE as an investment with a sale price of £1,595,000.00

VAT
VAT is not payable on the sale price.