Apart-hotel and short stay · UK🇬🇧 Keswick, Lake District, United Kingdom
Lakeside House
29 apart-hotel suites in central Keswick
Gross annual return
10% – 13.5% net, estimated
Prices from
£80,000
Financing
No financing · cash purchase
Available to international investors.
Conversion of a former 15-bedroom guest house in central Keswick, a ten-minute walk from Derwentwater, into 29 apart-hotel suites with kitchenettes. C1 commercial use, operated as managed serviced accommodation by a Cumbria specialist. Tickets from £80,000: the lowest entry on our list, and a different asset type from residential and student, where the return comes from the operation rather than from a tenancy. We are preparing the next scheme of this kind in the Lake District: write to us to join the list.
Location
Keswick is the main tourism town of the northern Lake District, inside the national park.
Year-round tourism
Not seasonal
Theatre, outdoor events and one of England dog-friendliest towns sustain demand outside the summer peaks.
Inside the national park
Constrained supply
Keswick sits inside the Lake District National Park, where planning limits new build.
Distance to the lake
10-minute walk
Derwentwater is ten minutes on foot. Shops and restaurants are immediate.
Average house price
£340,000 – £500,000
Source: ONS and Land Registry.
The asset and its return
A small asset where the return comes from the operation, not from a tenancy. These are the numbers we put it through our filter with.
Entry ticket
From £80,000
Units of 12 to 29 sqm. The building range runs to £110,000.
Nightly rate
£95 – £130
By unit type.
Occupancy we work with
60% a year
The assumption that holds up against Lake District seasonality. The net figure below comes from it.
Net on that assumption
10% – 13.5%
The range comes from two cost schedules: the operator one, and ours, which adds business rates, insurance, maintenance and furniture replacement.
Photographs
How we work
We form the company, negotiate the financing and direct solicitors and managing agents. From instruction to completion, and from there to the ongoing stewardship of the asset: a single point of contact, with none of the operational burden.
Interested?
Leave your details and we will walk you through it, with no obligation.
Preliminary information for presentation purposes. The figures are estimates based on the developer’s information and our own analysis; they are not an offer nor a guaranteed return. The value of property can fall. Acacias Capital Ltd, London.