House For Sale £290,000
Attention investors and developers alike, here is a fantastic opportunity to purchase six one bed flats and a double commercial shop unit. Currently earning approx. £36,000 pa making a 12.41% yield based on the advertising price.
This accommodation is spacious and light throughout and has a wired compliant fire system. Each flat is fully self-contained and has its own gas, water and electric meter, they are gas central heated, partial double glazed and briefly comprises: To the ground floor is a double shop unit with five bay windows and front entrance. To the side is access to the flats. To the first floor is two, one bed flats with open plan kitchen living room including bay windows, double bedroom with bay window and bathroom. To the second floor is two, one bed flats with open plan kitchen living room including bay windows, double bedroom with bay window and bathroom. To the third floor is two, one bed flats with open plan kitchen living room, double bedroom and bathroom.
This is a great opportunity to renovate and/or develop; available options include:
• Splitting the flats on the land registry and creating a lease to sell each one individually
• Modernising the flats to achieve a better income
• Turning the flats into holidays lets with the pending Eden project coming to Morecambe
Situated in a superb location and within walking distance to the stunning Morecambe Bay and its views over to the Lake District Hills. If you don't drive or are looking for transport links close by then you couldn't be better placed with bus stop over the road, Morecambe train station a two-minute walk and Town centre amenities across the road. Morecambe is on the up and with recent planning approval of the Eden Project, there has never been a better time to invest in Morecambe.
If you are an interested investor or developer, please call us if you would like more information or to arrange a viewing.
Freehold
All flats are Council tax band A
This accommodation is spacious and light throughout and has a wired compliant fire system. Each flat is fully self-contained and has its own gas, water and electric meter, they are gas central heated, partial double glazed and briefly comprises: To the ground floor is a double shop unit with five bay windows and front entrance. To the side is access to the flats. To the first floor is two, one bed flats with open plan kitchen living room including bay windows, double bedroom with bay window and bathroom. To the second floor is two, one bed flats with open plan kitchen living room including bay windows, double bedroom with bay window and bathroom. To the third floor is two, one bed flats with open plan kitchen living room, double bedroom and bathroom.
This is a great opportunity to renovate and/or develop; available options include:
• Splitting the flats on the land registry and creating a lease to sell each one individually
• Modernising the flats to achieve a better income
• Turning the flats into holidays lets with the pending Eden project coming to Morecambe
Situated in a superb location and within walking distance to the stunning Morecambe Bay and its views over to the Lake District Hills. If you don't drive or are looking for transport links close by then you couldn't be better placed with bus stop over the road, Morecambe train station a two-minute walk and Town centre amenities across the road. Morecambe is on the up and with recent planning approval of the Eden Project, there has never been a better time to invest in Morecambe.
If you are an interested investor or developer, please call us if you would like more information or to arrange a viewing.
Freehold
All flats are Council tax band A
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