Main Road, Galgate, Lancaster, LA2

£400,000
House
3 Baths
1 Reception
6 Bed

Key Features

  • **VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE**
  • Shop & Two Story, Six Bed Student HMO in Heart of Galgate
  • Great Location Close to the University
  • Income approx. £470 PCM Per Room. £750 PCM Shop
  • Excellent Investment Property

Description

A fantastic opportunity to purchase this substantial shop unity and large HMO set over two floors in the heart of Galgate. It has been successfully let to students for the past few years. Between 2016 and 2019 the first floor of the flat was a private residence and the second floor was used for holistic therapies. The shop unit includes a reception area, three separate additional rooms, a kitchenette and two WC's and a cellar. Situated directly on Galgate high street comprising of lounge, kitchen, bathroom, six bedrooms and two shower rooms, it has been successfully rented for the previous 5 years to students. Current rental for each room is approx. £470 PCM. The shop rental income is £750 PCM bills excluded. Externally the property has a rear yard. This is a perfect investment opportunity in an area close to the university, historically habited by post graduate students looking for a quiet dwelling

Tenure : Freehold
Council Tax Band : A
EPC Current :69 / EPC Potential :79

Agent Note

In order to purchase a property in the UK, all estate agents are legally required to conduct identity checks on everyone involved in the transaction, in line with anti-money laundering regulations. Farrell Heyworth outsource this process to a trusted third party, and a non-refundable charge will apply. Please contact your local branch for further details.

Main Road, Galgate, Lancaster, LA2


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