Lancaster Road, Morecambe, LA4

Prominent three storey terrace building which provides an exciting investment purchase. The location takes full advantage of an artery access road directly into the heart of Morecambe. Great for amenities and main bus routes. The building comprises five letting units with two ground floor flats, basement storage room, two further letting units to the 1st floor and a 5th letting unit/flat on the second floor. The building currently provides a total annual income once occupied of £28,164 (minus agent costs and expenses). All five are on tenancy agreements providing good regular incomes with potential for growth or development. The central location makes this an ideal prospect for a buy to let and would make a fantastic long term investment. Morecambe is currently under review for the potential construction of the Eden Project North which we believe will significantly enhance the popularity of the area and boost the local economy. The town now takes full advantage of the Bay Gateway link road which provides enhanced access via the M6 to the Lake District, Kendal, Yorkshire Dales, Preston and central Lancashire. The property also benefits from a rear yard, providing a functional outdoor space for residents. Please Note: Virtual viewings are available however should physical viewings be required we will do everything we can to make arrangements but we cannot guarantee access to all flats on the same schedule.

Tenure : Freehold
Council Tax Band : A

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.