Nelson Street, Morecambe, LA4

Prominent three storey building which provides an exciting investment purchase. The location takes full advantage of a central position close to the site of the proposed Eden Project, Promenade and Town Centre. The building comprises, three flats providing strong rental returns; Two bedroom flats to the first and second floor and a recently created ground floor marionette with accommodation on ground floor and basement. The ground floor achieves a rent of £750 PCM, first floor Flat 5a achieves £625 PCM and top floor Flat 5b achieves £525 PCM. Providing a total £22,800 Per Annum income. All three units are on lease agreements providing good regular incomes with potential for growth or development as Air BnB style service accommodation. The location is directly off the Promenade and close to main shopping centre. There is good access to all the town centre restaurants and bars and a close proximity to the railway station and nearby car parks. The central location makes this an ideal prospect for a buy to let and would make a fantastic long term investment. Morecambe promenade 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. Please Note: The photos provided were taken prior to the current tenants occupying the property.

Tenure : Freehold
Council Tax Band : A

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