6 bedroom house for sale

Euston Grove, Morecambe, Lancashire

£325,000

Property Description

Key features

  • Super Investment Opportunity For The Purchase Of Iconic Property
  • Current Rental Income Of £35,000 per annum (when occupied)
  • Complex Comprises 6 x One Bedroom Flats & Large Corner Shop Unit
  • Flats Provide Rental Return of £390 pcm each and Shop £650 pcm
  • Prominent Town Centre Position Close To Amenities

Full description

An opportunity to purchase this landmark building which would provide an ideal investment opportunity. The building comprises of six self-contained one bedroom flats and ground floor shop premises which are fronted onto Euston Road and Euston Grove.

The building is currently occupied by tenants within the residential flats and the shop premises generating a rental return of over £35,000 per annum (when fully occupied).

The building occupies a prominent position on the entry point to Morecambe town centre, the shops and residential accommodation are ideally sited for access to the town centre shops, amenities and services. Access to nearby railway station, town library and health services.

Road links and regular bus services provide access to Lancaster city.

The area will soon enjoy improved motorway access via the currently under construction M6 link road to junction 34 providing enhanced access to the Kendal, The Lake District, Preston and Manchester.

This historic landmark building was part of the railways input to the landscape of Morecambe town centre and provides the current owner with a fantastic rental yield.

This building will make a fantastic opportunity as the area is expected to flourish in popularity and prosperity once the new link road is completed.

An opportunity to purchase this landmark building which would provide an ideal investment opportunity. The building comprises of six self-contained one bedroom flats and ground floor shop premises which are fronted onto Euston Road and Euston Grove.

The building is currently occupied by tenants within the residential flats and the shop premises generating a rental return of over £35,000 per annum (when fully occupied).

The building occupies a prominent position on the entry point to Morecambe town centre, the shops and residential accommodation are ideally sited for access to the town centre shops, amenities and services. Access to nearby railway station, town library and health services.

Road links and regular bus services provide access to Lancaster city.

The area will soon enjoy improved motorway access via the currently under construction M6 link road to junction 34 providing enhanced access to the Kendal, The Lake District, Preston and Manchester.

This historic landmark building was part of the railways input to the landscape of Morecambe town centre and provides the current owner with a fantastic rental yield.

This building will make a fantastic opportunity as the area is expected to flourish in popularity and prosperity once the new link road is completed.


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
29 April 2016

Nearest stations

  • Morecambe (0.2 mi)
  • Bare Lane (1.2 mi)
  • Lancaster (2.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Farrell Heyworth, Morecambe

Farrellheyworth 3-7 Victoria Street Morecambe Lancashire LA4 4AE

01524 930048 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Morecambe (0.2 mi)
  • Bare Lane (1.2 mi)
  • Lancaster (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Farrell Heyworth, Morecambe

Farrellheyworth 3-7 Victoria Street Morecambe Lancashire LA4 4AE

01524 930048 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 127035. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Farrell Heyworth, Morecambe. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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