{"loaderData":{"0-6":{"propertyListing":{"building":{"id":"760569609749488","summary":"Investment Opportunity - Block of Five Flats on Morecambe Seafront\n\nAn excellent opportunity to acquire a fully income-producing investment property occupying a prime position on Morecambe's sought-after seafront. The property comprises a substantial traditional five-storey mid-terraced residence that has been converted into five self-contained flats, all currently fully let and generating a combined annual income of approximately £27,205.92 per annum, reflecting a gross yield of around 8.11%.\n\nThe building occupies a highly desirable location close to the iconic Morecambe Town Hall and benefits from stunning elevated views across Morecambe Bay towards the Lakeland Fells. The flats enjoy attractive features including deep uPVC double-glazed bay windows and storage heating, enhancing tenant appeal and long-term rental demand.\n\nThe property has operated successfully as a residential investment for a number of years and offers a rare opportunity to secure a substantial seafront asset within a strong rental location. Overall, this represents an ideal investment purchase with established income, excellent views, and future growth potential within one of Morecambe's most desirable coastal settings.","archived":false,"description":"Location

Morecambe is an extremely popular traditional seaside holiday resort sitting on the eastern shores of Morecambe Bay looking towards the Lakeland Fells.

Preston is located some 28 miles to the south, Lancaster 3 miles to the east and to the north west and north east lie the Lake District and Yorkshire Dales National Parks respectively.

Morecambe is benefitting from ongoing development and regeneration initiatives including the proposed Eden Project North for which a planning application has been submitted and approved but awaits satisfactory funding.

Designed to take into account the ecology of the Bay, Eden Project North will further enhance the tourist and resident attraction of Morecambe, once built, as well as further improve student diversity in conjunction with Lancaster University.

Description

Investment Opportunity - Block of Five Flats on Morecambe Seafront

An excellent opportunity to acquire a fully income-producing investment property occupying a prime position on Morecambe's sought-after seafront. The property comprises a substantial traditional five-storey mid-terraced residence that has been converted into five self-contained flats, all currently fully let and generating a combined annual income of approximately £27,205.92 per annum, reflecting a gross yield of around 8.11%.

The building occupies a highly desirable location close to the iconic Morecambe Town Hall and benefits from stunning elevated views across Morecambe Bay towards the Lakeland Fells. The flats enjoy attractive features including deep uPVC double-glazed bay windows and storage heating, enhancing tenant appeal and long-term rental demand.

The property has operated successfully as a residential investment for a number of years and offers a rare opportunity to secure a substantial seafront asset within a strong rental location. Overall, this represents an ideal investment purchase with established income, excellent views, and future growth potential within one of Morecambe's most desirable coastal settings.

Accommodation Text

The property comprises a block of five flats, including a two-bedroom basement flat benefitting from its own yard area and parking provision. Within the main building are five one-bedroom flats, together with a separate landlord's storage room equipped with its own WC and shower facilities, providing useful ancillary accommodation for management or maintenance purposes.

A number of the flats have been finished to a good standard and include modern shower facilities and double bedrooms, creating comfortable and attractive accommodation for tenants. While some units offer scope for further modernisation, the property benefits from established and content tenants, allowing any improvement programme to be undertaken gradually over time if desired.

Services

Flat 1 - Mains water, Electric and gas connected
Flat 2 - Mains water and Electric connected
Flat 3 - Mains water and Electric connected
Flat 4 - Mains water and Electric connected
Flat 5 - Mains water and Electric connected, electrics connected through landlords supply, separate payment meter connected for recharge

EPC Information

Flat 1 - D
Flat 2 - E
Flat 3 - E
Flat 4 - D
Flat 5 - E

Lease Terms

ASTs agreed on all flats, with some being in place for many years.

VAT

All prices quoted are exclusive of VAT but may be liable. Property not registered for VAT.","disclaimer":{"raw":"Disclaimer - Property reference 17554522FH. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by Fisher Wrathall Surveyors Limited, Lancaster . Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["Morecambe promenade","Walking distance to proposed Eden Project","Investment opportunity","All 5 flats fully let generating healthy income","Present income some £27,205.92 per annum","Generous rear yard with parking"],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":336000,"displayQualifier":"NONE","frequency":null,"rentObligation":null},"useClasses":[],"tenureType":"FREEHOLD","tenureYearsRemaining":null,"parkingSpaces":null,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":null,"planningPermission":null,"businessForSale":false,"media":{"brochures":[{"uri":"property-brochure/0ad6ede41/760569609749488/0ad6ede418b2a0e2da9571b3dcfd6b24.pdf","description":"17554522 - 362 Marine Road East Morecambe"}],"photos":[{"uri":"property-photo/917c192b4/760569609749488/917c192b4556fba881b9beb053ff2df0.jpeg","description":"Photo 4"},{"uri":"property-photo/e5fb1349d/760569609749488/e5fb1349d3e466dc61e47294e55fe26f.jpeg","description":"Photo 1"},{"uri":"property-photo/b7ec15367/760569609749488/b7ec1536745ab4271a7fa19c2a052fff.jpeg","description":"Photo 3"},{"uri":"property-photo/c861b1a52/760569609749488/c861b1a52011484edf76bf1ecbdb5829.jpeg","description":"Photo 2"},{"uri":"property-photo/7b1937fd2/760569609749488/7b1937fd257b34cc121efed3c557c128.jpeg","description":"Property Map"},{"uri":"property-photo/2b459692e/760569609749488/2b459692e97bc3da04aed335e8ed33c1.jpeg","description":"Photo 6"},{"uri":"property-photo/70ec6052b/760569609749488/70ec6052be7ce542d2e618da3f80f36a.jpeg","description":"Photo 7"},{"uri":"property-photo/ee8cb0dff/760569609749488/ee8cb0dfff27e0b790a7d16a8746d11f.jpeg","description":"Photo 8"},{"uri":"property-photo/ac87babe1/760569609749488/ac87babe1b669fc4be3083f8b42c79d3.jpeg","description":"Photo 11"},{"uri":"property-photo/7327afe6a/760569609749488/7327afe6a3af511f2efa96ad9b30ff36.jpeg","description":"Photo 12"},{"uri":"property-photo/434c9e241/760569609749488/434c9e2416bc7d08eac42a71d19ab970.jpeg","description":"Photo 13"},{"uri":"property-photo/c50d01a76/760569609749488/c50d01a76b7a8bdeca98e1303ecefcf2.jpeg","description":"Photo 10"},{"uri":"property-photo/e8ce1f403/760569609749488/e8ce1f40349c73e7738900da12de42d9.jpeg","description":"Photo 9"}],"floorPlans":[{"uri":"property-floorplan/cc08314a3/760569609749488/cc08314a38ee43fc47ab8e12fc7d161b.jpeg","description":"Photo 5"},{"uri":"property-floorplan/a7cf17f81/760569609749488/a7cf17f818fcee69a082e008eaab3437.png","description":"Drawings of flat layouts - 22.2.26"}],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":null,"size":null,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"Marine Road East, Morecambe, LA4 5AQ","showMap":true,"postcode":{"incode":"5AQ","outcode":"LA4"},"streetView":null,"latitude":54.076797,"longitude":-2.857965},"nearestStations":[{"distance":0.647522482190726,"name":"Morecambe Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":0.8987423519088966,"name":"Bare Lane Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":2.8223132090909995,"name":"Lancaster Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"Fisher Wrathall Surveyors Limited, Lancaster ","email":null,"profileUrl":"/estate-agents/agent/Fisher-Wrathall-Commercial/Lancaster-75048.html","logo":"/partner-logo/20958498-LOGO-1765976057.png","id":75048,"description":"

Fisher Wrathall Commercial Estate Agents

Raising the bar of commercial sales and lettings through the use of the latest marketing techniques and technology.

Lancaster's longest established commercial estate agents and surveyors with over 130 years experience. We provide a full range of services in commercial property across North Lancashire and South Cumbria, including Lancaster, Morecambe, Preston, Blackpool, Carnforth, Kendal and the surrounding areas. Our services include land development, commercial property sales, lettings, management, and building surveying.

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