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FOR SALE - INVESTMENT PROPERTY, 362 Marine Road East, Morecambe

Key features

  • Traditional Substantial 5 Storey Mid Terraced Residence
  • Prime Sea Front Location
  • Ideal Investment Property
  • All 5 flats fully let
  • Generating an Income of over £27,000 per annum
  • Sought after location
  • Front and rear garden
  • Car parking to the rear

Description

FOR SALE - Prime Location Morecambe Sea Front. Investment property.

Block of 5 Flats, all fully let, with superb views across Morecambe Bay to the Lakeland Fells beyond.

Present income some £27,078 per annum. Rear yard area and parking space.

Viewing absolutely essential to fully appreciate the location, potential and views.

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 - Traditional substantial 5 storey mid terraced residence in prime sea front location close to the iconic town hall.

The property has been split into 5 flats for a number of years, all fully let which provide an annual income.

Excellent open marine views to the front. Ideal Investment property in a much sought after location.

Accommodation -

Basement - Flat 1 -

Private Front Entrance Porch - Upvc double glazed front entrance door.

Lounge - 4.150 x 3.555 (13'7" x 11'7") - Radiator.

Separate Room - 4.122 x 2.073 (13'6" x 6'9") - Presently used as a bedroom with no external window.

Inner Hall - With storage areas, radiator.

Bedroom - 3.850 x 3.709 (12'7" x 12'2") - Radiator.

Dining Room - 3.086 x 3.045 (10'1" x 9'11") - Upvc double glazed rear entrance door, radiator.

Kitchen - 2.973 x 2.178 (9'9" x 7'1") - Sink unit, fitted units, Upvc double glazed window.

Play Room - 3.804 x 2.281 (12'5" x 7'5") - Upvc double glazed window, radiator.

Showeroom/W.C. - 2.186 x 1.999 (7'2" x 6'6") - Step in shower, wash basin, toilet, gas boiler, Upvc double glazed window, radiator.

Rear Yard Area With Car Parking -

Ground Floor -

Communal Entrance Vestibule -

Communal Entrance Hall - With staircase leading off.

Ground Floor - Flat 2 -

Private Entrance Hall -

Lounge - 4.559 x 4.222 (14'11" x 13'10") - Plus deep Upvc double glazed front bay window with views, storage heater.

Dining Kitchen - 4.030 x 3.925 (13'2" x 12'10") - Maximum overall measurement into recess and incorporating showerroom, sink unit, fitted units, Upvc double glazed rear entrance door onto balcony.

Showerroom/W.C. - Step in shower, wash basin, toilet.

Bedroom - 3.185 x 3.132 (10'5" x 10'3") - Upvc double glazed rear window, storage heater.

First Floor -

Store Room - 3.125 x 2.243 (10'3" x 7'4") - Landlord's store room including step in shower, wash basin, toilet.

First Floor - Flat 3 -

Private Entrance Hall -

Lounge - 4.649 x 3.341 (15'3" x 10'11") - Plus deep Upvc double glazed front bay window with excellent views, storage heater.

Dining Kitchen - 4.064 x 3.679 (13'3" x 12'0") - Maximum overall measurement into recess and incorporating showerroom, sink unit, fitted units, Upvc double glazed rear window, storage heater.

Showerroom/W.C. - Step in shower, wash basin, toilet.

Bedroom - 3.639 x 2.376 (11'11" x 7'9") - Plus recess with built in wardrobe, Upvc double glazed front window with views.

Second Floor - Flat 4 - Landing with stairs off to third floor, Upvc double glazed rear window.

Private Entrance Hall -

Lounge - 4.649 x 3.389 (15'3" x 11'1") - Plus deep Upvc double glazed front bay window with excellent views, storage heater.

Dining Kitchen - 3.945 x 2.571 (12'11" x 8'5") - Sink unit, fitted units, Upvc double glazed rear window, storage heater.

Showerroom/W.C. - Step in shower, wash basin, toilet, heated towel rail.

Bedroom - 3.581 x 2.311 (11'8" x 7'6") - Upvc double glazed front window with views, storage heater.

Third Floor - Flat 5 - Private staircase leading up to the third floor

Landing -

Lounge - 4.586 x 2.857 (15'0" x 9'4") - Upvc double glazed front window with views, storage heater.

Bedroom - 3.557 x 2.867 (11'8" x 9'4") - Upvc double glazed front window with views, storage heater.

Dining Kitchen - 3.904 x 3.739 (12'9" x 12'3") - Sink unit, fitted units, Velux double glazed skylight, storage heater.

Showerroom/W.C. - Step in shower, wash basin, toilet, heated towel rail.

Exterior - Front Garden area. Rear Yard area with some car parking.

Services - Mains services connected. All flats electric apart from the basement flat which has gas central heating.

Income - We are advised that the current income is £27,078 per annum.

Viewing Arrangements - Strictly by appointment with Fisher Wrathall Commercial, 82 Penny Street, Lancaster, LA1 1XN.
Please call to arrange or email:

Brochures

FOR SALE - INVESTMENT PROPERTY, 362 Marine Road EaBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Ask agent
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

Energy performance certificate - ask agent

FOR SALE - INVESTMENT PROPERTY, 362 Marine Road East, Morecambe

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About Fisher Wrathall Commercial, Lancaster

82 Penny Street, Lancaster, LA1 1XN

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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Disclaimer - Property reference 32305718. 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 Fisher Wrathall Commercial, Lancaster. 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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