Clarence Street, Lancashire, Morecambe, LA4 5EX
£110,000
£96.49 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,140 sq ft
106 sq m
- SECTOR
Office for sale
Key features
- Located off Morecambe Promenade Marine Road
- Annually Generating £8,400
- High Income Potential
- Potential for future redevelopment
- Strategically Located
- Yield - 13.09
- Covering over 1140 Sq Ft.
- Newly Renovated
Description
Location
Morecambe is located 3.5 miles to the west of Lancaster and 20 miles north of Preston. The town benefits from excellent communications with The Bay Link Road leading to junction 34 of the M6 motorway. Morecambe has a population of approximately 33,500 with a catchment estimated to be in the order of 130,000 (Source CACI).
Located in a serene residential neighbourhood with Morecambe town centre just around the corner, this property is uniquely positioned in a peaceful yet accessible part of the town. Its proximity to the town centre offers the dual benefits of a tranquil setting for residents while still being close enough to enjoy all the amenities and conveniences that the town has to offer. This strategic location makes it an excellent choice for investors seeking a property that combines the charm of a quiet residential area with the advantages of urban living, providing a highly desirable balance that is attractive to potential renters or buyers.
The area awaits the outcome of the proposed Eden Project North, which would not be situated too far.
Description
This mixed-use property offers a great opportunity for investors, developers, or end-users, with planning permission for short-term lets and potential for various commercial uses. Located in Morecambe, it's ideal for small businesses, workshops, or holiday lets, with high return potential due to the upcoming Eden Project. Currently generating £8,400 per annum, the versatile space is perfect for business expansion or start-ups.
Accommodation Text
This single-storey, flat-roofed, end-terrace stone-built commercial property, recently reroofed and renovated to a modern specification, presents a valuable acquisition opportunity, covering over 1140 Sq Ft. It features double-glazed windows throughout and comprises four rooms, including a new separate shower room and kitchen, enhancing its appeal with modern facilities and ample storage space. If repurposed as a holiday let, the property offers single bedrooms and a living area, making it an attractive option for tourists or short-term residents. Its size, versatility, and recent updates make it an ideal investment for those looking to capitalise on the growing demand for modern, well-located commercial or holiday rental properties.
Services
Mains electric and water connected.
EPC Information
D 55
Use Class
Lancaster City Council approved planning consent on the 8th April 2024 for either a use falling within Class E commercial planning or a holiday let use.
More information can be found on the planning portal quoting reference 24/00098/FUL.
Flexible Heading 1
This property offers promising future redevelopment prospects, with the potential to add additional storeys for residential flats while maintaining commercial use on the ground floor. This strategic enhancement would not only maximise potential rental income by expanding the available space but also create additional opportunities for short-term holiday lets. Such developments would leverage the property's location and versatility, significantly increasing its value and appeal in the market. This approach provides an excellent opportunity for investors looking to capitalise on both residential and commercial demand, ensuring a diverse and robust income stream from a single investment. For visual details on the proposed development, photos can be viewed in the advert or accessed via the link (
Flexible Heading 2
This property was removed from the rating list on 1 April 2022
Morecambe is located 3.5 miles to the west of Lancaster and 20 miles north of Preston. The town benefits from excellent communications with The Bay Link Road leading to junction 34 of the M6 motorway. Morecambe has a population of approximately 33,500 with a catchment estimated to be in the order of 130,000 (Source CACI).
Located in a serene residential neighbourhood with Morecambe town centre just around the corner, this property is uniquely positioned in a peaceful yet accessible part of the town. Its proximity to the town centre offers the dual benefits of a tranquil setting for residents while still being close enough to enjoy all the amenities and conveniences that the town has to offer. This strategic location makes it an excellent choice for investors seeking a property that combines the charm of a quiet residential area with the advantages of urban living, providing a highly desirable balance that is attractive to potential renters or buyers.
The area awaits the outcome of the proposed Eden Project North, which would not be situated too far.
Description
This mixed-use property offers a great opportunity for investors, developers, or end-users, with planning permission for short-term lets and potential for various commercial uses. Located in Morecambe, it's ideal for small businesses, workshops, or holiday lets, with high return potential due to the upcoming Eden Project. Currently generating £8,400 per annum, the versatile space is perfect for business expansion or start-ups.
Accommodation Text
This single-storey, flat-roofed, end-terrace stone-built commercial property, recently reroofed and renovated to a modern specification, presents a valuable acquisition opportunity, covering over 1140 Sq Ft. It features double-glazed windows throughout and comprises four rooms, including a new separate shower room and kitchen, enhancing its appeal with modern facilities and ample storage space. If repurposed as a holiday let, the property offers single bedrooms and a living area, making it an attractive option for tourists or short-term residents. Its size, versatility, and recent updates make it an ideal investment for those looking to capitalise on the growing demand for modern, well-located commercial or holiday rental properties.
Services
Mains electric and water connected.
EPC Information
D 55
Use Class
Lancaster City Council approved planning consent on the 8th April 2024 for either a use falling within Class E commercial planning or a holiday let use.
More information can be found on the planning portal quoting reference 24/00098/FUL.
Flexible Heading 1
This property offers promising future redevelopment prospects, with the potential to add additional storeys for residential flats while maintaining commercial use on the ground floor. This strategic enhancement would not only maximise potential rental income by expanding the available space but also create additional opportunities for short-term holiday lets. Such developments would leverage the property's location and versatility, significantly increasing its value and appeal in the market. This approach provides an excellent opportunity for investors looking to capitalise on both residential and commercial demand, ensuring a diverse and robust income stream from a single investment. For visual details on the proposed development, photos can be viewed in the advert or accessed via the link (
Flexible Heading 2
This property was removed from the rating list on 1 April 2022
Brochures
Clarence Street, Lancashire, Morecambe, LA4 5EX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Morecambe Station0.3 miles
- Bare Lane Station1.1 miles
- Lancaster Station2.8 miles
Notes
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Disclaimer - Property reference 18198373FH. 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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