Queen Street, Morecambe, LA4 5EG

Location

Located on Queen Street, a highly popular part of Morecambe town centre, this property benefits from a vibrant and bustling area full of pubs, bars, clubs, shops, takeaways, and other local amenities. The street is situated amongst other residential flats, offering a blend of both commercial and residential spaces, making it an ideal location for a variety of businesses.

Just a short walk from both the town centre and the seafront, this location attracts high foot traffic from locals and visitors alike. The area benefits from a significant level of passing trade, with 1-hour parking available along the street, adding to the convenience for both customers and tenants.

Description

Investment Opportunity: Fully Let Mixed-Use Property

This fully let mixed-use property offers an excellent investment opportunity, combining both residential and commercial space. The first-floor accommodation comprises a well-sized 3-bedroom flat, while the ground floor is home to a commercial unit currently being used for short-term let purposes. The property is currently achieving an annual income of £11,100, making it a reliable source of revenue for any investor looking to expand their portfolio or enter the property investment market.

With a strong income stream and the opportunity for future capital appreciation, this property presents an excellent opportunity for investors seeking a low-maintenance, high-yielding addition to their portfolio. Whether you're an experienced investor looking to expand or a newcomer to the property market, this mixed-use property offers the potential for both immediate and long-term returns.

Accommodation Text

The ground floor commercial unit is accessed via two separate entrances and benefits from a roller shutter at the front, providing added security. The space also features two rear courtyards, offering additional versatility and potential for outdoor usage. Inside, the ground floor is kept to a clean and neutral standard, comprising two open-plan rooms with carpeted floors throughout. At the rear, there are WC and kitchenette facilities, making it ideal for a variety of business uses.

Upstairs, the residential flat consists of three spacious bedrooms, providing ample living space for tenants or potential residents. The flat also benefits from a balcony leading off the living room, offering views of the surrounding area. The flat is equipped with a separate toilet and a fully functional kitchen, and the current tenants have established it as their home, making it a comfortable and well-maintained living space.

Services

Mains water, gas central heating and electric all connected in both parts of the property.

EPC Information

Commercial: C-73

Residential: D-64

Use Class

Mix use property, commercial and residential

VAT

We understand VAT will not be payable on top of the sale price.

Legal Costs

Each party to bare their own costs