Coniston Court, Marine Road East, Morecambe, LA4 5AL
Size
480
Tenure
Leasehold
EPC
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Parking
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- Primary use
- Commercial development
Key features
- Currently tenanted
- Rental income of £550 per calendar month
- Potential for future growth
- Great addition to a pre excising portfolio
Description
Located on the east end of Morecambe, this apartment forms part of a well-regarded residential development positioned close to the seafront. The property benefits from an attractive coastal setting, offering convenient access to a wide range of local amenities, including shops, cafés, and leisure facilities, all within easy reach.
Excellent transport links serve the area, providing straightforward connections to surrounding towns and cities, including Lancaster and Heysham, making it ideal for both commuters and residents seeking a relaxed coastal lifestyle. The location's proximity to the seafront and growing local regeneration activity further enhances its desirability and long-term investment potential.
Description
An excellent opportunity to acquire a two-bedroom apartment situated within a well-maintained block of flats on Morecambe Promenade. The property is currently tenanted, generating a rental income of £550 per calendar month, offering an immediate return for investors. With a current yield of approximately 9.4%, this investment provides a solid income stream with the potential for future growth.
With some modern upgrades and minor improvements, there is clear potential to increase the rental value further, strengthening returns and capital growth prospects. Overall, this property represents an attractive and affordable investment opportunity in a well-connected and sought-after area of Morecambe.
Accommodation Text
Situated to the rear of the property, this well-proportioned first-floor flat offers comfortable accommodation ideal for either owner-occupation or investment purposes. The apartment comprises two generous double bedrooms, a bright living room, and carpeted hallways throughout.
The internal layout is practical and well-arranged, with each room providing good natural light and comfortable proportions. The bathroom is fitted with a one-piece shower and bath unit.
Services
Water, electric and gas central heating all connected.
EPC Information
C - 71
Use Class
Residential apartment.
VAT
Property not subject to VAT, please speak to finical advisor regarding your stamp duty obligations.
- Service charge
- £1,500
- Business rates
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- Use class
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- Listed building
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- Tenure
- Leasehold
- Length of lease
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Coniston Court, Marine Road East, Morecambe, LA4 5AL
About Fisher Wrathall Surveyors Limited, Lancaster
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 18198460FH. 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 Surveyors Limited, 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.