Marine Road West, Morecambe, LA3
- PROPERTY TYPE
Block of Apartments
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Calling all investors - FREEHOLD BLOCK OF FLATS FOR SALE - Partially occupied
To be sold via online auction - powered by The Auction Group
Presenting an outstanding opportunity to acquire a lucrative investment, this Block of Apartments consisting of 1×3 bedrooms and 4×2 bedrooms, offered as freehold , boasts an exceptional rental return that is set to impress even the most discerning investor.
Comprising 5 individual units, this property is ideal for those looking to expand their property portfolio with a secure and high-yielding asset. Currently achieving impressive rental yields, this Block of Apartments promises a steady flow of income for the savvy investor.
With each unit already delivering a solid return, the potential for further growth with the up and coming opening of the Eden project in 2028 is an enticing prospect for those seeking to maximise their investment returns. Beyond its financial appeal, this property offers a rare chance to own a piece of real estate that combines both immediate returns and long-term potential. As the rental market continues to thrive, owning a Block of Apartments ensures a solid investment that is primed for success both now and in the future.
Situated in a sought-after spot with Morecambe (ideal for easy access to amenities and transport links), this property enjoys high demand from tenants seeking quality accommodation this Block of Apartments is a standout choice for those looking to secure a reliable income stream.
To be sold via Online Auction, via unconditional terms, completion strictly within 28 days
Bidding window opens - TBC
Auction Ends- TBC
Starting price - £325000 (Reserve price is higher & unpublished)
Fees
All fees are payable by banks transfer only (we do not take card payments )
Buyers premium - Please note that there is a buyers premium that applies to this lot ( £including VAT ) payable by the buyer within 2 hours of winning the auction. The buyers premium does not constitute part of the sale price, this is the auctioneers fee and is to be paid over and above the sale price paid to the vendor.
Searches - searches have been ordered and will be made available for download from The Auction Groups website prior to bidding taking place.
- 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.
- Band: F
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Marine Road West, Morecambe, LA3
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Visit our security centre to find out moreDisclaimer - Property reference 43d805a4-6171-4368-afce-106f8155aa5b. 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 The Auction Group Limited, Auction. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call The Auction Group Limited, Auction on 01254 963355.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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