Pedder Street, Morecambe, Lancashire, LA4

Investment Opportunity | Seven Bedroom Property with Commercial Premises | Morecambe Town Centre

An exciting opportunity to acquire a substantial mixed-use property situated in the heart of Morecambe Town Centre. Offering a spacious seven-bedroom residential accommodation above a prominent double-fronted commercial unit, this versatile property presents a fantastic prospect for investors, developers and business owners alike.

The ground floor features a highly visible double-fronted shop premises which successfully traded for over 30 years and is now offered with vacant possession, providing endless potential for a variety of commercial uses. Internally, the commercial space benefits from a rear office, WC facilities, storage area and direct access to rear parking.

Entering through the residential entrance hall, access is provided to a useful cellar which is divided into three separate storage areas. To the first floor are two generous double bedrooms, with the front bedroom enjoying built-in wardrobes and partial sea views across Morecambe Bay. Also located on this floor is a spacious lounge boasting character features, a gas fireplace and further sea views. The well-proportioned kitchen/diner is complemented by a separate utility room with access to the rear fire escape, whilst the family bathroom comprises a freestanding bath, wash basin and WC.

The second floor offers a further five bedrooms, an additional spacious utility room and a second bathroom. Whilst this floor would benefit from a programme of refurbishment and modernisation, it provides significant scope to add value and tailor the accommodation to individual requirements. A further fire escape can also be accessed from the hallway.

Externally, the property benefits from the rare advantage of gated double parking to the rear, providing valuable off-road parking within the town centre. A side access pathway leads to the property's fire escapes, offering convenient access to the upper floors.

This substantial property is ideally positioned on Pedder Street amongst a range of established local businesses and amenities. Previously arranged as separate flats, the building may offer potential to reinstate multiple residential units, subject to the necessary planning permissions and consents. The property is also located just moments from the proposed Eden Project North development site, presenting an exciting long-term investment opportunity.

Conveniently situated within walking distance of Morecambe Promenade, Morecambe Railway Station and regular bus services, this unique mixed-use property offers exceptional potential in a thriving coastal location.

Early viewing is highly recommended to appreciate the size, versatility and development potential on offer.

Freehold
Council Tax Band - B