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Property
Key information
Property description & features
- Traditional Substantial 5 Storey Mid Terraced Residence
- Prime Sea Front Location
- Split Into 4 Flats
- Gross Current Annual Income £15,350
- 4th Flat Vacant
Block of Flats offering excellent potential with superb views across Morecambe Bay to the Lakeland Fells beyond.
Divided into 4 flats with 3 of the flats currently tenanted and the 4th flat vacant requiring modernisation.
Rear parking. Viewing essential to fully appreciate the location, potential and views.
Location - Morecambe is an extremely popular traditional seaside holiday resort sitting on the eastern shores of Morecambe Bay looking towards the Lakeland Fells.
Preston is located some 28 miles to the south, Lancaster 3 miles to the east and to the north west and north east lie the Lake District and Yorkshire Dales National Parks respectively.
Morecambe is benefitting from ongoing development and regeneration initiatives including the proposed Eden Project North for which a planning application has been submitted and approved but awaits satisfactory funding.
Designed to take into account the ecology of the Bay, Eden Project North will further enhance the tourist and resident attraction of Morecambe, once built, as well as further improve student diversity in conjunction with Lancaster University.
Description - Traditional substantial 5 storey mid terraced residence in prime sea front location close to the iconic town hall.
The property has been split into flats for a number of years which provide an annual income, one of which is empty and in need of updating.
Excellent open marine views to the front and the additional benefit of some off road parking to the rear.
Accommodation -
Ground Floor -
Communal Entrance Vestibule -
Communal Entrance Hall - With staircase leading off.
Flat 2 (Effectively 1 & 2) -
Private Hallway - Radiator.
Lounge - 5.733 x 3.966 (18'9" x 13'0") - Maximum overall measurement into Upvc double glazed front bay window taking full advantage of the open views, radiator.
Breakfast Kitchen - 3.943 x 3.353 (12'11" x 11'0") - Modern fitted units, gas hob, built under oven, extractor hood, Upvc double glazed rear window, radiator.
Back Room - 2.952 x 2.308 (9'8" x 7'6") - Upvc double glazed rear window, radiator, staircase leading down to basement.
Basement -
Hallway - Radiator.
Laundry Room -
Bedroom 1 - 5.253 x 3.590 (17'2" x 11'9") - Maximum overall measurement into Upvc double glazed front bay window, radiator.
En Suite Bathroom/Wc - 2.945 x 1.296 (9'7" x 4'3") - Bath with shower unit over, wash basin, toilet, tiling, towel radiator.
Bedroom 2 - 3.938 x 2.809 (12'11" x 9'2") - Upvc double glazed rear window, radiator.
Wet Room - Shower, wash basin, toilet, Upvc double glazed rear window, towel radiator, boilerroom off.
First Floor -
Communal Landing -
Store Room -
Flat 3 - Currently vacant and requires refurbishment.
Lounge - 5.615 x 3.548 (18'5" x 11'7") - Maximum overall measurement into Upvc double glazed front bay window with excellent open views, electric heater.
Kitchen - 3.602 x 2.123 (11'9" x 6'11") - Upvc double glazed front window with view, electric heater.
Bedroom - 3.948 x 2.450 (12'11" x 8'0") - Upvc double glazed rear window, electric heater.
Showerroom/Wc -
Second Floor -
Flat 4 -
Entrance Hall -
Lounge - 5.605 x 3.349 (18'4" x 10'11") - Maximum overall measurement into Upvc double glazed front bay window with excellent open views.
Kitchen - 3.639 x 2.175 (11'11" x 7'1") - Fitted wall and floor units, plumbing for washer, Upvc double glazed front window with open views.
Bedroom - 3.969 x 2.395 (13'0" x 7'10") -
Showerroom/Wc - Shower, wash basin, toilet.
Third Floor -
Flat 5 -
Landing - Upvc double glazed rear window, electric heater.
Lounge - 4.683 x 2.846 (15'4" x 9'4") - Upvc double glazed front window with open views, storage heater.
Kitchen - 3.770 x 2.719 (12'4" x 8'11") - Fitted units, electric hob, built under oven, extractor hood, plumbing for washer, Upvc double glazed front window with open views.
Bedroom - 3.972 x 3.512 (13'0" x 11'6") - Upvc double glazed rear window.
Showerroom/Wc - Shower, wash basin, toilet.
Exterior - Attractive front garden area.
Rear off road parking with access from the rear service road.
Services - All mains services connected but with gas to the ground floor and basement only.
Current Income - We are advised that the current rental income is as follows:
Flat 2 ground floor & basement £550 per calendar month.
Flat 3 first floor vacant and requires updating.
Flat 4 second floor £350 per calendar month.
Flat 5 third floor £350 every 4 weeks.
Gross current annual income £15,350.
Council Tax - All 4 flats are each council tax band 'A'.
Viewing Arrangements - Strictly by appointment with Fisher Wrathall Commercial, 82 Penny Street, Lancaster, LA1 1XN.
Please [use Contact Agent Button] to arrange or [use Contact Agent Button]
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