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Market Street, Morecambe 1 bed apartment for sale
Market Street, Morecambe
£130,000
Market Street, Morecambe
£130,000
Our Summary
- Both of these one-bedroom apartments are currently tenanted, making them an excellent investment opportunity
Description
Two luxurious one-bedroom apartments are available for purchase in the heart of Morecambe's town centre. Both apartments are currently tenanted, offering an excellent investment opportunity. The apartments are priced at £130,000 each, and can be purchased individually or as a pair. The front apartment, 3A, is priced at £1,050 per month, inclusive of all bills, while the rear apartment, 3B, is priced at £1,150 per month, also inclusive of all bills. The projected yields for the apartments are 9.7% gross and 10.5% gross, respectively, with net yields of approximately 7% and 7.9%. Additionally, holidaycottages.com has projected rental income for serviced accommodation to be £19,000 gross and £15,000 net per apartment, offering strong returns on investment. The apartments are located just a two-minute stroll from the seafront and Morecambe train station, making them an ideal investment for those looking for a prime location with excellent connectivity.