>
3 bedroom apartment for sale
Lancaster Road, Morecambe LA4
£139,950
Lancaster Road, Morecambe LA4
£139,950
Our Summary
- A fantastic investment opportunity with a three bedroom flat and well-proportioned retail unit, both with tenants in situ
Description
This property is a fantastic investment opportunity located on Lancaster Road in Morecambe, offering a three-bedroom flat and a well-proportioned retail unit, both with tenants in situ. The flat has a private entrance, spacious living room, kitchen, bathroom, and three double bedrooms, with a long-term tenant paying £500 per month. The commercial unit has a large office space, kitchen, and bathroom, with a professional firm currently occupying the space and paying £390 per month. The property returns £10,680 per annum, representing a 7.6% gross yield on the asking price. The landlord confirms that there are no rent arrears, and it is intended that the freehold property is sold subject to the tenancies in existence, not with vacant possession.