>
9 bedroom block of apartments for sale
Northumberland Street, Morecambe
£549,950
Northumberland Street, Morecambe
£549,950
Our Summary
- A superb investment opportunity
Description
This investment opportunity on Northumberland Street in Morecambe features a well-maintained, Victorian property that has been recently upgraded, offering eight apartments with a combined annual income of circa £47,000. The property is fully occupied with no known arrears, providing a healthy 8% yield. The apartments, comprising seven one-bedroom and one two-bedroom duplex, feature contemporary shower rooms and kitchens, making it a "ready to go" investment opportunity. The property benefits from a full management service, which is an option to continue, and also offers parking for the block to the rear. With its prime location on Northumberland Street, surrounded by high-end trades, this property presents a fantastic opportunity for investors seeking a reliable and profitable return on their investment.