This charming stone-built property in Lancaster City Centre is comprised of three one-bedroom flats, each with its own unique character features such as exposed stone walls and ceiling beams. The flats are situated in a quiet courtyard, accessible through double gates on Moor Lane, and are within walking distance of a wide range of amenities. The property offers a potential annual rental income of approximately £28,000 per annum, making it an attractive investment opportunity. The current layout of the flats provides a solid foundation for various development strategies, including refurbishment, conversion to two-bedroom apartments, or conversion and furnishing for holiday lettings. These options offer the potential for increased rental income, property value, and profitability, making this property an excellent choice for investors looking to maximize their returns.