1 bedroom flat for sale

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1 bedroom flat for sale

Chapel Lane, Lancaster LA2
£105,000

Our Summary

  • Fantastic investment opportunity to purchase this one bedroom, third floor apartment in a refurbished Silk Mill in Galgate

Description

This one-bedroom apartment in a refurbished Silk Mill in Galgate is a fantastic investment opportunity, boasting a compact open-plan living space/bedroom, kitchen area, and modern shower room. The property is immaculately presented and situated in a perfect location for Lancaster University and motorway links. The apartment also features communal spaces, including a games room, laundry room, bike store, and gym, making it an ideal choice for students or professionals. With a leasehold term of 150 years, current ground rent of £350 per year, and service/maintenance charges of £1,098 per quarter, this property offers a unique investment opportunity. Viewings are highly recommended to appreciate the superb condition and potential of this property.
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