5 bed block of flats

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5 bed block of flats

Moneyclose Lane, Heysham, Morecambe LA3
£425,000

Our Summary

  • Investment opportunity generating £48,000 per annum with over 2800 square feet of accommodation
  • In addition, there is also the base for a 2-car garage with planning permission ready to use for extra parking or re-build if required

Description

This property is a unique investment opportunity, offering three self-contained apartments with a total annual income of £48,000, providing a healthy 11% return for an investor. The property has been thoughtfully split into three apartments, each with private parking, private access, and individual garden areas. The apartments are located in a popular area close to Heysham Port, with easy access to shops, food outlets, and public transport. Each property benefits from its own parking and garden areas, with a total of 2800 square feet of accommodation. The property is freehold, with mains services including gas, electric, water, and sewage. The vendor is open to selling items of furniture with the property, and viewings are strictly by appointment via Houseclub Estate Agency.