Mixed Use Investment Opportunity Including a Ground Floor Retail Unit & Two Bedroom Maisonette Generating £7,020 per annum
Description The property comprises a three-storey mid terrace property providing a ground floor retail unit and self-contained maisonette on the upper floors. Accommodation Not yet inspected but believed to comprise: 36 Yorkshire Street - a ground floor floor retail unit providing open plan front sales area with rear sales area, office, kitchen, w.c. and rear store. 36a Yorkshire Street - upper floor self-contained maisonette arranged over the first and second floors providing living room benefiting from a roof terrace to the rear, kitchen and landing on the first floor with 2x bedrooms, bathroom and landing on the second floor. The maisonette is accessed via a rear entrance with stairs leading to the main entrance for 36a Yorkshire Street. 36 Yorkshire Street: 36.19 sq m (389 sq ft) 36a Yorkshire Street: 58 sq m (624 sq ft) Location Located on Yorkshire Street, within close proximity of Regent Road, nearby seafront and the promenade. The Morecambe area currently enjoys improved access to the M6 motorway due to the opening of the Bay Gateway link road which provides enhanced access to Kendal, the Lake District, Preston and Central Lancaster, making it a perfect base for getting around for both work and leisure reasons. Tenancy 36 Yorkshire Street – Let at £195 pcm 36a Yorkshire Street – Let at £390 pcm Total Income - £585 pcm (£7,020 per annum)
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating E
Lancaster City Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.