A mid terrace building arranged as x3 One bedroom apartments

A three storey building which has three flats over three floors and an additional cellar/basement area. The property requires some refurbishment and modernisation. All three flats are occupied on AST’s and we are informed by the management agent that the currents rents are as follows: Flat 1 - £90.00 pw Flat 2 - £350.00 pcm Flat 3 - £80.00 pw Accommodation Ground floor comprising a one bedroom flat with lounge, kitchen, bedroom and bathroom. To the first floor there is also a one bedroom flat and to the second floor there is a smaller one bedroom flat. Externally there is an enclosed rear yard Located on Beach street, just off the sea front and promenade the house with good access to a range of amenities on Princess Crescent with shops and services. The location has great access to the M6 motorway following the opening of the Bay Gateway link road. This provides enhanced further access to the Lake District, Kendal, Preston and Central Lancashire. The Morecambe area is currently under review for the construction of the Eden Project North, we believe this will significantly enhance the popularity of the area and boost the local economy. We are advised by the vendor that services to the property has a singular electric supply which is billed to the tenants by the purchase of electricity cards. Flats one and two also have their own gas supply which is provided by private meters and there is no gas supply to the top floor flat. Prospective purchasers are advised to check the legal pack to confirm tenancy details as Auction House had not had sight of the agreements at the time of cataloguing. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating GF - E, 1st - D, 2nd - E

Local Authority

Lancashire County Council

Additional Fees

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 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.