A fantastic investment opportunity with a three bedroom flat and well-proportioned retail unit, both with tenants in situ. Located on Lancaster Road in Morecambe, you couldn t pick a more convenient location with supermarkets, shops, eateries and pubs all on your doorstep. Excellent transport links lead to the centre of Morecambe, Lancaster and the M6 motorway via the Bay Gateway. With a vibrant community, stunning natural landscapes and upcoming investment projects bringing new investment to the area, it's the perfect time to invest in Morecambe.

A three bedroom flat with a private entrance sits across two floors and comprises of a spacious living room, kitchen, bathroom and three double bedrooms. With a long term tenant it is a safe investment with £500 rental income monthly and a tenant that wishes to remain.

The commercial unit on the ground floor comprises of a large office space, with a kitchen and bathroom. The lower ground floor features converted cellar rooms, previously housing a tattoo parlour, they are good sized dry rooms offering versatile space that can be tailored to the needs of the business. With a professional firm currently using the space a licence to occupy until 2026 and a rental income of £390 per month, it s a great opportunity for savvy investors.

In total, the building returns £10,680 per annum, representing a 7.6% gross yield on asking price. The landlord confirms that there are no rent arrears with all rent payments up to date and a good history. It is intended that this freehold property is sold subject to the tenancies in existence and not with vacant possession

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