FOR SALE – INVESTMENT PROPERTY, 362 Marine Road East, Morecambe

Location
Morecambe is an extremely popular traditional seaside holiday resort sitting on the eastern shores of Morecambe Bay looking towards the Lakeland Fells.

Preston is located some 28 miles to the south, Lancaster 3 miles to the east and to the north west and north east lie the Lake District and Yorkshire Dales National Parks respectively.

Morecambe is benefitting from ongoing development and regeneration initiatives including the proposed Eden Project North for which a planning application has been submitted and approved but awaits satisfactory funding.

Designed to take into account the ecology of the Bay, Eden Project North will further enhance the tourist and resident attraction of Morecambe, once built, as well as further improve student diversity in conjunction with Lancaster University.

Description
Traditional substantial 5 storey mid terraced residence in prime sea front location close to the iconic town hall.

The property has been split into 5 flats for a number of years, all fully let which provide an annual income.

Excellent open marine views to the front. Ideal Investment property in a much sought after location.

Accommodation

Basement – Flat 1

Private Front Entrance Porch
Upvc double glazed front entrance door.

Lounge
4.150 x 3.555 (13’7″ x 11’7″)
Radiator.

Separate Room
4.122 x 2.073 (13’6″ x 6’9″)
Presently used as a bedroom with no external window.

Inner Hall
With storage areas, radiator.

Bedroom
3.850 x 3.709 (12’7″ x 12’2″)
Radiator.

Dining Room
3.086 x 3.045 (10’1″ x 9’11”)
Upvc double glazed rear entrance door, radiator.

Kitchen
2.973 x 2.178 (9’9″ x 7’1″)
Sink unit, fitted units, Upvc double glazed window.

Play Room
3.804 x 2.281 (12’5″ x 7’5″)
Upvc double glazed window, radiator.

Showeroom/w.c.
2.186 x 1.999 (7’2″ x 6’6″)
Step in shower, wash basin, toilet, gas boiler, Upvc double glazed window, radiator.

Rear Yard Area with Car Parking

Ground Floor

Communal Entrance Vestibule

Communal Entrance Hall
With staircase leading off.

Ground Floor – Flat 2

Private Entrance Hall

Lounge
4.559 x 4.222 (14’11” x 13’10”)
Plus deep Upvc double glazed front bay window with views, storage heater.

Dining Kitchen
4.030 x 3.925 (13’2″ x 12’10”)
Maximum overall measurement into recess and incorporating showerroom, sink unit, fitted units, Upvc double glazed rear entrance door onto balcony.

Showerroom/w.c.
Step in shower, wash basin, toilet.

Bedroom
3.185 x 3.132 (10’5″ x 10’3″)
Upvc double glazed rear window, storage heater.

First Floor

Store Room
3.125 x 2.243 (10’3″ x 7’4″)
Landlord’s store room including step in shower, wash basin, toilet.

First Floor – Flat 3

Private Entrance Hall

Lounge
4.649 x 3.341 (15’3″ x 10’11”)
Plus deep Upvc double glazed front bay window with excellent views, storage heater.

Dining Kitchen
4.064 x 3.679 (13’3″ x 12’0″)
Maximum overall measurement into recess and incorporating showerroom, sink unit, fitted units, Upvc double glazed rear window, storage heater.

Showerroom/w.c.
Step in shower, wash basin, toilet.

Bedroom
3.639 x 2.376 (11’11” x 7’9″)
Plus recess with built in wardrobe, Upvc double glazed front window with views.

Second Floor – Flat 4
Landing with stairs off to third floor, Upvc double glazed rear window.

Private Entrance Hall

Lounge
4.649 x 3.389 (15’3″ x 11’1″)
Plus deep Upvc double glazed front bay window with excellent views, storage heater.

Dining Kitchen
3.945 x 2.571 (12’11” x 8’5″)
Sink unit, fitted units, Upvc double glazed rear window, storage heater.

Showerroom/w.c.
Step in shower, wash basin, toilet, heated towel rail.

Bedroom
3.581 x 2.311 (11’8″ x 7’6″)
Upvc double glazed front window with views, storage heater.

Third Floor – Flat 5
Private staircase leading up to the third floor

Landing

Lounge
4.586 x 2.857 (15’0″ x 9’4″)
Upvc double glazed front window with views, storage heater.

Bedroom
3.557 x 2.867 (11’8″ x 9’4″)
Upvc double glazed front window with views, storage heater.

Dining Kitchen
3.904 x 3.739 (12’9″ x 12’3″)
Sink unit, fitted units, Velux double glazed skylight, storage heater.

Showerroom/w.c.
Step in shower, wash basin, toilet, heated towel rail.

Exterior
Front Garden area. Rear Yard area with some car parking.

Services
Mains services connected. All flats electric apart from the basement flat which has gas central heating.

Income
We are advised that the current income is £27,078 per annum.

Viewing Arrangements
Strictly by appointment with Fisher Wrathall Commercial, 82 Penny Street, Lancaster, LA1 1XN.
Please call 01524 69922 to arrange or email: info@fwcommercial.co.uk