Description
This unique mixed-use property presents an excellent opportunity for investors, developers, or end-users, making it ideal for a variety of commercial ventures such as small business offices, commercial workshops, barber shops, laundrettes, or corner shops. With planning permission already approved for short-term lets, this property is also perfect for those looking to start or expand a holiday let portfolio, offering high return potential especially with the anticipated Eden Project development in the area. The versatile space allows for the expansion of current businesses or provides an exceptional foundation for start-ups aiming to establish themselves in Morecambe. Whether enhancing an existing operation or launching a new venture, this property offers a strategic location and flexible usage to meet a broad range of commercial needs.
Accommodation
This single-storey, flat-roofed, end-terrace stone-built commercial property, recently reroofed and renovated to a modern specification, presents a valuable acquisition opportunity, covering over 1140 Sq Ft. It features double-glazed windows throughout and comprises four rooms, including a brand new separate shower room and kitchen, enhancing its appeal with modern facilities and ample storage space. If repurposed as a holiday let, the property offers three bedrooms and a living area, making it an attractive option for tourists or short-term residents. Its size, versatility, and recent updates make it an ideal investment for those looking to capitalise on the growing demand for modern, well-located commercial or holiday rental properties.
Location
Morecambe is located 3.5 miles to the west of Lancaster and 20 miles north of Preston. The town benefits from excellent communications with The Bay Link Road leading to junction 34 of the M6 motorway. Morecambe has a population of approximately 33,500 with a catchment estimated to be in the order of 130,000 (Source CACI).
The property is located in a neighbourhood just around the corner from Morecambe town centre and a short distance from the sea front and site of the Eden Project. It is considered to hold clear potential for additional development on the site, should this be of interest to a future owner, as a single storey property at the end of a row of four storey properties. The property has had planning permission to flats above the existing building and future plans have been produced showing a new building on the site that could accommodate up to six apartments or a mixed use development.
Redevelopment Prospects
This property offers promising future redevelopment prospects, with the potential to add additional storeys for residential flats while maintaining commercial use on the ground floor. This strategic enhancement would not only maximise potential rental income by expanding the available space but also create additional opportunities for short-term holiday lets. Such developments would leverage the property’s location and versatility, significantly increasing its value and appeal in the market. This approach provides an excellent opportunity for investors looking to capitalise on both residential and commercial demand, ensuring a diverse and robust income stream from a single investment. For visual details on the proposed development, photos can be viewed in the advert or accessed via the link (https://www.fiverr.com/s/o8zX7kX).
Services
Mains electric and water connected.
EPC
F-149
Use
Lancaster City Council approved planning consent on the 8th April 2024 for either a use falling within Class E commercial planning or a holiday let use.
More information can be found on the planning portal quoting reference 24/00098/FUL.
Business Rates
This property was removed from the rating list on 1 April 2022
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
