For Sale – Investment – Euston Road, Morecambe

Location
The subject property is situated in a prominent corner position on Euston Road close to Morecambe centre.

Morecambe is located 3.5 miles to the west of Lancaster and 20 miles north of Preston. The town benefits from excellent communications on the A589 and is only 4 miles from Junction 34 of the M6. Morecambe has a population of approximately 33,500 with a catchment estimated to be in the order of 130,000 (Source CACI). The area benefits from the completion of the new M6 Link Road, The Bay Gateway and the regeneration of Morecambe seafront. Progress of the proposed Eden Project North is eagerly awaited.

Description
Substantial 3 storey property plus basement and attic room situated in a prominent corner position fronting Euston Road with return frontage to King Street. Currently trading as a takeaway with residential accommodation above being sold as a fully let investment. Current annual gross income £14,400.

Accommodation

Ground Floor - 135 Euston Road

Corner Sales Shop
5.333 x 4.703 (17'5" x 15'5")

Preparation Room
3.215 x 3.478 (10'6" x 11'4")

Kitchen
2.910 x 4.229 (9'6" x 13'10")

Toilet

Basement - 135 Euston Road

Store Room
3.182 x 3.144 (10'5" x 10'3")

Store Room
4.460 x 3.680 (14'7" x 12'0")

Ground Floor - 135A Euston Road

Entrance Hall
With staircase leading off.

First Floor - 135A Euston Road

Landing
With staircase leading off.

Lounge
3.580 x 4.004 (11'8" x 13'1")
Overall measurement into bay windows.

Kitchen
2.451 x 1.722 (8'0" x 5'7")

Bedroom
3.611 x 3.401 (11'10" x 11'1")

Room
Unable to inspect.

Bathroom/w.c.
Bath with shower mixer tap, wash basin and toilet.

Second Floor - 135A Euston Road

Landing

Lounge
3.511 x 3.339 (11'6" x 10'11")
Overall measurement into bay window.

Kitchen
3.003 x 2.281 (9'10" x 7'5")

Bedroom
3.596 x 3.112 (11'9" x 10'2")

Bedroom
2.863 x 2.127 (9'4" x 6'11")

Bathroom/w.c.
Bath with shower mixer tap, wash basin and toilet.

Third Floor - 135A Euston Road

Attic Room
4.323 x 3.260 (14'2" x 10'8")
Not all full head height.

Lease Terms
We are advised that the commercial unit numbered 135 is let £600 per calendar month.
We are advised that the residential units numbered 135A is also let at £600 per calendar month.
Current gross annual income is £1200 per calendar month which equates to £14,400 per annum.

Services
Mains services available.

Rateable Value & Council Tax
Rateable value of 135 Euston Road £2,750.
Council tax band of 135A - now split as Flat 1 and Flat 2 both band 'A'.

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