Morecambe

  • £76,000
  • For sale
  • Apartment
  • 2 bedrooms

Front of building

  • Tenanted ground floor conversion in a pleasant neighbourhood.
  • Cashflow positive.
  • Management available
  • Available below market value
  • Freehold available if adjoining flats purchased

2 bed Lower ground floor flat in converted house consisting of 3 units. The property is available as a single leasehold unit or the entire house can be purchased on a freehold basis.
The property is available below its market valuation and has long term tenants providing a positive cashflow.

Lower Ground floor 2 bedroomed flat in good decorative order. The property is currently tenanted. The tenants pay an annual rent of £4920p.a offering a gross yield of 6.47% p.a. The property has a garden that is fully decked.

The ground floor flat has 2 bedrooms (This was not available for inspection). It is available for £76,000 and has a reserved rent of £5220p.a. (Gross yield 6.87%)

The top floor flat has 3 bedrooms and is available at £81,000 offering a gross yield of 6.29% p.a.