Regent Road, Morecambe, LA3
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
16
- BATHROOMS
8
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Sold By Modern Method Of Football
- Block Of Eight - Two Bedroom Flats
- Income Producing Circa £60,000 Per Annum
- 10% Yield
- All Flats Tenanted
- Double Glazing Throughout
- Gas Central Heating
- Access To Local Amenities
- Eden Project Morecambe
- No Chain
Description
INVESTMENT OPPORTUNITY- TWO BLOCKS OF FLATS (EIGHT UNITS TOTAL)
A rare and exciting opportunity for investors to acquire two substantial freehold properties, each comprising of four self-contained two-bedroom flats, which are being sold together in the heart of Morecambe which is a short walk is away from the popular promenade.
Offering a total of eight well proportioned two bedrooms flats, all currently tenanted with assured rental income of Circa £60,000 per annum, this ready-made portfolio is ideal for investors looking to expand or to start. The properties are located within easy access of many local amenities, schools and transport links providing access to Morecambe Town Centre and Lancaster.
Each flat benefits from a private entrance, uPVC double glazing, gas central heating, carpet throughout, fitted kitchen and a three-piece bathroom suite.
With Morecambe Bay’s highly anticipated Eden Project Morecambe, this area is poised for significant growth, making this a particularly attractive long-term investment.
We would highly recommend an internal viewing to appreciate the size and standard of the property.
Services: All flats have mains water, gas and electricity. Each flat is individually metered for all services
Solar Panels: Solar panels fitted to the roof are connected to a feed in meter and contribute towards the cost of the landlord supply.
Fire Alarm: Regularly serviced fire alarms. One for each block.
Council Tax:
81 Regent Road 83 Regent Road
Flat 1 – Band A Flat 1 – Band A
Flat 2 – Band A Flat 2 – Band A
Flat 3 – Band A Flat 3 – Band A
Flat 4 – Band A Flat 4 – Band A
EPC:
81 Regent Road 83 Regent Road
Flat 1 - D Flat 1 - D
Flat 2 - C Flat 2 - C
Flat 3 - C Flat 3 - C
Flat 4 - C Flat 4 - C
Auction
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Tenure: Freehold,- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- No parking
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Regent Road, Morecambe, LA3
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Notes
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Visit our security centre to find out moreDisclaimer - Property reference P2833. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fisher Wrathall, Lancaster. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Fisher Wrathall, Lancaster on 01524 967560.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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