Block of 8 Flats
- 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
- 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 City 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
EPC rating: C. 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.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- 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
Block of 8 Flats
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Visit our security centre to find out moreDisclaimer - Property reference P2480. 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.
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