Regent Road, Morecambe, LA3

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 Bays 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.