Summary - 22 Clarence Street, MORECAMBE LA4 5EX
1 bed 1 bath Office
**Standout Features:**
- Location: Situated off Morecambe Promenade with easy access to amenities and the town center.
- Income Potential: Currently generating £8,400 annually, with a yield of 13.09%.
- Size & Layout: Spacious 1,140 sq. ft. single-storey end-terrace building with modern renovations.
- Versatile Use: Planning permission for commercial uses or short-term lets approved by Lancaster City Council.
- Renovation: Newly renovated with a modern kitchen, separate shower room, and double-glazed windows.
**Potential Concerns:**
- Location may experience high crime rates, which could impact residential appeal.
- Area classified as very deprived, potentially affecting property values long-term.
Nestled in a prime location just off Morecambe Promenade, this modern mixed-use property covers 1,140 sq. ft. and offers significant income potential, currently generating £8,400 per annum with a high yield of 13.09%. Recently renovated, it features modern amenities including a separate shower room, kitchen, and double-glazed windows, making it an attractive proposition for both investors and business owners. With approved planning for commercial use or holiday lets, you can tap into the booming tourism market with properties poised around significant upcoming developments like the Eden Project North.
While the area is classified as very deprived and has higher crime rates, its strategic location provides a balance of tranquility and accessibility to Morecambe town center. This unique property offers incredible versatility, perfect for those looking to invest in a space ideal for small businesses, workshops, or as a holiday let. Future redevelopment options also exist, including the possibility to add additional stories, enhancing both rental income and marketability. Act quickly—opportunities like this don’t remain on the market for long!
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