Summary - 22 Clarence Street, MORECAMBE LA4 5EX
1 bed 1 bath Office
Freehold building with approved Class E or holiday-let consent and strong rental yield.
Freehold mixed-use unit, newly renovated, 1,140 sq ft
This freehold, newly renovated single-storey commercial building on Clarence Street offers a clear income and redevelopment angle for investors or developers. It currently generates £8,400 pa, giving a headline yield of 13.09% at the asking price of £99,950. Planning consent (ref 24/00098/FUL) was approved on 8 April 2024 for Class E commercial use or holiday let, supporting flexible short-term rental or business use.
The property is practical and low-maintenance: recently reroofed, double-glazed throughout, with a new shower room and kitchen, electric services and fast broadband. At about 1,140 sq ft across four main rooms, the internal layout suits a small business, studio, or short-term let conversion. There is potential to add storeys for residential flats subject to planning and structural checks.
Buyers should note material negatives plainly: the area is classified as very deprived with very high local crime rates, and the plot is small. Heating is by electric room heaters and the building has a flat roof, which may mean higher running or maintenance costs over time. These factors weigh against price but also underpin the high yield and redevelopment upside for risk-tolerant investors.
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