Summary - 16-18, FOUNTAIN STREET LA12 7EQ
1 bed 1 bath Commercial Property
Period building with parking and refurbishment potential for investor or occupier.
Town-centre position with high pedestrian footfall potential
Freehold mid-terrace commercial building, approx. 952 sq ft
Private courtyard/carport providing off-street parking and rear access
Two ground-floor sales/reception areas plus kitchen/diner
Two first-floor rooms usable as offices or one-bedroom accommodation
EPC Rating E; property requires modernization and refurbishment
Medium flood risk; higher local crime rate — check insurance
Sold by public auction; administration fee and legal pack disbursements apply
A substantial mid-terrace commercial property in Ulverston town centre, offered freehold and sold at public auction. The building spans three floors with two ground-floor reception/sales areas, kitchen/diner, two first-floor rooms adaptable as offices or a one-bedroom flat, bathroom and attic space — about 952 sq ft in total. A private courtyard/carport provides off-street parking and rear access, a useful rarity in the centre.
The property is a period granite-built terrace with double glazing and gas central heating to radiators; it will suit an investor or a business seeking town-centre presence. The layout offers straightforward conversion or refit potential for retail, office use, or a mixed-use scheme (subject to necessary consents). Nearby amenities, good mobile signal and multiple primary and secondary schools add to local demand and footfall.
Buyers should note notable risks and costs: the sale is by public auction with a guide price of £95,000 and an administration fee payable on exchange (1.2% inc VAT, minimum £1,500). The building requires some modernisation and finishes, the EPC is rated E, and the area records higher-than-average crime levels. There is a medium flood risk — investigations and appropriate insurance are advisable.
This is a value-led opportunity for an investor or small business owner who can manage refurbishment and the auction process. The freehold tenure and central location give long-term potential once improvements are made.
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