Summary -
Flat 1,31-33 Queen Street,MORECAMBE,LA4 5EQ
LA4 5EQ
4 bed 2 bath Shop
**Standout Features:**
- **Mixed-Use Property:** Shop with two fully-tenanted apartments
- **High Yield:** 8.6% yield with an annual income of £16,380
- **Location:** Busy area with easy access to amenities and local schools
- **Tenancy Status:** Long-serving tenants in place
- **Price:** £190,000
- **Low Council Tax:** Very affordable
- **Potential for Renovation:** Commercial space with multi-use potential
**Property Summary:**
Explore this promising investment opportunity located in a bustling area of LA4, combining a vibrant retail space with two rental apartments. The shop, currently generating £395 per month, is complemented by a well-arranged two-bedroom flat and a split-level two-bedroom flat that earn £475 and £495 monthly, respectively. This fully-tenanted property offers an impressive 8.6% yield, making it ideal for investors looking for reliable income and growth potential.
While the area shows promise, be mindful of its high crime rate and socioeconomic challenges. The local schools, which have received Good ratings, add family-friendly appeal, ensuring continued demand for rental properties. Act quickly—opportunities like this, offering both immediate income and long-term viability, won’t last! Viewings are highly recommended for those considering a valuable addition to their investment portfolio.
3 bedroom flat for sale in Claremont Road, Morecambe, LA4 — £85,000 • 3 bed • 1 bath • 1972 ft²
1 bedroom apartment for sale in Market Street, Morecambe, LA4 — £130,000 • 1 bed • 1 bath • 1614 ft²
Office for sale in Queen Street, Morecambe, LA4 5EG, LA4 — £135,000 • 1 bed • 1 bath • 1593 ft²
5 bedroom house for sale in Marine Road Central, Morecambe, LA4 — £350,000 • 5 bed • 1 bath • 1013 ft²
2 bedroom end of terrace house for sale in Heysham Road, Heysham, Morecambe, LA3 — £130,000 • 2 bed • 1 bath • 1403 ft²
4 bedroom terraced house for sale in Queen Street, Morecambe, LA4 — £190,000 • 4 bed • 2 bath • 754 ft²
