Summary - Princes Crescent, Morecambe, LA4 LA4 6BY
5 bed 1 bath Commercial Property
Mixed-use redevelopment potential near the seafront, ideal for investors or owner-occupiers.
Prominent Victorian corner commercial building with strong street presence
A sizable Victorian corner commercial premises with a five-bedroom flat above, offered at auction on a leasehold title. The property spans approximately 2,971 sq ft across three storeys and occupies a prominent end-terrace position close to Morecambe’s seafront, providing strong street presence for a retail or studio use while the upper floors deliver substantial residential accommodation.
This is a clear development and investment opportunity: the building retains period features and high ceilings but will need refurbishment and updating. Walls are likely uninsulated (original sandstone/limestone construction), the EPC is rated E, and the property is described as requiring development work — suitable for a buyer planning conversion, refurbishment, or a mixed-use scheme.
Important sale terms are factual and binding: the lot is sold by online auction on unconditional terms with completion strictly within 28 days. The property is leasehold and carries a buyer’s premium of £5,000 (inc. VAT) payable in addition to the sale price; a reserve price is set but unpublished. Prospective purchasers should carry out full due diligence and review searches before bidding.
Location strengths include excellent mobile signal, fast broadband, nearby amenities and schools, and proximity to the seafront. The surrounding area is classified as ageing urban communities with higher deprivation, which affects rental demand and yields; suitable buyers are investors or owner-occupiers prepared to manage renovation and local market considerations.
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