Summary - Block of 8 Flats LA3 1AD
16 bed 8 bath Block of Apartments
**Standout Features:**
- Block of eight two-bedroom flats
- Income-producing at approximately £60,000 per annum
- Attractive 10% yield
- All flats currently tenanted
- Modern enhancements: double glazing and gas central heating
- Solar panels for cost efficiency
- Ideal location near local amenities and Morecambe’s promenade
- Excellent mobile signal and fast broadband speeds
- Freehold tenure and chain-free sale
- Very affordable council tax
**Key Details:**
Discover a rare investment opportunity with this block of eight self-contained two-bedroom flats nestled in the heart of Morecambe. Generating approximately £60,000 in annual rental income, this income-producing property boasts a solid 10% yield, making it an attractive prospect for new or experienced investors. Each flat features convenient access with private entrances, well-appointed kitchens, and modern amenities such as gas central heating and double glazing to ensure tenant comfort.
Ideal for those seeking a stable rental portfolio, the location offers excellent connectivity to local amenities, schools, and the promising Eden Project Morecambe, which signals future growth in the area. While the property is overall well-maintained, potential investors should note the surrounding environment's high crime rate and deprivation indicators. However, rapid urban development hints at significant possibilities ahead. Don’t miss out on this exceptional investment—schedule your viewing today and secure your future in this growing locale!
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