83 Bowerham Road
Lancaster
Lancashire
LA1 4AQ
Market Street, Morecambe
Price Guide £130,000
1 Bedroom Apartment - Above Shop
- NO CHAIN
- GREAT INVESTMENT
- INCOME PRODUCING APARTMENTS
- BEAUTIFULLY PRESENTED
- SPACIOUS ROOMS
- AVAILABLE AS A PAIR OR TO PURCHASE SEPARATELY
- HEART OF THE CITY CENTRE
- CLOSE TO THE SEAFRONT
- GOOD LOCAL AMENITIES
- MUST SEE APARTMENTS
Two exquisite first-floor apartments located in the heart of the town centre, offering exceptionally spacious accommodation with high-end luxury fittings. Both of these one-bedroom apartments are currently tenanted, making them an excellent investment opportunity. Available for purchase individually or as a pair, each apartment is priced at £130,000.
Both the current tenants signed up on short AST for 6 months from 7th January.
3a, (front flat) is £1,050 inclusive of all incoming bills, water, electric and council tax.
3b (rear flat ) is £1,150 all inclusive of bills.
Investment Overview:
Price: £130,000 per unit (gross yield based on Buy-to-Let only)
Projected Yields:
3a: 9.7% gross, approximately 7% net
3b: 10.5% gross, approximately 7.9% net
Additionally, holidaycottages.com has projected rental income for serviced accommodation to be £19,000 gross and £15,000 net per apartment. This presents an excellent opportunity for Airbnb or short-term lets, offering strong returns on investment.
Located in the heart of Morecambe, this prime location puts everything you need right on your doorstep. Just a two-minute stroll to the seafront, you can enjoy the vibrant promenade lined with shops, attractions, and charming cafés—perfect for a leisurely day out. In the opposite direction, Morecambe train station is only a short walk away, offering excellent connectivity for commuters and travellers alike.
Entrance Hallway Flat (3a) Front
Electric radiator, walk-in storage room housing the water cylinder and consumer unit.
Open Plan Lounge/Kitchen
Lounge area with double-glazed window to the front, electric radiators and carpeted floor. Kitchen area with a range of crafted cabinets with complimentary work surfaces, four plates electric hob and oven, extractor hood, stainless steel sink, fridge/freezer, plumbing for washing machine and tiled floor.
Bedroom
Wonderful spacious room with a double glazed window to the side, carpeted floor, radiator.
Bathroom
Shower cubicle with thermostatic shower, wash hand basin, bath, extractor fan, heated towel rail, tiled floor, W.C.
Entrance Hallway Flat (3b) Rear
Carpeted floor.
Open Plan Lounge/Kitchen
Lounge area with double-glazed window to the front, electric radiator and carpeted floor. Kitchen area with a range of crafted cabinets with complimentary work surfaces, four plates electric hob and oven, extractor hood, stainless steel sink, fridge/freezer, plumbing for washing machine and tiled floor.
Bedroom
Spacious room with a double-glazed window to the side, carpeted floor, radiator and walk-in wardrobe.
Inner Hallway
Walk-in storage room housing the water cylinder and consumer unit, door to the bathroom.
Bathroom
Shower cubicle with thermostatic shower, wash hand basin, bath, extractor fan, heated towel rail, tiled floor, W.C.
Investment and Useful Information
Tenure Leasehold
Lease Length TBC
Both apartments will be on separate title deeds
Council Tax Band (TBC)
Available for purchase individually or as a pair, each apartment is priced at £130,000.
3a, (front flat) is £1,050 inclusive of all incoming bills, water, electric and council tax.
3b (rear flat ) is £1,150 all inclusive of bills.
Investment Overview:
Price: £130,000 per unit (gross yield based on Buy-to-Let only)
Projected Yields:
3a: 9.7% gross, approximately 7% net
3b: 10.5% gross, approximately 7.9% net
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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