Queen Street, Morecambe, LA4 5EG

• Fully let mixed-use property
• Excellent investment opportunity
• Both residential & commercial space
• A well-sized 3-bedroom flat
• Excellent opportunity for investors
• SEE VIRTUAL TOUR
• Ground Floor Currently Vacant
• A commercial unit currently being used for short-term let purposes
• Featuring 2 rear yards
• Roller Shutter Windows

Investment Opportunity: Fully Let Mixed-Use Property

This fully let mixed-use property offers an excellent investment opportunity, combining both residential and commercial space. The first-floor accommodation comprises a well-sized 3-bedroom flat, while the ground floor is home to a commercial unit currently being used for short-term let purposes. The property is currently achieving an annual income of £11,100. The commercial unit currently on a short term license is let at £400 a month where as the flat is currently generating £525 a month with a long term tenant in situ. Taking into consideration the local rental market we feel a higher rent is realistic with like for like properties generating a higher income by comparison.

With an income stream and the opportunity for future rental growth and capital appreciation, this property presents an excellent opportunity for investors seeking a low-maintenance, high-yielding addition to their portfolio. Whether you're an experienced investor looking to expand or a newcomer to the property market, this mixed-use property offers the potential for both immediate and long-term returns.

Located on Queen Street, a highly popular part of Morecambe town centre, this property benefits from a vibrant and bustling area full of pubs, bars, clubs, shops, takeaways, and other local amenities. The street is situated amongst other residential flats, offering a blend of both commercial and residential spaces, making it an ideal location for a variety of businesses.

Just a short walk from both the town centre and the seafront, this location attracts high foot traffic from locals and visitors alike. The area benefits from a significant level of passing trade, with 1-hour parking available along the street, adding to the convenience for both customers and tenants.