FOR SALE – Investment & Development Opportunity. Marine Road, Morecambe.

£499,950
  • Ref: 10070433
  • Availability: For Sale
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Property Features

  • Let Ground Floor Cafe with tenant
  • 3 Proposed Sea View Residential Flats Above
  • Opposite the Eric Morecambe Statue
  • Stunning Views of Morecambe Bay
  • Busy Promenade Location
  • EPC Rating 'C'
  • Upper floors in need of renovation
  • Separate access door to flats above
  • Investment opportunity
  • Viewings available now!

Property Summary

FOR SALE - Investment & Development Opportunity. Busy promenade location. Retail unit, currently used as a Cafe plus 3 proposed residential flats above. Cafe approx 1474.6sq ft. Ground floor property currently tenanted. Upstairs accommodation needs development.

Full Details

Location
Morecambe is a popular holiday destination sitting on the eastern shores of Morecambe Bay looking towards the Lakeland Fells. Preston is located some 28 miles to the south, Lancaster 3 miles to the east and to the north and west lie the Lake District and Yorkshire Dales National Park respectively.
The town boasts a wealth of attractions and is benefitting from ongoing development and regeneration initiatives including the ultimate re-opening of the Winter Gardens theatre, a new third Nuclear Power Station at nearby Heysham and completion of the Heysham M6 link which will significantly improve journey times between the town and the nearby M6 motorway Junction 34.

Note: Negotiations are ongoing to build an Eden Project in Morecambe.
Morecambe Bay is world renowned for its bio-diversity. Species found in the tidal sands are unique to the area - and that's a huge draw for wildlife lovers. Simon Bellamy, from the Eden Project, hopes to create one of the most distinctive tourist attractions in the UK in the north-west town. This hopefully will boost tourism in Morecambe and this property is ideally situated.

Details
This is a rare opportunity to acquire an investment / development property in a prime position, on the promenade in Morecambe.

This property includes a ground floor cafe currently let at £1100 per calendar month with a tenant on the residue of a 10 year lease and three vacant flats above. Occupying a commanding position on the Central Promenade overlooking the Eric Morecambe Garden and Morecambe Bay with stunning views across the bay to the Lakeland Hills.

Tenure
Freehold

Services
All connected

EPC
Ground Floor Cafe EPC C (59)

Viewing Arrangements
Strictly by appointment with Fisher Wrathall Commercial, 82 Penny Street, Lancaster, LA1 1XN.
Please call 01524 69922 to arrange or email: [email protected]