The property is located on the east side of Newmarket Street within the heart of Bare, a popular residential suburb in Morecambe within the district of Lancashire.
There are a wide range of amenities and leisure facilities within close proximity to the property including numerous shops, pubs and restaurants providing good passing footfall for potential businesses.
Morecambe Golf Club and Morecambe Promenade are both situated just 0.5 miles from the property taking approximately 10 minutes on foot.
Bare Lane train station is within easy reach and there are great road links via the A683 to the M6 motorway.
This ideal mixed use investment offers versatile accommodation over two floors.
Currently arranged as two commercial ground floor retail units, one of which is currently occupied by a bakery, the other is a former takeaway shop which is currently vacant.
The first floor flat can be accessed via its own private entrance with stairs to first floor landing. The accommodation on offer comprises a spacious kitchen diner, lounge/ bedroom, two further bedrooms and fitted shower room.
Externally the property benefits from a rear yard area.
Property not measured.
We understand the property has mains electric, water and drainage.
We estimate if levels of full occupancy where achieved then the property could achieve approximately £800 pcm (£9,600 pa). Representing a gross yield of 18.46% based on the lower guide price.
The flat is rated in Council Tax Band A. Council Tax payable (2016/17) is £1,047.37.
10 Newmarket Street has a current rateable value of £1,375
12 Newmarket Street has a current rateable value of £990
£52,000 – £60,000+
Please note an inspection of this property has not been undertaken.
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
10, 12 & 12A Newmarket Street
✓ Ideal Investment or owner occupier
✓ Two retail units with flat above
✓ One retail unit currently occupied by a bakers
✓ First floor flat and other retail unit currently vacant
✓ Two/ three bedrooms
✓ Popular residential location
✓ Close to Morecambe promenade
✓ Viewing advised
Phone: 0115 970 6060
Our Ref: PR320