13 Flats and Commercial Property for Sale - FREEHOLD - over 11% Yield
Description : 28 Jan, 2023
The properties are held under two separate titles ( Euston Road, & Tunstall Street, Morecambe, Morecambe)
We want to sell both titles under one sale.
General Description: 88b/90 Euston Road: Property comprises a brick built 4 storey Victorian terrace comprising x7 one bedroom flats and a ground floor commercial unit. The property can be accessed via Euston Road to the front, or Tunstall Street to the rear, with each flat having its own separate entrance. 92/92A is as above, but with x6 one bedroom flats and a ground floor commercial unit.
Total rent roll is £74,000 per annum. This can be increased
The property has been extensively renovated internally, with each flat comprising its own lounge, kitchen, bedroom and bathroom, with new boilers in every flat and separate utility meters. The property benefits from alarm systems, and CCTV security. Externally, the property’s roof has recently been renewed.
All outgoings such a water, council tax etc, paid by tenants directly.
We can manage the properties for you.
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