Terraced house for sale in Euston Grove, Morecambe LA4

Exciting opportunity to acquire an established four bedroom mid terrace HMO within Morecambe Town Centre; fully occupied with respectful tenants earning £18720 a year, making a 10.4% yield based on the asking price.

This accommodation spans over four levels, is kept to a good condition, is double glazed, half gas central heated/ half electric heating and briefly comprises:

Lower ground level
Living room, kitchen diner, shower room and one bedroom – this flat has direct access to the rear yard – pays £85 a week

Ground floor level
Living room, bedroom, kitchen and shower room – pays £95 a week

First floor level
Open plan living kitchen, bedroom, large bathroom with a four-piece suite – pays £85 a week

Second floor level
Open plan living kitchen, bedroom and shower room - pays £95 a week

The owner pays for the water and council tax for the building.

The owner also pays for the electric, yet invoices the tenants on how much they use.

Externally there is zoned residential permit parking around the area and a small yard to the rear.

Situated in a superb location and within walking distance to the stunning Morecambe Bay and its views over to the Lake District Hills. If you don't drive or are looking for transport links close by then you couldn't be better placed with bus stop over the road, Morecambe train station a two-minute walk and Town centre amenities across the road. Morecambe is on the up and with approval of the Eden Project, there has never been a better time to invest in Morecambe.

Freehold
Council Tax Band - B