MapRetail property (high street)
Features and description
- Fantastic Investment Opportunity
- Laundry Business with £120,000 gross annual income
- Two 3 Bed Maisonettes; Currently Let for £580pcm & £640pcm
- Garage to the Rear Elevation
- Double Glazing & Gas Central Heating
- Great Location close to Town Centre & Amenities
- Option to Buy with Tenants in Situ
We are pleased to offer to auction this A superb investment opportunity to purchase an established laundry business with a gross annual income of £120,000pa, set in terraced commercial unit with two 3-bed maisonettes situated above. Both maisonettes are currently let out for £580pcm and £640pcm - with the option to buy with tenants in situ.
The laundry premises is set across the ground floors of both 164 and 166 Lancaster Road and offers a shop frontage area, two work rooms, two laundry machine rooms and a staff room - plus a garage to the rear for additional storage.
164a Lancaster Road is the maisonette accessible from the front elevation with accommodation set over the first and second floors - offering three double bedrooms, lounge, modern fitted kitchen and four piece bathroom suite. The kitchen offers a range of wall and base units in cream gloss with granite effect worktops, integrated oven and hob with extractor hood. The spacious bathroom suite comprises fitted bath, separate shower cubicle, low flush WC and wash hand basin.
166b Lancaster Road is accessible from the rear elevation, with the accommodation also set over the first and second floors. This maisonette offers two reception rooms - one currently used as a dining room/home office - fitted kitchen, three piece bathroom suite and three double bedrooms. Alternatively the second reception room could also lend itself to an additional bedroom. The fitted kitchen offers a range of wall and base units in light wood effect with granite effect worktops, integrated oven and hob, plumbing for washing machine and space for freestanding fridge freezer. The bathroom suite offers a modern three piece suite in white comprising bath with wall mounted shower, low flush WC and wash hand basin.
Both maisonettes and the commercial premises benefit from double glazing and gas central heating.
Lancaster Road offers a mix of residential and commercial properties and is within easy reach of Morecambe Town Centre, offering a good footfall and a range of local amenities. Nearby transport links include bus routes, train station and the M6 link road ‘The Bay Gateway’ also offers swift access to the motorway and areas further afield including The Lake District.
Disclaimer - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. It is not company policy to test any services or appliances in properties offered for sale and these should be verified on survey by prospective purchasers.
Please note we have not inspected this property.
Rooms
EPC
Available Upon Request (Rating B).
Rateable Value
The adopted rateable value is £7,600 as of 1 April 2023.
Sourced by VOA.
Tenure
Freehold. Title numbers LA866042 & LA804960
Accommodation
The laundry premises is set across the ground floors of both 164 and 166 Lancaster Road and offers a shop frontage area, two work rooms, two laundry machine rooms and a staff room - plus a garage to the rear for additional storage.
164a Lancaster Road is the maisonette accessible from the front elevation with accommodation set over the first and second floors - offering three double bedrooms, lounge, modern fitted kitchen and four piece bathroom suite. The kitchen offers a range of wall and base units in cream gloss with granite effect worktops, integrated oven and hob with extractor hood. The spacious bathroom suite comprises fitted bath, separate shower cubicle, low flush WC and wash hand basin.
166b Lancaster Road is accessible from the rear elevation, with the accommodation also set over the first and second floors. This maisonette offers two reception rooms - one currently use...
Location
Lancaster Road offers a mix of residential and commercial properties and is within easy reach of Morecambe Town Centre, offering a good footfall and a range of local amenities. Nearby transport links include bus routes, train station and the M6 link road ‘The Bay Gateway’ also offers swift access to the motorway and areas further afield including The Lake District.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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