Potential Rental Income £12,500 Per Annum
850 Sq Ft of Retail Space Available
Potential to Increase Rental Income Through 2nd Flat
Established 15 years, Extensive Client List
EPC Rating - NOT REQUIRED
This is a fantastic opportunity to purchase a superbly fitted out 3 storey investment property including a two, one bedroom apartments situated within a prime trading position; in a regenerated part of Morecambes West End. The premises are situated on Yorkshire Street West amongst a number of retail outlets.
Entering through the main door into the reception area the ground floor has three tanning rooms, one vertical, two horizontal. To the rear is the toilet and wash room and also a store room. Access to the large storage cellar is from this area.
The second floor consists of four tanning rooms, three horizontal and one vertical. Our client advises that the second floor could easily be converted STPP to a further apartment that could easily generate an additional rental income of £4400.
The third floor is utilised as a one bedroomed apartment and comprises of lounge/kitchen diner, double bedroom and shower room. The apartment have been newly fitted and decorated to the highest standard and currently generates a rental income of £4,400 per annum.
1 Full time manager and 1 part time staff member.Fixtures:
5 x Horizontal sun beds, 2 x Vertical sun beds, Various shelving and storage units, Reception Desk, Paintings and various Bric a Brac
Saturday - 10.00 - 18.00
Ground floor consists of four tanning rooms, a Washroom, store room and access to the rear yard and cellar. The cellar is equal to the area of the premises and is utilised as storage. The second floor has three tanning rooms with a staircase leading to the private apartment situated on the second floor. The apartment has one double bedroom, large lounge, kitchen and bathroom. The whole of the premises have been refurbished and are in excellent condition throughout. The ground floor generates WT of £500, there is huge potential for a new owner to increase the turnover.
Location Details: Morecambe
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