5-bedroom house · LA4 5DY
For saleListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Farrell Heyworth are delighted to offer for sale this prime town centre building which includes a prominent commercial/restaurant space to the ground floor with x three large apartments and rear car park.
The property is a freehold transfer sale with x 4 ongoing successful tenancies and the business unaffected by the transfer. All three flat units are fully tenanted with good rental incomes.
The shop is rented to a established restaurant/bar providing a strong commercial investment. The building is located just off the sea front with x 2 of the flats having sea views.
The property is very close to the proposed Eden Project site and we believe would make a superb long term investment. Full details of the income are available through the vendors agent.
The Morecambe area takes full advantage of the recently opened Bay Gateway link road which provides direct access to the M6 great for visiting the Lake District, Kendal and Yorkshire Dales.
The Morecambe area is currently working towards the construction of the Eden Project which we believe will significantly enhance the popularity of the area and boost the local economy.
Council Tax Information: Band A Agent Note In order to purchase a property in the UK, all estate agents are legally required to conduct identity checks on everyone involved in the transaction, in line with anti-money laundering regulations.
Farrell Heyworth outsource this process to a trusted third party, and a non-refundable charge will apply. Please contact your local branch for further details.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Pedder Street, Morecambe
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