This property offers an intriguing opportunity for those seeking a renovation project in the heart of Morecambe town center. Currently vacant, the building features a ground-floor commercial unit with two residential flats above, presenting numerous avenues for reimagining its use.
The commercial space has a prominent location along a busy high street, making it ideal for retail or office purposes. Above, the two flats provide potential for conversion into self-contained units, especially since planning applications have already been submitted for two-bedroom configurations. This dual-use setup not only maximizes income potential but also aligns with the growing demand for mixed-use properties in urban areas.
The surrounding region is undergoing significant investment and development, suggesting that revitalizing this property could yield substantial returns. The need for comprehensive refurbishment means there is room to tailor your vision to current market trends and demands.
As a freehold asset, this property presents a solid investment foundation, particularly in light of Morecambe’s ongoing urban improvements. With proper planning and execution, it stands to become an attractive addition to the local housing market as well as a viable commercial establishment.
Prospective buyers should consider viewing the property to fully appreciate its potential before bidding during the online auction scheduled for September 17th to 18th, 2024. It's essential to review all legal documents thoroughly and prepare necessary identification as part of the bidding process.
Whether you are an experienced investor or looking for your next project, this property could be the right fit for you in an evolving community landscape.
