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Marine Road Central, Morecambe - For Sale

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    On behalf of the Joint LPA Receivers - A C Wright & S J Hunt FREEHOLD RETAIL/RESIDENTIAL OPPORTUNITY FOR SALE - OFFERS INVITED Semi detached property comprising former Indian restaurant with vacant possession, tenanted two bedroom flat and adjoining 'kiosk type' retail unit. Prominent corner position on Morecambe promenade with parking to the side and rear.

    LOCATION
    Morecambe is located 3.5 miles to the west of Lancaster and 20 miles north of Preston. The town benefits from excellent communications on the A589 and is 4 miles from Junction 34 of the M6.

    The property occupies a prominent position on the corner of Northumberland Street and Morecambe promenade.

    DESCRIPTION
    The premises comprise a semi-detached property of brickwork construction, with rendered elevations, under a pitched roof, with a small 'kiosk-type' extension with a part pitched roof and part flat roof. There is a tarmacadam car park area adjacent to the property. The premises have been split to accommodate a restaurant premises and a small retail unit on the ground floor with a residential flat to the first floor. The restaurant premises are offered with vacant possession with the adjoining retail unit and first floor flat currently tenanted and income producing.

    ACCOMMODATION
    GROUND FLOOR
    Restaurant premises - Net Internal Area 1,200 sq ft (111.5 sqm)
    Retail unit - Sales Area 177 sq ft (16.5 sqm)

    FIRST FLOOR
    Two bedroom flat, accessed from rear.

    SERVICES
    We understand that all mains services are connected, however interested parties should make their own enquiries.

    TENURE
    We are marketing the freehold title, subject to the existing occupational agreements which are as follows:-

    GROUND FLOOR RESTAURANT - Offered with vacant possession.
    ADJOINING RETAIL UNIT - let at £5,000 per annum and trading as a 'Rock Shop' who occupy on a seasonal basis.
    FIRST FLOOR FLAT - Let on a Statutory Periodic Tenancy at £433.33 pcm (approx. £5,200 per annum).

    RATING
    Former Restaurant Rateable Value - £9,500
    Rock Shop Rateable Value - £3,550

    EPC
    Copies of the EPCs are available upon request.

    PRICE
    Offers invited on an unconditional basis for the freehold interest.

    VAT
    All outgoings quoted are exclusive of VAT.

    VIEWING
    Please note that viewing is currently restricted to the former restaurant only.

    Strictly by prior appointment with the sole agents:-

    Fisher Wrathall, 82 Penny Street, Lancaster LA1 1XN T: 01524 69922 E: commercial@fisherwrathall.co.uk

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