Location The property is prominently situated at the junction of Regent Road and Clarendon Road East. The premises are within a popular residential area providing a range of local amenities.
Morecambe town centre is within half a mile to the north. Regent Road connects to Marine Road West (A589) which is the main road and forms the Morecambe Promenade overlooking Morecambe Bay itself. Morecambe historically is a tourist town and the 2011 Census confirmed a resident population of 34,768.
Description Two substantial terraced properties providing ground floor retail area and 3 upper floors of living accommodation. There is also a basement storage area.
Accommodation The ground floor of 48 Regent Road has return frontage to Clarendon Road East and provides a ground floor retail unit inter-linked with 46 Regent Road and extends to approximately 228.9 m² (2,464 ft²). The upper floor accommodation to No. 48 Regent Road includes a maisonette over 2 floors which includes living room, kitchen, bathrooms and 4/5 bedrooms. It has a main entrance on Clarendon Road. All the residential accommodation has been fitted out to a good standard. Above 46 Regent Road there are 3 flats each on separate floors providing 2 bedrooms, living with kitchen area and separate bathroom facilities.
Services All mains electricity, gas, water and drainage are available.
Planning We understand the premises benefit from planning permission generally within Class A1 and C3 of the Town & Country Planning (Use Classes) Order 1987 (as amended). Interested parties should make their own enquiries via the local planning authority, Lancaster City Council (tel. 01524 582900).
Tenure and Occupational Lease Information The premises are available freehold subject to occupational leases in the form of a 10 year lease dated 30 April 2015 on an FRI basis subject to an annual rental of £10,500 per annum. The residential components are let on Assured Shorthold Tenancy Agreements on standard terms. The properties above 46 Regent Road are let individually. Two flats are let at £425 per calendar month and the third flat is let at £450 per calendar month. The maisonette above 48 Regent Road is let at £650 per calendar month. The total rental income is £33,900 per annum.
Guide Price Offers in the region of £375,000. This represents a return of 8.72% after standard purchasers costs.
For Sale - Commercial & Residential Investment - 44a - 48 Regent Road Morecambe
Location The Church occupies a substantial portion of the block surrounded by Chapel Street, New Street and fronting onto Edward Street adjacent to Morecambe Town Centre.
Whilst the immediate location is predominantly residential the location lies a short distance from the Promenade and a range of amenities together with the Telephone Exchange Public Car Park being positioned immediately to the rear. The Arndale Morecambe Bay Shopping Centre and Central Retail Park located close by in either direction.
Description A substantial detached former Church dating back to 1878 being Grade II Listed. It is of stone construction beneath tiled roof.
The property is generally open plan albeit with some separate annexes in addition to a cellar which we understand formerly housed the boiler room.
The former main church area benefits from an eaves height of approximately 11.3 metres.
Accommodation We have estimated that the Church extends to a gross internal floor area of 709 m² (7,632 ft²).
Services We understand that the premises benefit from a new electricity supply but presently no water/gas are present nor does the property benefit from WC’s.
We understand, however, that drainage could be reinstated, however, would suggest enquiring parties make their own enquiries in this regard.
Rating Assessment We understand the premises do not currently have a rating assessment.
Planning We understand that the premises benefit from a general use classification within Class D1 of the Town & Country Planning (Use Classes) Order 1987 (as amended).
Interested parties are recommended to make their own enquiries with Lancaster City Council planning department (tel. 01524 582900).
Tenure Understood to be freehold with the benefit of vacant possession. Asking Price Offers in the region of £80,000.
FOR SALE - Former St Laurence's Church, Edward Street, Morecambe, LA4 4BL
Type: Residential, Retail
Former St Laurences's Church, Edward Street, Morecambe, LA4 4BLGBMorecambeLancashireLA4 4BLEdward Street