£325,000
South Road, Lancaster, LA1
- 8 beds
£325,000
- 8 beds
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This large end terrace is set over four floors and has been converted to contains six bedsit flats, two on each floor, and a spacious two bedroom apartment in the basement that also has access to the rear garden. The property is being sold with 5 tenants in situ, four of the bedsits are currently occupied as is the two bedroom apartment. Its current yearly turn-over is estimated at £18,000.
Each of the bedsit flats has a built in kitchenette, mostly double glazed and electric storage heaters. The basement apartment has its own combi boiler. The building has a fully wired fire alarm system and fire escape windows fitted in communal areas. The building is in need of modernisation and offers a huge potential for investors in a prime location.
A huge benefit is the rear parking, essentially it has its own car park to the rear that will comfortably accommodate x4 vehicles, this is accessed from Railway Street.
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