Lot TBC - 29 West End Road, Morecambe, Lancashire, LA4 4DJ
- Unconditional Online Auction Sale
- Guide Price* : £325,000
- Bedrooms: 13
- Bathrooms: 11
- Reception Rooms: 2
CURRENTLY TENANTED - A FANTASTIC TEN BEDROOMED GUEST HOUSE (C1 USE) AND TWO BEDROOMED FLAT NEXT TO THE SEA!
Description
Tenanted on monthly contracts and a separate AST in the basement flat - which can achieve up to £78,000pa
To be sold via online auction - powered by The Auction Group.
Presenting an exceptional opportunity to acquire a substantial twelve bedroomed terraced guest house, ideally situated in a prime coastal location. At full capacity the property can achieve an income of approximately £78,000 per annum and is currently 80% occupied (Apr 26). Figures are available upon request from the seller.
This impressive property combines generous proportions with a versatile layout, making it suitable for those seeking a thriving hospitality business or a spacious residence with income potential. The guest house offers well-appointed accommodation arranged over four floors, with each of the ten guest bedrooms thoughtfully designed to maximise comfort and convenience for visitors with all rooms benefitting from en suite facilities, and all are tastefully decorated in a neutral palette, allowing for a welcoming and relaxing atmosphere. The property features a spacious and inviting reception area, perfect for greeting guests, along with a dedicated kitchen/dining room. Additionally, there are multiple storage rooms and utility areas throughout the property, ensuring smooth day-to-day operations.
The lower ground floor is dedicated to a separate 2 bed, 2 bathroom flat (currently pre-let on an AST). This self-contained flat comprises a comfortable lounge, two well-proportioned bedrooms, two bathrooms, and a fully fitted kitchen. The property has been maintained to a high standard, with recent updates to key services and tasteful finishes throughout. The property’s layout is flexible, allowing for adaption to suit a variety of business models or personal requirements. Situated just moments from the seafront, the guest house enjoys a highly desirable position, attracting tourists and business travellers alike. The surrounding area offers a wide array of amenities, including shops, restaurants, and transport links, all within easy reach. This is a rare chance to acquire a significant property in a sought-after location, offering both immediate business potential and scope for further development. Early viewing is highly recommended to appreciate the scale, versatility, and quality of this outstanding guest house. For further information or to arrange a viewing, please contact the office at your earliest convenience.
Auction Details
To be sold via Online Auction, via unconditional terms, completion strictly within 28 days
Bidding window opens - TBC
Auction Ends- TBC
Starting price - £325,000 (Reserve price is higher & unpublished)
Fees
All fees are payable by banks transfer only (we do not take card payments )
Buyers premium - Please note that there is a buyers premium of £10,000inc vat that applies to this lot ( %including VAT ) payable by the buyer within 2 hours of winning the auction. The buyer's premium does not constitute part of the sale price, this is the auctioneer's fee and is to be paid over and above the sale price paid to the vendor.
Searches - searches have been ordered and will be made available for download from The Auction Groups website prior to bidding taking place.
Viewings
To view the property please visit The Auction Groups website - www.the-auctiongroup.co.uk for viewing availability and to register your interest. It is highly recommended that you carry out any required due diligence prior to placing an offer on a property.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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