End terrace house for sale in South Road, Lancaster LA1

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.

EPC Rating: E

Location

Welcome to South Road in central Lancaster. Positioned near the Pointer Roundabout this is an extremely well connection location, just a stones throw from Lancaster Royal Infirmary, and walking distance into the city centre. Access to the University's and the train station is also fairly simple with very regular buses.

Garden

Private garden with patio, trees and access to rear parking.

Parking - Off Street

Drive / parking for x4 vehicles to the rear of the property