81/83 Euston Road and 4-6 Central Drive, Morecambe LA4 5JY

The property comprises a high yielding, mixed-use, investment which is fully let to four occupational tenants, with the remaining flats sold off on a long leasehold basis. Arranged as three ground floor retail units with residential upper parts, all three retail units are let, with an additional two bedroom flat let on an AST (remaining flats sold long-leasehold). The investment is producing a total rent of £24,100 per annum. We consider the property to have asset management potential via the renewal of the leases on two retail units (the tenants are currently holding over). There also may be an opportunity to advance rents, with an estimated total ERV for the asset of £30,000 per annum. The property occupies a prominent corner pitch at the junction of two arterial routes, and sits immediately opposite the pedestrianised section of Euston Road. The area is characterised by a mix of retail and residential use.