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Market St - Lunesdale House 4,565 SF Retail Condo Unit Offered at $506,653 CAD in Morecambe LA4 5DW
Investment Highlights
- Part-income producing (Unit 2 tenanted)
- Planning approved for 3 residential apartments on upper floors
- Strong regeneration backdrop (Eden Project Morecambe)
- Vacant possession potential on Unit 1
- Close proximity to promenade and sea views
- Suitable for investors or owner-occupiers
Executive Summary
The property comprises two adjoining commercial units arranged over ground and first floors, extending to approximately 4,565 sq ft in total. Unit 1, an end-terraced former estate agency, is currently vacant, while Unit 2 is mid-terraced and occupied by an existing tenant. The premises benefit from a highly visible town centre position and offer substantial internal accommodation, with approved planning to convert upper parts into residential units, making it an excellent mixed-use investment opportunity.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Sale Conditions | Auction Sale |
| Tenure | Freehold |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Conditions | Auction Sale |
Description
Two premises being offered together for sale with Unit 1 being former estate agency and Unit 2 being tenanted by Wolfwood.
Unit 1 is end terraced and offers some 2145 square feet or thereabouts overall. Unit 2 is mid terraced and offers some 2420 square feet or thereabouts overall.
Any queries as to use should be directed to the local planning authority.
Extensive accommodation on both ground and first floors with high visibility within the shopping centre opposite Subway and entrance to the Arndale Centre. Rear service road known as Derby Street.
Unit 1 is end terraced and offers some 2145 square feet or thereabouts overall. Unit 2 is mid terraced and offers some 2420 square feet or thereabouts overall.
Any queries as to use should be directed to the local planning authority.
Extensive accommodation on both ground and first floors with high visibility within the shopping centre opposite Subway and entrance to the Arndale Centre. Rear service road known as Derby Street.
Sale Notes
Units 1 and 2 of Lunedale House on Market Street, Morecambe are being offered for sale as a combined freehold investment via online auction. The property comprises two substantial adjoining commercial units, one vacant (former estate agency) and the other currently tenanted (Wolfwood), offering immediate and potential income streams. There is significant value-add potential through already approved planning permission to convert upper floors into three residential apartments. Positioned in a prime town centre location with high footfall, the asset presents an attractive opportunity for investors or owner-occupiers seeking a mixed-use redevelopment or long-term hold in a regenerating coastal market.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1/2 | 4,565 SF | Retail | $506,653 CAD ($110.99 CAD/SF) | - |
Unit 1/2
| Unit Size |
| 4,565 SF |
| Condo Use |
| Retail |
| Price |
| $506,653 CAD ($110.99 CAD/SF) |
| NOI |
| - |
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Unit 1/2
| Unit Size | 4,565 SF |
| Condo Use | Retail |
| Price | $506,653 CAD ($110.99 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Conditions | Auction Sale |
| Description | |
| Two premises being offered together for sale with Unit 1 being former estate agency and Unit 2 being tenanted by Wolfwood.<br> <br> Unit 1 is end terraced and offers some 2145 square feet or thereabouts overall. Unit 2 is mid terraced and offers some 2420 square feet or thereabouts overall.<br> <br> Any queries as to use should be directed to the local planning authority.<br> <br> Extensive accommodation on both ground and first floors with high visibility within the shopping centre opposite Subway and entrance to the Arndale Centre. Rear service road known as Derby Street.</li></ul> | |
| Sale Notes | |
| Units 1 and 2 of Lunedale House on Market Street, Morecambe are being offered for sale as a combined freehold investment via online auction. The property comprises two substantial adjoining commercial units, one vacant (former estate agency) and the other currently tenanted (Wolfwood), offering immediate and potential income streams. There is significant value-add potential through already approved planning permission to convert upper floors into three residential apartments. Positioned in a prime town centre location with high footfall, the asset presents an attractive opportunity for investors or owner-occupiers seeking a mixed-use redevelopment or long-term hold in a regenerating coastal market.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 17,538 SF | Floors | 2 |
| Property Type | Hospitality (Condo) | Typical Floor Size | 9,109 SF |
| Property Subtype | Hotel | Year Built | 1926 |
| Building Class | B | Lot Size | 0.40 AC |
| Total Building Size | 17,538 SF |
| Property Type | Hospitality (Condo) |
| Property Subtype | Hotel |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 9,109 SF |
| Year Built | 1926 |
| Lot Size | 0.40 AC |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 9 | - | - |
1 1
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Market St - Lunesdale House
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