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Main Road, Lancaster LA2 6 bed house for sale
Main Road, Galgate, Lancaster
£400,000
Main Road, Galgate, Lancaster
£400,000
Our Summary
- This is a perfect investment opportunity in an area close to the university, historically habited by post graduate students looking for a quiet dwellingCouncil Tax Information: Band AAgent NoteIn order to purchase a property in the UK, all estate agents are legally required to conduct identity checks on everyone involved in the transaction, in line with anti-money laundering regulations
Description
This substantial shop unity and large HMO is situated in the heart of Galgate, offering a fantastic investment opportunity. The property has been successfully let to students for the past few years, with the shop unit comprising a reception area, three separate rooms, a kitchenette, and two WC's, and a cellar. The HMO, located on the second floor, has six bedrooms, two shower rooms, and a kitchen, and has been rented to students for the past five years at a current rate of approximately £470 PCM per room. The shop unit also generates rental income of £750 PCM, bills excluded. The property has a rear yard and is located close to the university, making it an attractive option for postgraduate students. With a current council tax band of A, this property offers a great investment opportunity for those looking to generate rental income in a popular area.