It is a terraced ex-B&B Hotel with 9 bedrooms + 2 huge basement rooms, boiler-room, 2 baths, utility and massive open plan living-room & kitchen-diner. It is situated merely a minute’s walk from the sea-front. However, it was severely vandalised and so has no lighting except on ground floor. As all pipes and radiators were removed, there is no heating; and water supply only to the stop-cock in the basement. All this could be a blessing as most light, heat and water will need to be renewed anyway and so can be tailored to your own requirements. As the property has lain dormant for a long while it had developed a leak on the roof. This has now been repaired but the water ingress has partially damaged the ceilings to the lower floors.
I would like sell it to an investor or property developer who can realise its full potential. The property has 5 floors comprising a basement, ground floor and 3 further floors with a potential either for a huge family mansion or flats. It is currently a blank canvas to paint your own vision.
In last 10 years, Morecambe has transformed itself to its former glory and Morecambe-bay has been revamped to be one of the best coast-lines in the country.
Tripadvisor ranked the Morecambe Prominade as having some of the best views in the country. The area is also the gateway to the beautiful and touristic landscapes in the Lakelands which are only about 20 miles away. In 2023 Morecambe was awarded the Eden-Project with a Government injection of £50.9m (with further £50m to be injected by the Council and its sponsors) and is due for opening in 2028.
This has led to huge influx from investors, developers and businessmen spurring plenty of further developments. In place of some small shops on the promenade there are plans to build an 86 bed hotel. There is ongoing regeneration of the former Frontierland site. Lancaster University campus is only about 15 minutes away and is ranked in the top 10 places to study in the UK. In Heysham, on site of the former Pontins Middleton Holiday Camp, plans have been approved for 49 new homes. Following the government’s cancellation of the HS2 high-speed rail to the north, it unveiled a £494m pot for local transport development for Lancashire which is planning on new rail station and regular electric trains for Morecambe Bay attractions like the Eden Project. The Federation of Fish Fryers recently nominated the Chippy in Westgate Morecambe as one of the best in the country. Morecambe’s fitness centre has also been similarly recognised as one of the best. A further £750K grant from the Brownfield Land Release Fund is to be injected to bring back to life the old Co-Op building (Centenary House). All this development will attract hundreds of thousands of tourists to the area. Above property for sale is literally about 100 metres from the site of the Eden-Project lifting considerably its value and marketability. In recent surveys, Morecambe has been voted the best up and coming seaside town in the country and The Midland Hotel on the sea-front was listed by The Times as the cosiest seaside hotel in the UK. General activity in Morecambe has shot up by over 70% in last 4 years.
I am sending this information to yourselves in case you or any of your clients would be interested in acquiring this huge property in a great location, right on top of the Eden-Project, for £185K to add to their portfolio. With additional around £75-100K, I would think it could be transformed into a beautiful huge family mansion with a market value of around £350K; an immediate potential capital gain of over £75K even allowing for contingencies and with the current stampede towards Morecambe, prices can only go higher. If desired, it also has potential for a number of flats which could be even more profitable.
I am about to send this to several property developers so please contact me as soon as you can if you or your clients would like to snap up this financially attractive project.