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£635,000

Union Street, Ulverston

  • 8 beds
Flat

£635,000

  • 8 beds
Flat
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Estimate monthly mortgage payment:

£2,899 per month

Minimum deposit amount:

£31,750
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An opportunity to acquire a development of four apartments in the centre of the pretty market town of Ulverston. The apartments are currently used for the short-term holiday market and they have generated a good income for the current owners and achieving strong levels of occupancy.
The building comprises of three floors and sits next to the well known Ulverston Clock Tower towards the bottom of Market Street. The central location is a draw for holiday makers and the apartments are rated from 'very good' to 'fabulous' on Booking.com
Until recently the ground floor of the building was used as a take-a-way restaurant with three apartments above, however the commercial space has now been converted into a fourth flat on the ground floor and you can take a 360 degree virtual tour of this apartment in this listing.
In summary the building comprises of a ground floor, 2-bed apartment that has just been completed, a 3-bed apartment on the first floor, a 2-bed apartment on the second floor, and a 1-bed duplex apartment over the first and second floors.
All the apartments are finished to a high standard, with quality kitchen and bathrooms and are available for sale complete with the furniture. In addition, there is a private service room with its own access allowing the owner to manage all the cleaning and laundry needs of the business on-site.
Ulverston is a market town with a pretty cobbled main street and is full of independent shops and cafes. With its many bars and restaurants, it is a lively town and attracts thousands of visitors drawn by the social scene. During the year there are many festivals that bring in tourists including the famous Dickensian Festival. A 10-minute drive sees you arrive at the southern tip of Windermere and the world renowned Lake District National Park, and this ensures a consistent flow of guests looking for holiday bookings.
A superb investment opportunity.
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£2,899 per month
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