Land adj to Park Hotel, Balmoral Road, MORECAMBE, Lancashire, LA3 1AF

Description

An excellent opportunity to acquire a freehold residential development site benefiting from full planning permission for the construction of six contemporary family homes, comprising three 3-bedroom and three 4-bedroom properties. The site is offered with vacant possession and provides purchasers with an immediately deliverable residential development opportunity within an established and improving residential location. Planning: Full planning permission was granted by Lancaster City Council on 8th May 2025 under planning application reference 25/00116/FUL for the construction of six new family dwellings. The wider planning consent also includes the conversion of the adjoining former Park Hotel; however, this sale relates solely to the residential development land. Planning link: https://planning.lancaster.gov.uk/online-applications/simpleSearchResults.do?action=firstPage Key Features: • Freehold residential development site • Full planning permission for six family homes • Three 3-bedroom and three 4-bedroom dwellings • Vacant possession • Prime West End Morecambe location • Adjacent to the redevelopment of the former Park Hotel • Minutes from the proposed Eden Project Morecambe • Excellent opportunity for developers and housebuilders • Eden Project Morecambe link: https://www.lancashire.gov.uk/major-projects/eden-project-north/ To view: By application to the site.

Location

The site occupies a prominent position adjacent to the former Park Hotel on Balmoral Road, conveniently located between Regent Road and Devonshire Road and within walking distance of Morecambe Promenade, Regent Park and the town centre. Lancaster city centre is also easily accessible by road and public transport. Morecambe is currently undergoing significant investment and regeneration, with the proposed £100 million Eden Project Morecambe set to become one of the UK’s most ambitious coastal regeneration projects. Located just a short distance from the site, the development is expected to drive further investment, employment, tourism and demand for quality residential accommodation across the area. The site also adjoins the former Park Hotel, which is currently undergoing an extensive conversion into fourteen high-quality apartments, further enhancing the immediate surroundings and demonstrating continued investment within the locality. Please note that the property being sold occupies the footprint of the houses and associated gardens, and not the proposed car park and internal access road.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £10,000–£20,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆