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Well-Presented Studio Apartment in Silk Mill

Well-Presented Studio Apartment in Silk Mill

Address

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Auction date

17 Nov 2026

Guide price

£23,000

Type

Flat

Tenure

Leasehold

EPC Rating

Unknown

Status

Upcoming

Auction location placehbolder

Description

This well-presented studio apartment offers open-plan living and sleeping accommodation in a convenient village setting, with communal leisure facilities and an established rental income.

  • Open-plan studio room with fitted kitchen and en-suite shower room
  • Furnished with a double bed, study desk, television and wardrobe
  • Communal games room, gym, cinema room, laundry room and secure bike storage
  • Rental income of £7,450 per annum; tenanted until November 2026
  • Lease with 146 years remaining
  • Annual service charge of £3,717.92 and ground rent of £350

Located in Galgate, the apartment is close to Lancaster University and offers convenient motorway links. The existing tenancy and stated rental income may appeal to investors, while the remaining lease term provides substantial leasehold ownership. Images were taken before the tenant moved in; prospective purchasers should review the legal pack for further information and applicable charges.

Last update: 22 Oct 2026

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