FOR SALE FREEHOLD INVESTMENT (Tennants Lloyds TSB) 47/49 Market Street, Lancaster. LA1 1JH.

FOR SALE FREEHOLD INVESTMENT (Tennants Lloyds TSB) 47/49 Market Street, Lancaster. LA1 1JH.

£750,000
  • Ref: 9254370
  • Type: Investment
  • Availability: For Sale

Property Summary

FOR SALE. FREEHOLD INVESTMENT.  47/49 Market Street, Lancaster. LA1 1JH (Tenants:-  Lloyds TSB Bank) 
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Location
Lancaster is a busy University City and the principal town of North Lancashire. Well placed adjacent to the M6 Motorway, it is approximately equidistant from Preston and Kendal which are about 20 miles away. The catchment for the district is in excess of 130,000 (including students) and the City has a population of more than 45,000.

Market Street forms part of Lancasters central pedestrianised retail area being a heavily foot trafficked thoroughfare heading towards the cities main line railway station. Nearby users include Waterstones, Entwistle Green Estate Agents and a variety of both A1 and A2 users together with public houses.

Description
Lloyds TSB Bank plc

Bank and premisies.

Ground Floor: Approx: 1539 sq ft
First Floor: Approx: 1313 sq ft
Second Floor: Approx: 1162 sq ft
Basement: Approx: 902 sq ft.

TOTAL AREA: Approx: 4916 sq ft

Current Lease Details
FRL = £51,000per annum

Lease expires 2021

Rates
The rateable value - effective from 1 April 2017 is £48,500

Guide Price
£750,000 (GBP)

EPC
D (91)

Details
Contact sole agent: Fisher Wrathall Commercial om 01524 69922