Damside Street, Lancaster, LA1 1BP
For Sale
Land & Development, Investment, Leisure & Hospitality, Other
1,092 Sq Ft
For Sale: £220,000
Get in touch for this property:
- Prominent Lancaster City Centre location
- Commercial ground floor - Let Takeaway
- First / second floor - Let Flat
- Monthly income - £1,520
- Annual Income - £18,240
- Investment Property
- Virtual Tour Available Upon Request
- Rare 12.06% Yield
- Viewings now available
FOR SALE - Commercial Unit on a 10 year lease. Above residential currently vacant. Ideal development opportunity too seek a greater rental income.
Prominent city centre location at the end of North Road close to the bus station.
Ground floor takeaway on a 10 year lease which started in May 2023. Current rental income £9,900 Per Annum.
Residential currently vacant, previously let at £700 pcm. Ideal investment opportunity.
Rare opportunity to acquire a leasehold investment in Lancaster city centre.
The leasehold is actually very long leasehold commonly known as a virtual freehold. (2000 years from June 1892)
Prominent city centre location opposite the end of North Road and close to the bus station.
Ideal location for the commercial tenant as a takeaway.
| Description | Sq Ft | Sq M |
|---|---|---|
| Front Sales Shop | 114 | 10.59 |
| Prep Room | 100 | 9.29 |
| Kitchen | 98 | 9.10 |
| Rear Entrance Hall | ||
| Ground Floor Inner Hall To Flat | ||
| Bedroom | 170 | 15.79 |
| Bedroom | 104 | 9.66 |
| Living Kitchen | 167 | 15.51 |
| Spacious Loft Room Storage | 244 | 22.67 |
| Bathroom/w.c. | 95 | 8.83 |
| Total | 1,092.00 | 101.44 |
All mains services connected.
Domestic - 54C
Non-Domestic - 69C