Church Street, City Centre, Lancaster, LA1 1NP
For Sale
Land & Development, Investment, Leisure & Hospitality
1,620 Sq Ft
For Sale: £275,000 for the Freehold
Get in touch for this property:
- Popular Lancaster City Centre Location
- Ground Floor Commercial Let
- Student Accommodation above
- Commercial Rent £7,920 per annum
- Student Gross Circa £25,000 PA When Fully Let
- Rear Garage & Basement Storage
- Adjacent to St Nics Shopping Centre
- Virtual Tour Available Upon Serious Enquiry
- Viewing Strongly Recommended
- Viewing Access Via Agent
Traditional end terraced premises with commercial retail unit on the ground floor and 4 bedroomed student apartment above over 2 floors. The ground floor and basement is let to Car Audio including the Garage behind.
Commercial lease now 'rolling' with either party serving a 3 month notice period. Currently generating £7,920 per annum. Annual rent reviews carried out at the end of March.
The studio accommodation is currently not yet let for the academic year 2025/2026.
Overall gross income when fully let in the region of £32,880 per annum for the academic year ending September 2025.
City centre location adjacent all amenities and ideally placed for access to the bus station to Lancaster University and University of Cumbria.
| Description | Sq Ft | Sq M |
|---|---|---|
| Commercial Ground Floor | 527 | 48.96 |
| Student Accomodation | 1,093 | 101.54 |
| Total | 1,620.00 | 150.50 |
All mains services available with gas central heating to the living accommodation.
Commercial tenant lease now 'rolling' with option to break providing 3 months notice.
Prices are exclusive but may be liable to VAT.
Each party responsible for their own legal costs.