Parliament Street, Lancaster, Lancashire, LA1 1DQ

• Vacant possession
• Family owned for many years
• Well-established building
• Significant potential
• External yard
• Valuable outside space
• Blank canvas
• Refurbishment required
• Double-fronted façade
• attractive frontage

Former Cycle Workshop and Retail Premises - Development and Investment Opportunity

This former cycle workshop and retail premises is offered for sale with vacant possession, presenting an excellent opportunity for investors, developers, or owner-occupiers. Having been family owned for many years, the property offers a rare chance to acquire a well-established building with significant potential for future redevelopment or repositioning.

The premises could lend themselves to a variety of commercial uses or, subject to obtaining the necessary planning permissions, may offer scope for residential conversion or a mixed-use scheme. The flexibility of the accommodation provides an opportunity to maximise the property's long-term value and income potential.

A further benefit is the external yard area located to the side of the property, which can be accessed both from the rear of the building and directly from the street. This valuable outside space enhances the practicality of the property and could support a range of future uses.

Overall, the property represents a compelling development opportunity with vacant possession, external space, and considerable scope for alternative uses, subject to the relevant consents.

The property is situated on Parliament Street, within an area that has seen significant recent investment, including the development of large student accommodation schemes. This evolving location benefits from a growing residential population and increased levels of activity, creating a strong environment for a variety of commercial or residential uses.

The premises are within comfortable walking distance of Lancaster city centre, providing easy access to a wide range of shops, services, restaurants, and public transport links. The location also offers excellent connectivity to Morecambe, Heysham, and Carnforth, while nearby Caton Road provides direct access to the M6 motorway, facilitating convenient travel both north and south.