Primrose Street, Lancaster, Lancashire, LA1 3BN
For Sale
Land & Development, Investment, Leisure & Hospitality, Office
550 Sq Ft
For Sale: £69,950 for the Freehold
Get in touch for this property:
- BUSINESS NOT AFFECTED
- Rental income of £7,200
- Appealing yield
- Rent review is scheduled for January 2026
- Attractive and affordable investment option
- Long-term investment
Investment Opportunity - Fully Let Premises with Attractive Yield (BUSINESS NOT AFFECTED)
This property presents a strong investment opportunity, currently let to Atkinsons Sandwich Bar and generating an annual rental income of £7,200. Based on the asking price, the asset offers an appealing yield of approximately 10.36%, providing a solid return for investors seeking a stable, income-producing property.
A rent review is scheduled for January 2026, offering potential for an uplift in rent and a corresponding increase in yield, subject to market conditions and tenant performance. The established tenant and consistent rental income provide reassurance for long-term investment security, while the upcoming review presents room for further growth.
Overall, this property represents an attractive and affordable investment option with a healthy return, reliable occupation, and clear potential for future value enhancement.
Situated on Primrose Street, these premises benefit from a convenient and well-connected position close to the established White Cross Business Park. The surrounding area includes a diverse mix of residential housing, accommodating families, students, and professionals, which supports strong local footfall and potential customer reach for a variety of occupiers.
The location offers excellent accessibility, being easily reached from Lancaster city centre either on foot or by car.
| Description | Sq Ft | Sq M |
|---|---|---|
| Kitchen | 93 | 8.62 |
| Service Area | 170 | 15.77 |
| Basement | 275 | 25.55 |
| Total | 537.56 | 49.94 |
Water and electric connected
C-59
Use class - E
Prices are exclusive of VAT but may be liable, property not elected for VAT