Moor Street, Lancaster, Lancashire, LA1 1PR

• Two three-bedroom student flats
• A double commercial unit
• Strong income potential
• Gross yield of around 10.2%
• Combined annual income of approximately £39,317
• Further development opportunity
• Close to city centre
• Set back on a side street

Mixed-Use Investment Opportunity - HMO and Commercial Premises with Income Potential

An excellent opportunity to acquire a mixed-use investment property comprising two three-bedroom student flats and a double commercial unit, offering strong income potential with scope for further enhancement. The commercial element is currently arranged as a single double unit, with the option to reinstate two separate retail or office units, subject to requirements and any necessary consents.

At present, both commercial units and one of the student flats are vacant, providing flexibility for an incoming investor to set rental levels or occupy part of the property. The second student flat is let for the 2025/2026 academic year, and from the 2026/2027 academic year both flats have tenancies agreed, generating a combined annual income of approximately £39,317.

While already income producing, the property is not yet operating at full capacity, offering clear potential to increase returns through letting the vacant elements or reconfiguring the commercial space. Overall, this represents a strong investment opportunity for those seeking a mixed-use asset with established income and future growth potential.

The property is situated on Moor Street, offering an ideal location for student accommodation, just a one-minute walk from the city centre. This prime position provides immediate access to a wide range of shops, bars, restaurants, and local amenities, making it highly attractive to tenants.

Despite its close proximity to the city centre, the property is set back on a side street, offering a quieter environment away from the main hustle and bustle. This balance of convenience and tranquillity enhances its appeal, particularly for students seeking both accessibility and a more relaxed living setting.