This property is not currently available. It may be sold or temporarily removed from the market.

FOR SALE- 6-8 Slip Inn Lane, Lancaster

£150,000
  • Ref: 8674888
  • Type: Investment
  • Availability: Sold STC
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Property Features

  • INVESTMENT OPPORTUNITY
  • Currently let on a 6yr lease (approx 4.5yrs remaining)
  • Rental income £8kpa increasing to £9k Aug 2020
  • Floor space over 2 storeys- 917sq ft (approx)
  • Tenanted-Hair and Tattoo studio
  • EPC = E (122)
  • City Centre Location
  • Old character property
  • Roller shutter to windows and door
  • Viewings available

Property Summary

INVESTMENT OPPORTUNITY-FOR SALE A 2 storey mid terraced property. Currently let on a 6 year lease with approx 4.5 years remaining. Rental income currently 8,000pa increasing to 9,000 August 2020. Floor space 917sq ft approx. City Centre Location. Currently let as a real ale bar.

Full Details

Ground floor
A double, glass fronted showroom opening out into Slip Inn Lane- a prime location in Lancaster city centre, with plenty of foot fall. The shop has laminate flooring and electric heating

1st Floor
A door from the shop leads through to a staircase leading up to a further 2 rooms. 1st room - 5.6m x 5m to widest part, 2nd room 2.9m x 5m. There is also a kitchen area with sink and electric water heater and a seperate W.C

Location
Lancaster is a busy University City and a principal town of North Lancashire. Within easy access of the M6 motorway from junction 33 and 34. Preston and Kendal are approx 20 miles away. The premesis are located in the heart of Lancaster city centre fronting onto a pedestrian thoroughfare which links Marketgate shopping centre and Market Street, which is one of the city's major retail precincts. Nearby occupiers are Starbucks, Cafe Nero, TK Maxx and WH Smiths.

FOR SALE
This property is also available for sale -Asking Price
£90,000

Location
Lancaster is a busy University City and a principal town of North Lancashire. Within easy access of the M6 motorway from junction 33 and 34. Preston and Kendal are approx. 20 miles away. The premises are located in the heart of Lancaster City Centre fronting onto a pedestrian thoroughfare that links Marketgate shopping centre and Market Street, that is one of the City's major retail precincts.
Nearby occupiers are Starbucks, Cafe Nero, TK Maxx, NEXT, Primark, Waterstones and WH Smiths.

Investment Opportunity
This attractive property has been recently renovated by the current tenant to a very high standard.

Currently let on a 6yr lease with approx. 4.5yr remaining. Rental income £8k pa increasing to £9k August 2020

Note: Fixtures & Fittings are not included in the sale.

Ground Floor
The front of the property has two large glass plated windows with security shutters. the front door opening out into Slip Inn Lane - a prime location in Lancaster City Centre, with plenty of foot fall. Recently refurbished and currently used as a Micro Bar.

Bar with store room and hatch into cellar. Stairs leading to first floor.

Ground Floor 483sq ft / 44.9sq m

First Floor
Immediately at the top of the stairs there is a useful large storage space.

The first floor is light and airy with traditional features and looks our onto Slip Inn Lane. It is currently used as a seating area for customers to enjoy a drink and has a temporary art exhibition on display.

An inviting space to relax and enjoy a drink.

The new, tastefully decorated toilet facilities are on the first floor. They consist of three separate cubicles.





First Floor
Storage 394 sq ft/ 28.6 sq m
Kitchen 40 sq ft/3.7 sq m
Staff Toilet

Services
Mains water and electricity.

EPC
E (122)

Rates
Rateable value £6700.00

Viewing
Strictly by prior appointment with Sole Agent Fisher Wrathall,
Telephone- 01524 69922
Email- [email protected]