FOR SALE – FREEHOLD COMMERCIAL INVESTMENT (Tenants Lloyds TSB) 47/49 Market Street, Lancaster.

£750,000
  • Ref: 9254370
  • Availability: For Sale
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Property Features

  • COMMERCIAL INVESTMENT PREMISES
  • Prime City Centre Location
  • Existing Tenants LLOYDS TSB Bank
  • Lease Extension Under Review

Property Summary

FOR SALE - FREEHOLD INVESTMENT - 47/49 Market Street, Lancaster. LA1 1JH (Tenants:-  Lloyds TSB Bank)

Full Details

Location
Lancaster is a busy University City and the principal town of North Lancashire. Well placed adjacent to the M6 Motorway, it is approximately equidistant from Preston and Kendal which are about 20 miles away. The catchment for the district is in excess of 130,000 (including students) and the City has a population of more than 45,000.

Market Street forms part of Lancasters central pedestrianised retail area being a heavily foot trafficked thoroughfare heading towards the cities main line railway station. Nearby users include Waterstones, Entwistle Green Estate Agents and a variety of both A1 and A2 users together with public houses.

Description
Lloyds TSB Bank plc

Bank and premisies.

Ground Floor: Approx: 1539 sq ft
First Floor: Approx: 1313 sq ft
Second Floor: Approx: 1162 sq ft
Basement: Approx: 902 sq ft.

TOTAL AREA: Approx: 4916 sq ft

Current Lease Details
FRL = £51,000per annum

Lease expires 2021 (currently under negotiation to extend the lease length)

Rates
The rateable value - effective from 1 April 2017 is £48,500

Guide Price
£750,000 (GBP)

EPC
D (91)

Viewing Arrangements
Strictly by appointment with Fisher Wrathall Commercial, 82 Penny Street, Lancaster, LA1 1XN.
Please call 01524 69922 to arrange or email: [email protected]