Commercial Properties For Sale in Lancaster, Lancashire

Prime drive-up self storage freehold development opportunity

The premises comprise a two-storey mid-terraced property of conventional stonework construction beneath a pitched roof covering to the front which have been subsequently extended to the rear beneath flat roof coverings and having brickwork elevations. Internally, the premises provide open plan sales accommodation on the ground floor which benefits from plastered/painted walls, carpet floor covering and a suspended ceiling incorporating both Cat II and spot light fittings.  Ancillary storage is provided to the rear of the ground floor. At first floor level the building accommodates a staff kitchen/breakout area, female and male WC facilities and additional storage accommodation.

*** INCOME PRODUCING HMO STUDENT PROPERTY *** 8 LETTINGS BEDROOMS *** BATHROOM *** SHOWERROOM *** 3 WC'S *** HEART OF THE CITY CENTRE *** LONG LETTING HISTORY *** GREAT LOCATION *** This property has the possibility of being sold as part of a portfolio with three other properties which offer some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation. The property is situated within walking distance of all Lancaster amenities including gyms, pubs, clubs, shops, eateries and health services. This is a very popular and sought after location. This property is let for the 2025/2026 academic year at 8 x £120PPW x 48 weeks offering an annual gross income of £46,080 providing a gross yield of 11.5%. The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property). *This property currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion). A current landlord's gas safety certificate is in place along with EICR (electrical installation condition report).

Acting on behalf of Taylor Wimpey, Eckersley's are looking for expressions of interest from developers and end user in respect of the 2 hectare employment site allocation in the North Lancaster Strategic Site at Slyne Road in Lancaster. Further details will be made available to all boda fide enquiring parties in due course.