Shop for sale

Lancaster Road, Morecambe, Lancashire, LA4

Guide Price £225,000

Property Description

Full description

LOCATION

Morecambe is located 3.5 miles to the west of Lancaster and 20 miles north of Preston. The town benefits from excellent communications on the A589 being 1 mile from an access junction to the M6 Link Road, due to open July 2016.

Torrisholme is a popular residential area of Morecambe with the village centre being a busy focal point for retail and commercial users. The subject premises are situated on Lancaster Road with nearby users including the likes of Booths, a One Stop branch and the George pub.

DESCRIPTION

Offered for sale is this successful and longstanding newsagent business along with the freehold premises it occupies. The building itself is an end of terrace property of stone wall and slate roof construction comprising ground floor shop with yard to rear and two flats above. Flat 320a is accessed separately and currently let at 470 pcm and Flat 322a is accessed through the shop and offered with vacant possession. The yard to the rear could potentially be converted into parking spaces for the shop.

ACCOMMODATION

RETAIL UNIT
Front retail area - approx 32.75 m2 (353 sq ft)
Rear office/stores - approx 19.56 m2 (211 sq ft)
Rear store room - approx 7.2 m2 (78 sq ft)
Rear office - approx 7.92 m2 (85 sq ft)
Access to basement
Net internal area of retail unit - 67.43 m2 (726 sq ft)

FIRST FLOOR FLAT - 322A LANCASTER ROAD
WC - 0.82m x 1.44m
Bathroom - 2.55m x 2.1m
Reception room - 3.75m x 4.1m
Kitchen - 2.15m x 3.73m
Access onto veranda
Second floor bedroom/loft room - 2.86m x 2.11m

FIRST FLOOR FLAT - 320A LANCASTER ROAD
Bathroom
Bedroom
Reception room
Kitchen

OUTSIDE SPACE

There is a yard area to the rear of the shop which could be converted into parking spaces. The driveway down the side of the premises comes as part of the freehold. The vendors will reserve a right of way over this driveway to access their retained land to the rear.

BUSINESS

Included in the sale is the longstanding newsagent business that occupies the retail unit, along with the associated fixtures, fittings and goodwill. The business has operated from the premises for many years and is a well known name within the local community with the proprietor now looking to retire after many successful years. The business employs 4 part time staff and 24 junior employees for paper round duties. The turnover stands at 363,627 for year ended 29th September 2014 and accounts will be made available to genuinely interested parties.

TENURE

The premises are available for sale freehold, subject to the existing Assured Shorthold Tenancy on Flat 320a with a current rent of 470 pcm.

SERVICES

All mains services connected up.

RATEABLE VALUE

Rateable Value - 7,300

VAT

All figures quoted are exclusive of, but may be subject to VAT at the prevailing rate.

VIEWING

Strictly by appointment with Fisher Wrathall. Parties should under no circumstances approach the business directly.

Nearest stations

  • Bare Lane (0.6 mi)
  • Morecambe (1.5 mi)
  • Lancaster (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fisher Wrathall, Lancaster - Commercial

The Old Warehouse, 6 - 8 Castle Hill, Lancaster, LA1 1YP

01524 930037 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bare Lane (0.6 mi)
  • Morecambe (1.5 mi)
  • Lancaster (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fisher Wrathall, Lancaster - Commercial

The Old Warehouse, 6 - 8 Castle Hill, Lancaster, LA1 1YP

01524 930037 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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