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Retail Property (high street) for sale

Market Street, Morecambe, Lancashire, LA4

Offers in Excess of £250,000
4,463 sq. ft.

Property Description

Commercial information

  • 4,463 sq ft (414 sq m)

Key features

  • Pedestrianised town centre location
  • Let to Savers Health & Beauty Ltd on a lease expiring in 2019
  • Total Floor Area: 4463 sq ft
  • Tenant in occupation since 1983

Full description

Tenure: Freehold

ADDRESS: Unit 3, Market Street, Morecambe, Lancashire, LA4 5DW
Pedestrianised town centre location
Total Floor Area: 4463 sq ft Let to Savers Health & Beauty Ltd on a lease expiring in 2019
Tenant in occupation since 1983
Morecambe is a popular coastal town benefitting from good road communications with the M6 being 6 miles to the east.
Morecambe overlooks Morecambe Bay and is 4 miles north-west of Lancaster, 30 miles north-west of Preston and 42 miles north of Blackpool.
The property is situated on the west side of Euston Road at the junction with Market Street, close to an entrance to the Arndale Centre, within the pedestrianised central shopping area. Occupiers close by include Barclays Bank, Ladbrokes, Home Bargains, JD Wetherspoon, Peacocks, Holland & Barrett, Subway and Nationwide among others.
The property is arranged on ground and one upper floor to provide a shop unit with ancillary accommodation on the first floor. The property benefits from service access to the rear.
Gross Frontage 30 ft.
Shop Depth 98ft
Ground floor 2275 sq ft
First Floor 2,188 sq ft
Total 4463 sq ft
Let to Savers Health & Beauty Ltd for 5 Years from 17th July 2014 at a rental of 20000 PA with a break at year 3. The tenant has been in occupation since 1983 Previous rent paid by tenant was 31750.00 20,000 p.a.
For the year ended 29th December 2013, Savers Health & Beauty Limited reported a turnover of 247m, a pre-tax profit of 9m
RENT: 20,000 p. a.
TENURE: Freehold
VAT: Applicable
PRICE: Offers in excess of 250,000 7.8% Net

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