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Retail Property (high street) for sale

Stonewell, Lancaster, Lancashire, LA1

Guide Price £285,000

Property Description

Full description


The subject property is located in a prime, visible position facing directly on to Lancasters busy one way system. Nearby occupiers include Yellow Door Lets, various food users, residential accommodation and a multi-story car park sited opposite.


The building is effectively a double terraced unit consisting of two ground floor shops with two flats situated above the Post Office and a further studio flat located to the rear of the property, off the back of the Post Office. The sale is to include the freehold for the building although the other flats situated above the mobile phone shop have been sold off long leasehold.


2 Stonewell - Ground Floor shop occupied by 'Fone World' - 453 sq ft NIA.
3 Stonewell - Ground Floor Shop occupied by the Post Office - 439 sq ft NIA.
Flat 5D, Moor Lane - Ground Floor Studio Flat/Bedsit.
Flat 2, Stonewell - First Floor, 2 Bedroom Flat (some refurbishment works required).
Flat 4, Stonewell - Second Floor, 2 Bedroom Flat.


Mains electricity, water and drainage connected to all units. Flats 2 and 4 also benefit from gas.


2 Stonewell - Let to 'Fone World' on a 5 year IRI lease commenced September 2011.
3 Stonewell - Let to the Post Office on a 10 year IRI lease commenced March 2012.
Flat 5D, Moor Lane - Let on an Assured Shorthold Tenancy.
Flat 2, Stonewell - Vacant.
Flat 4, Stonewell - Vacant.

Tenancy Schedule available upon request.


The property is for sale freehold and subject to the tenancies detailed above. Leases are available upon request.


2 Stonewell - Rateable Value 4,600
3 Stonewell - Rateable Value 4,850


All outgoings quoted are exclusive of VAT.

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