Commercial Properties For Sale in Primrose Hill, Lancaster, Lancashire

FOR SALE - Mixed-Use Investment Opportunity in Lancaster City Centre Prominent city centre property located at the end of North Road, close to Lancaster bus station and within easy reach of the main shopping and commercial areas. The property comprises a ground floor commercial unit together with residential accommodation above, presenting an excellent investment and development opportunity with strong income potential. The commercial premises are currently vacant, providing flexibility for an incoming purchaser to secure a new tenant or occupy the space themselves. Based on local market conditions, the commercial unit is anticipated to achieve a rental income in the region of £10,000 per annum once let. The residential accommodation is currently occupied under an Assured Shorthold Tenancy (AST), with the tenant having moved in during December 2025 at a rent of £795 PCM. When the property is fully let, the combined income is expected to provide a gross yield in the region of 10%, making this an attractive proposition for investors seeking a strong city centre return. This represents a rare opportunity to acquire a leasehold investment within Lancaster city centre. The leasehold is an exceptionally long lease, commonly regarded as a virtual freehold, extending for 2,000 years from June 1892.

Prime City Centre Investment Property with parking. Passing Rent £26800 pa - Asking Price £350,000

*** 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).

FOR SALE - Substantial and most prominently situated former 19th Century Church, corner sited with deep frontage onto the one way system on Rosemary Lane with return frontage to St Leonards Gate. In recent years used as a student venue bar. Ideally accessible to the proposed Canal Corridor development. Potential for a number of uses subject to any necessary change of use. Originally a 19th century Church. The Friary operated as a quirky pub until it was closed in September 2014. Popular with students it once had the largest projected screen in Lancaster. An imposing building, which is Grade 2 listed, boasts many period features such as an imposing and distinctive 3 stage tower. It dates from around 1879 - 81 and was originally built as a Congregational Church by JC Hetherington and GD Oliver of Carlisle. Listed on the Historic England website which shows all the listed buildings. Requires refurbishment. Some works have been carried out to the premises including asbestos removal, basement tanking and general clearance. Bat and Asbestos surveys. The premises are ideally placed for access not only to the city centre but also to the Canal Corridor. Particularly spacious character premises. Viewing essential to fully appreciate the space on offer. £46,500. Currently assessed as public house and premises. Rates currently not payable.

Moor Lane Mill comprises two former mill buildings of traditional stone construction beneath pitched slate roofs. Mill 1 provides accommodation arranged over five levels whilst Mill 2 is smaller and offers accommodation arranged over 2 floors. Both provide office accommodation in characteristic mill proportions, with large window openings affording good levels of natural light throughout. Internally, the accommodation offers predominantly open-plan floorplates, typical of its original industrial design, with generous ceiling heights and exposed structural elements. The layout provides flexibility and scope for a variety of configurations to suit alternative uses, subject to the necessary consents. The property benefits from direct access off Moor Lane, with additional points of entry to the rear with substantial car parking available immediately adjacent.

*** 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).

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.

Prime City Centre Investment Property with parking. Passing Rent £26800 pa - Asking Price £350,000

Former Cycle Workshop and Retail Premises - Development and Investment Opportunity This former cycle workshop and retail premises is offered for sale with vacant possession, presenting an excellent opportunity for investors, developers, or owner-occupiers. Having been family owned for many years, the property offers a rare chance to acquire a well-established building with significant potential for future redevelopment or repositioning. The premises could lend themselves to a variety of commercial uses or, subject to obtaining the necessary planning permissions, may offer scope for residential conversion or a mixed-use scheme. The flexibility of the accommodation provides an opportunity to maximise the property's long-term value and income potential. A further benefit is the external yard area located to the side of the property, which can be accessed both from the rear of the building and directly from the street. This valuable outside space enhances the practicality of the property and could support a range of future uses. Overall, the property represents a compelling development opportunity with vacant possession, external space, and considerable scope for alternative uses, subject to the relevant consents.

FOR SALE - Substantial and most prominently situated former 19th Century Church, corner sited with deep frontage onto the one way system on Rosemary Lane with return frontage to St Leonards Gate. In recent years used as a student venue bar. Ideally accessible to the proposed Canal Corridor development. Potential for a number of uses subject to any necessary change of use. Originally a 19th century Church. The Friary operated as a quirky pub until it was closed in September 2014. Popular with students it once had the largest projected screen in Lancaster. An imposing building, which is Grade 2 listed, boasts many period features such as an imposing and distinctive 3 stage tower. It dates from around 1879 - 81 and was originally built as a Congregational Church by JC Hetherington and GD Oliver of Carlisle. Listed on the Historic England website which shows all the listed buildings. Requires refurbishment. Some works have been carried out to the premises including asbestos removal, basement tanking and general clearance. Bat and Asbestos surveys. The premises are ideally placed for access not only to the city centre but also to the Canal Corridor. Particularly spacious character premises. Viewing essential to fully appreciate the space on offer. £46,500. Currently assessed as public house and premises. Rates currently not payable.

FOR SALE - Mixed-Use Investment Opportunity in Lancaster City Centre Prominent city centre property located at the end of North Road, close to Lancaster bus station and within easy reach of the main shopping and commercial areas. The property comprises a ground floor commercial unit together with residential accommodation above, presenting an excellent investment and development opportunity with strong income potential. The commercial premises are currently vacant, providing flexibility for an incoming purchaser to secure a new tenant or occupy the space themselves. Based on local market conditions, the commercial unit is anticipated to achieve a rental income in the region of £10,000 per annum once let. The residential accommodation is currently occupied under an Assured Shorthold Tenancy (AST), with the tenant having moved in during December 2025 at a rent of £795 PCM. When the property is fully let, the combined income is expected to provide a gross yield in the region of 10%, making this an attractive proposition for investors seeking a strong city centre return. This represents a rare opportunity to acquire a leasehold investment within Lancaster city centre. The leasehold is an exceptionally long lease, commonly regarded as a virtual freehold, extending for 2,000 years from June 1892.

An excellent opportunity to acquire a well-established cards and candles retail business, offered for sale as a going concern. The business benefits from a strong and loyal customer base and occupies a prime city centre location in the heart of the town, attracting consistent footfall from both locals and visitors. The shop specialises in greeting cards for all occasions and offers a well-curated range of quality candles and complementary gift items. The business holds a good level of quality stock, allowing a new owner to continue trading with minimal interruption. Overall, this represents an attractive opportunity for an owner-operator or investor seeking a ready-to-trade retail business with an established reputation and strong presence within a busy town centre setting.