Barclays Bank, Market Street, Lancaster, LA1 1HS
- SIZE AVAILABLE
7,400 sq ft
687 sq m
- SECTOR
Office for sale
Key features
- Lancaster City Centre location
- Recent interior and exterior refurbishment in the region of £500,000
- Grade 2 listed building
- Great access from both junction 33, 34 off the M6
- Let to Barclays Bank PLC
- Basement vaults
- Viewings available
Description
Lancaster is a vibrant university city with a wealth of history and is the principal town of North Lancashire. The M6 motorway passes to the East of Lancaster, with junctions 33 and 34 to the south and north respectively.
The population for the district is in excess of 130,000 which includes students.
The Barclays Bank Investment is situated in the heart of the city centre on the premier trading Street, Market Street.
Description
FOR SALE - DEVELOPMENT OPPORTUNITY. Stunning looking grade 2 listed property on the corner of Market Street and New Street.
Let to Barclays Bank plc on the remainder of a 20 year FRI lease from 17/05/2007 with a current rent passing of £92,678 p.a.
Numbered 38 Market Street and 34 New Street. Also included in the sale is the adjoining building 30/32 New Street, the bag shop let on a peppercorn rent.
Recent external and internal refurbishment works carried out in the region of £500,000.
This sale offers a rare chance today to purchase a landmark building in the centre of Lancaster.
INCENTIVES AVAILABLE - PRICED TO SELL.
Accommodation Text
Substantial and particularly spacious banking hall accommodation to the ground floor with ancillary offices and staff accommodation on the upper floors together with a self contained flat above. Basement vaults. 38 Market Street and 34 New Street offer basement, ground and two upper floors. The vaults extend under 30/32 New Street.
Adjoining accommodation 30/32 New Street has ground floor and two upper floors which has been sold off on a long lease, 999 years from 30/03/2012 at a peppercorn rent.
Built as a branch of the Bank of Liverpool, this stands on a corner site. It is in stone with slate roofs, and is in Elizabethan style. There are three storeys with attics, and three bays on both Market Street and New Street fronts, with a bay between them containing the entrance. The doorway is round-headed with Ionic pilasters. At the top of this bay is a gabled dormer with a square finial. On both fronts are gables flanked by turrets. All the windows are mullioned and transomed.
Built circa 1900 the Barclays Bank building itself is grade 2 listed.
Services
All mains services available in this location.
Brochures
Barclays Bank, Market Street, Lancaster, LA1 1HS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lancaster Station0.2 miles
- Bare Lane Station2.3 miles
- Morecambe Station3.1 miles
Notes
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