Primrose Street, Lancaster, Lancashire, LA1 3BN

Location

Situated on Primrose Street, these premises benefit from a convenient and well-connected position close to the established White Cross Business Park. The surrounding area includes a diverse mix of residential housing, accommodating families, students, and professionals, which supports strong local footfall and potential customer reach for a variety of occupiers.

The location offers excellent accessibility, being easily reached from Lancaster city centre either on foot or by car.

Description

Investment Opportunity - Fully Let Premises with Attractive Yield (BUSINESS NOT AFFECTED)

This property presents a strong investment opportunity, currently let to Atkinsons Sandwich Bar and generating an annual rental income of £7,200. Based on the asking price, the asset offers an appealing yield of approximately 10.36%, providing a solid return for investors seeking a stable, income-producing property.

A rent review is scheduled for January 2026, offering potential for an uplift in rent and a corresponding increase in yield, subject to market conditions and tenant performance. The established tenant and consistent rental income provide reassurance for long-term investment security, while the upcoming review presents room for further growth.

Overall, this property represents an attractive and affordable investment option with a healthy return, reliable occupation, and clear potential for future value enhancement.

Accommodation Text

This stone-built property is arranged over two levels, comprising a ground floor and a basement. The premises include an external WC and benefit from a front yard that can accommodate a car parking space.

The property is freehold, with the flat above is leasehold on a 999-year lease.

Services

Water and electric connected

EPC Information

C-59

Use Class

Use class - E

VAT

Prices are exclusive of VAT but may be liable, property not elected for VAT