Damside Street, Lancaster, Lancashire, LA1 1PB

Location

The property occupies a prominent city centre location opposite the end of North Road and within close proximity to Lancaster bus station, benefiting from excellent visibility and accessibility. The position provides strong levels of pedestrian and vehicular traffic throughout the day, supported by nearby commercial occupiers and surrounding city centre activity.

The commercial element is particularly well suited for takeaway or other customer-facing uses, benefitting from direct access from the main road and consistent passing trade generated by commuters, shoppers, and visitors using the nearby bus station and surrounding businesses.

Description

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.



Accommodation Text

This end-terraced property is arranged over three floors and comprises a ground floor commercial premises together with a two-bedroom flat above, offering a versatile mixed-use opportunity suitable for investors or owner-occupiers.

The commercial accommodation occupies the ground floor and includes a prominent frontage leading into two additional rear rooms providing flexible operational space. A commercial kitchen is already in place, along with further ancillary room space, WC facilities, and a rear fire exit, making the premises suitable for a variety of food-led or customer-facing businesses, subject to any necessary consents.

The residential accommodation is arranged over the upper floors and comprises two double bedrooms, one of which is located within the loft space. The flat also includes a kitchen, living room, and dining area, all finished to a reasonable standard and suitable for immediate occupation or letting.

Overall, the property presents an attractive mixed-use opportunity combining commercial trading space with self-contained residential accommodation in a single asset.



Services

All mains services connected.

EPC Information

Domestic - 54C

Non-Domestic - 69C

VAT

All prices quoted are exclusive of VAT but may be liable, property not registered for VAT.