Parliament Street, Lancaster, Lancashire, LA1 1DQ

Location

The property is situated on Parliament Street, within an area that has seen significant recent investment, including the development of large student accommodation schemes. This evolving location benefits from a growing residential population and increased levels of activity, creating a strong environment for a variety of commercial or residential uses.

The premises are within comfortable walking distance of Lancaster city centre, providing easy access to a wide range of shops, services, restaurants, and public transport links. The location also offers excellent connectivity to Morecambe, Heysham, and Carnforth, while nearby Caton Road provides direct access to the M6 motorway, facilitating convenient travel both north and south.

Description

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.

Accommodation Text

The property is arranged over ground, first, and second floors, providing substantial accommodation with significant scope for refurbishment and redevelopment. A comprehensive programme of renovation is required throughout, including works to walls, ceilings, and other internal elements, presenting an opportunity for an incoming purchaser to reconfigure and modernise the building to suit their intended use.

The premises benefit from a double-fronted façade with large bay windows, creating an attractive frontage and allowing excellent levels of natural light into the property. These features provide a strong foundation for redevelopment and enhance the overall character of the building.

Overall, the property represents a blank canvas with considerable potential, offering investors and developers the opportunity to add value through refurbishment and create a bespoke commercial, residential, or mixed-use scheme, subject to the necessary planning consents.

Services

Mains electric and water connected.

EPC Information

D-89

Use Class

We believe the current use of the property will be an 'E'. Change of use possible subject to planning permission from the local authority.

Lease Terms

Property being sold vacant possession.

VAT

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

Legal Costs

Each party to bear their own costs.