Primrose Street, Lancaster, Lancashire, LA1 3BN
Size
550
Tenure
Freehold
EPC
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Parking
1
- Primary use
- Shop
- Other use(s)
- Restaurant, Traditional office
- Frontage
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Key features
- BUSINESS NOT AFFECTED
- Rental income of £7,200
- Appealing yield
- Rent review is scheduled for January 2026
- Attractive and affordable investment option
- Long-term investment
Description
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
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Primrose Street, Lancaster, Lancashire, LA1 3BN
About Fisher Wrathall Surveyors Limited, Lancaster
Fisher Wrathall Commercial Estate Agents
Raising the bar of commercial sales and lettings through the use of the latest marketing techniques and technology.
Lancaster's longest established commercial estate agents and surveyors with over 130 years experience. We provide a full range of services in commercial property across North Lancashire and South Cumbria, including Lancaster, Morecambe, Preston, Blackpool, Carnforth, Kendal and the surrounding areas. Our services include land development, commercial property sales, lettings, management, and building surveying.
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Disclaimer - Property reference 18198522FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fisher Wrathall Surveyors Limited, Lancaster . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.