54 Market Street, Lancaster, LA1 1HS

Location

The property is located in the centre of Lancaster, the historic cathedral city. Lancaster boasts two universities and benefits from a thriving student population. The property fronts Market Street, which is a busy, pedestrianised thoroughfare which joins King Street (A6) and Penny Street/Cheapside. Lancaster Train Station is approximately 250 metres west, whilst the bus station is 300 metres to the north-east. St Nic's Shopping Centre is 200 metres west. Nearby occupiers include Entwistle Green, The Salvation Army, Lloyds TSB and Nando's. The centre of Lancaster is home to a wide range of independent retailers, cafes, restaurants and bars/pubs. Lancaster City Centre Museum is situated 50 metres from the property.

Description

Comprising a three-storey mid-terraced retail shop of traditional stone construction.

The accommodation extends to approximately 2,800 sq ft and provides for open-plan retail space at ground floor level, together with ancillary storage and welfare facilities at first and second floor.

Pedestrian access to the retail space is gained via a centralised door set within a feature timber framed recessed display window.

The unit has laminate and carpet floor coverings throughout, fluorescent and LED lighting.

Services

The mains services connected to the property include water supply, 3-phase electricity supply and of course, mains drainage. Please note that Turner Westwell Commercial Agents have not tested any of the service installations or appliances connected to the property.

Lease Terms & Rental

Available on Tenant's Full Repairing and Insuring lease for a term of years to be agreed.

The rental is £24,950 per annum exclusive.

VAT

VAT is applicable at the prevailing rate.

Use

The premises fall under Class E use, allowing for a flexible range of commercial uses, including retail, office, medical, cafe/restaurant and other service-orientated activities. It is the responsibility of the Tenant to verify their intended use of the property is suitable and acceptable to the Local Planning Authority (Lancaster City Council).

Anti-Money Laundering (AML)

In accordance with the Criminal Finances Act 2017 and the regulations set by HMRC and RICS, Turner Westwell Commercial Agents must perform AML due diligence for all clients, as well as for buyers and tenants involved in any transaction. This means we will need to gather personal, detailed financial and corporate information before we can finalise any transaction.


Legal Costs

Each party are responsible for their own legal costs involved in the transaction.

EPC

An Energy Performance Certificate (EPC) has been commissioned and a copy of the Report is available on request.

Viewings

Strictly by appointment with the sole agents TURNER WESTWELL COMMERCIAL AGENTS.