1 Aalborg Place, Lancaster, LA1 1BJ
Size
2,615
Tenure
Freehold
EPC
Parking
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- Primary use
- Traditional office
- Other use(s)
- Other
- Capacity
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- Desks
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No floor / site plan
Key features
- Investment Premises - Current Income £26800
- Parking - EV Charging
- Modernised to good standard
- Asking price £350000 for the freehold investment
- 10 year lease commencing 2024
Description
This attractive three-storey office investment is situated just off the heart of Lancaster city centre. Constructed in a traditional style, the property has been extensively upgraded and meticulously maintained to a high standard throughout. Access is provided via Aalborg Place through a private entrance door leading into a welcoming reception hall. From here, doors open into an impressive open-plan office area currently configured with desk workstations and an informal meeting space. To the rear of the ground floor is access to the car park together with useful storage facilities.
An original staircase rises from the entrance hall to the first floor, which provides a mix of cellular office space and a meeting room together with an additional breakout area. A further staircase leads to the second floor, offering a spacious open-plan office together with private offices off with modern glass partitioning.
The property benefits from a range of modern features including:
Brand new alarm system throughout
Cloakroom facilities together with a comms/boiler room
CCTV system
EV charging point to the rear
New boiler installation
Staff welfare and kitchen facilities
Air conditioning to parts
LED lighting.
Location
Located in Lancaster city centre, Aalborg Place occupies a convenient and well-established position within a mixed-use area comprising office accommodation, government buildings, and residential properties. The property itself is situated at the end of a terrace of similar character buildings.
Lancaster is a highly regarded and historic university city, with Lancaster University consistently ranked amongst the top universities in the UK. As a result, the city benefits from a strong and diverse economy, combining a vibrant commercial environment with an excellent cultural and leisure offering.
Viewings
Viewings only through DM Hall, please contact:
Caroline Hayton or Suzie Barron
Terms
The property is currently owner occupied, with a lease to be put in place for a term of 10 years at a rent of £26,800 per annum (rent review 2029)
The property is available to purchase subject to the existing lease at an asking price of £350,000.
Lease start date: 21.3.24 to 20.3.34 - break option at 2029.
- 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.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
1 Aalborg Place, Lancaster, LA1 1BJ
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Disclaimer - Property reference 372868-1. 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 DM Hall LLP, Kendal. 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.