67-71 Market Street & 1-5b King Street, Lancaster
Freehold Multi-let investment opportunity
614 m² ( 6,612 ft² )
Offers in the region of £675,000
- Currently producing a rent of £56,260 p.a. exc including 1 void
Location
The City of Lancaster is the historic county town of Lancashire in the north west of England on the banks of the River Lune and the historic Lancaster Canal.
Lancaster Castle, owned by the Duchy of Lancaster dating back to Roman times and occupying a prominent situation overlooking the city is one of numerous historic attractions drawing tourists to the city.
Located adjacent to junctions 33 and 34 of the M6 motorway, Lancaster’s strategic location in the north west offers excellent connectivity with Manchester, Liverpool and Preston to the south and the Lake District, Yorkshire Dales and Scotland to the north.
Furthermore, Lancaster benefits from being situated on the west coast mainline with direct rail services to:
Manchester 55 mins
Glasgow 2 hrs 4 mins
London 2 hrs 40 mins
Lancaster has an urban population of 143,000 and is the home to two Higher Education Institutions; Lancaster University and University of Cumbria with over 18,000 students. The age profile therefore includes a high proportion of young adults aged between 15–24.
Description
The subject property comprises a prominent and imposing 3 storey gateway property dating back to circa 1930 (rebuilt) being of sandstone ashlar construction beneath flat parapet roof with coped gables and keystone/cornice detailing.
The property benefits from substantial frontage onto the pedestrianised Market Street and main thoroughfare King Street at its junction with China Street (A6).
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Sat Nav Ref: LA1 1JG
