Commercial properties for sale in Lancaster, Lancashire

An excellent opportunity to acquire a prominent mixed use investment property in the heart of Lancaster City Centre, comprising established ground floor commercial premises with six bedroom student HMO accommodation above, generating a combined gross rental income of £51,536 per annum, representing a gross rental yield of 9.8%. The ground floor commercial premises extend to approximately 1,840 sq ft and are currently occupied by Lancaster Bed Company, a well established tenant of over 10 years, producing an annual rental income of £14,000 and providing an established commercial income stream. The upper floors comprise six generously sized student bedrooms, a spacious communal kitchen and living room, a bathroom and a separate shower room, with independent access from the front of the property. The accommodation is presented in good condition throughout and has an excellent letting history, generating a student rental income of £37,536 per annum, with each bedroom let at £136 per week on a 46 week tenancy. The student accommodation is professionally managed by IPM Student, providing an established management arrangement for the residential element of the investment. The combination of a longstanding commercial tenant and well maintained student accommodation presents an attractive mixed use investment opportunity, offering established income alongside strong rental demand and long term investment potential in a highly sought after central location.

An excellent opportunity to acquire a well-established cards and candles retail business, offered for sale as a going concern. The business benefits from a strong and loyal customer base and occupies a prime city centre location in the heart of the town, attracting consistent footfall from both locals and visitors. The shop specialises in greeting cards for all occasions and offers a well-curated range of quality candles and complementary gift items. The business holds a good level of quality stock, allowing a new owner to continue trading with minimal interruption. Overall, this represents an attractive opportunity for an owner-operator or investor seeking a ready-to-trade retail business with an established reputation and strong presence within a busy town centre setting.

The property comprises a terrace of industrial units of steel portal frame construction with a combination of blockwork elevations and profile metal cladding beneath pitched profile sheet roofs incorporating translucent roof panels. The accommodation is arranged as a series of units some interconnecting providing a versatile mix of warehouse, storage and office accommodation, extending in total to approximately 15,089 sq ft. The units are configured offering varying sizes each with full height commercial roller shutter doors access along the frontage, together with separate pedestrian access doors from the shared yard area. Externally, the substantial shared yard area lies to the front and provides ample loading, circulation and parking, together with additional on-site car parking provision. There is also a telecommunications mast located in the easterly corner of the site. We understand the mast is holding over and produces an annual rent of £4,500.

The property comprises a self-contained office premises occupying the ground floor and part first floor of an impressive Grade II* Listed period building. The accommodation has been comprehensively refurbished to a high standard whilst sympathetically retaining an exceptional range of original features, creating a distinctive office environment of considerable character. The property is accessed via a striking double-height entrance hall incorporating an elegant sweeping staircase, ornate decorative plasterwork and period fireplaces. The office accommodation benefits from generous floor to ceiling heights, large timber sash windows providing excellent levels of natural light, high quality timber flooring and a series of impressive offices and meeting rooms incorporating intricate cornicing, ceiling roses and other original architectural features. Overall, the property offers a rare combination of historic character and modern office accommodation in a highly prominent city centre location.