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Market Street, Lancaster - For Sale

Retail
Guide Price £25,000 pa
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    SHOP TO LET City centre retail unit extending to 1,192 sq ft available to let on a new lease. The property benefits from a good sized floor plate and a prominent position.

    LOCATION
    Lancaster is a busy University City and the principle town of North Lancashire. Well placed adjacent to the M6 Motorway, it is approximately equidistant from Preston and Kendal which are about 20 miles away.

    Upper Market Street is a sought after good secondary trading location forming part of the main pedestrianised precinct of Lancaster’s core retail area. Nearby users include specialists/national retailers, two High Street Banks, a Public House and three Estate/Letting Agents.

    DESCRIPTION
    A mid terraced, Listed, Georgian Property with later additions to the rear providing accommodation over three primary floors (access to all upper floors by loft ladder only) plus attics and basement. A primary feature of the building is the larger than average ground floor plate.

    ACCOMMODATION
    GROUND FLOOR

    Retail area - 86.8 sqm
    Kitchen - 24 sqm
    Storage - 8.3 sqm

    FIRST AND SECOND FLOORS

    Redundant storage rooms extending to 148.5 sqm with access from ground floor via loft style ladders.

    Plus attic and basement.

    SERVICES
    Mains water, drainage, gas and electricity are available to the building.

    TENURE
    Available by way of a new full repairing and insuring Lease for a term of 3 to 5 years to be opted out of the Security of Tenure Provisions of the 1954 Landlord & Tenant Act.

    RATING
    2017 Rateable Value - £22,500

    PLANNING
    The property is currently in use as a betting shop and has previously been used as an A3 restaurant. For usage enquiries, please enquire with Lancaster City Council.

    VAT
    All outgoings quoted are exclusive of VAT, which will apply at the prevailing rate.

    LEGAL COSTS
    The ingoing tenant to be responsible for the landlord’s reasonable legal costs incurred in connection with the preparation of the lease.

    VIEWING
    Strictly by prior appointment with the sole agents, Fisher Wrathall, 82 Penny Street, Lancaster, LA1 1XN. Tel: 01524 69922 Email: commercial@fisherwrathall.co.uk

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