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26 New Street Lancaster

Ref : AG0035-002-02

Address :

26 New Street Lancaster
LA1 1EG Lancaster

Financial informations :

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Details :

TO LET

 

CITY CENTRE SHOP

 

 

26 NEW STREET

LANCASTER

LANCASHIRE

LA1 1EG

  • Situated in an established and popular retail location of Lancaster City Centre in close proximity to Market Street and the major banks.
  • Ground Floor Sales with ancillary Kitchen and Toilet facilities.  First Floor Office/Store.
  • Demolished and rebuilt in 1986.
  • Previously had planning consent for A2 office use.  Existing planning consent for A3 café use.  Currently trades as A1 retail use.
  • A legal right to take goods in and out from the rear of the shop via Sun Street.
  • No Service Charge.

LOCATION

Lancaster has good road communications with access to junctions 33 and 34 of the M6 Motorway, Manchester Airport and Blackpool Airport. 

This historic yet vibrant City has a resident population of approximately 50,000 and a student population of approximately 20,000.  The District population is approximately 135,000.  Lancaster University and the University of Cumbria are located in the City.

The property is situated in a prominent location close to the junction of New Street and Market Street.  Nearby occupiers include Barclays, Morrisons, Mountain Warehouse, HSBC, Lloyds, Help the Aged, RBS and NatWest.  There are a range of retail trades in the street including bags, bridal, café, optician, clothing etc.

New Street is pedestrianised and is a busy pedestrian thoroughfare.

DESCRIPTION

The property comprises a 3 storey stone faced mid-terraced building with glazed sale frontage.  We understand the property was demolished and rebuilt in 1986.

Occupied by Halifax Estate Agents until 2009, and more recently Yappy Dog, the property is in good condition.

The ground floor sales area has an acoustic tile suspended ceiling with recessed fluorescent lighting and halogen spot lights on tracks.  The ground floor is open plan apart from a stud wall separating the stairs that lead to the first floor at the rear of the shop.

The first floor has been previously used as office accommodation and has a suspended ceiling.

ACCOMMODATION

                                                                                                           

Gross Frontage                                                            10.83 ft           6.05 m

Internal Frontage                                                          15.65 ft           4.77 m

Shop Depth                                                                 45.72             13.94 m

 

                                                                                    Sq. Ft.             Sq. M.

Ground Floor                   Sales                                      805                 74.76

                                        Kitchen                                     61                   5.68

                                        2 x WC & WHB                       N/A                   N/A

First Floor                        Office/Store                             365                 33.91

SERVICES

All main services are provided to the property.  The gas supply has been disconnected but could be reconnected if required.  The property has the benefit of recessed ceiling mounted hot air blowers.

These services have not been tested and potential tenants are advised to carry out their own checks.

RATING 

The property is currently assessed in the 2010 Non-Domestic Rating List at RV£15,500.  The Uniform Business Rate and Small Business Supplement for the rate year 2014/15 is 48.20 pence.

We understand the property is Grade II Listed and therefore is exempt from empty rate liability under current legislation.

PLANNING

The property has had planning consent for A2 financial and professional services although the current occupier trades as an A1 retail use.  Although A2 permissions are restricted in the area it is likely that the property could obtain A2 use again.  The property has planning consent for A3 café use but current trades as A1 retail use.  Prospective tenants should confirm their requirements with the Local Planning Authority, Lancaster City Council Tel. (01524) 582000.

TERMS

The property is available by way of a new fully repairing and insuring lease subject to 3 year upward only rent reviews.

RENTAL 

The asking rent is £17,500 per annum.

VALUE ADDED TAX

The rent is not subject to value added tax.

DECLARATION

The Director of Allan Associates has a legal interest in the property.

VIEWING AND NEGOTIATION

Via sole agents with a prior appointment:

ALLAN ASSOCIATES

9 REDWOOD HEIGHTS

STANDEN PARK

LANCASTER

LA1 3FG

Telephone            01524 380180

Fax.                           0870 7065835

SUBJECT TO CONTRACT

All information and measurements provided in these details are given in good faith and are approximate.  Every effort has been made to ensure accuracy however this cannot be guaranteed.  These details do not form part of a contract.  Allan Associates are engaged as sole agents and cannot make any representation of warranty in relation to the property.  Purchasers are advised to undertake their own investigations.

25 August 2014

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