24 New Street Lancaster
Ref : AG0035-003-01
Address :24 New Street Lancaster
LA1 1EG Lancaster
Financial informations :
CITY CENTRE SHOP
24 NEW STREET
- 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 Store and Toilet facilities. First Floor Office/Store.
- Internal Repairing Lease.
- No Service Charge.
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.
The property comprises a ground floor shop and first floor store/office in a 3 storey stone mid-terraced building.
The property has been occupied as a sandwich shop/deli for many years.
The ground floor sales area has an acoustic tile suspended ceiling with fluorescent lighting. The ground floor is open plan apart from a wall separating the store at the rear of the shop. There is access to the rear of the shop via an adjoining alleyway.
The first floor would be ideal as an office area.
Sq. Ft. Sq. M.
Ground Floor Sales 571 53.05
Store 252 23.41
WC & WHB N/A N/A
First Floor Office/Store 139 12.91
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.
The property is currently assessed in the 2010 Non-Domestic Rating List at RV£10,750. The Uniform Business Rate small business multiplier for the rate year 2015/16 is 48.00 pence. Depending upon you rates status you may be eligible for approximately 21% small business rates relief.
The property is Grade II Listed and therefore is exempt from empty rate liability under current legislation.
The property has planning consent for A1 retail use, however, A2 financial and professional services and A3 café are a possibility. Prospective tenants should confirm their requirements with the Local Planning Authority, Lancaster City Council Tel. (01524) 582000.
The property is available by way of a new fully repairing and insuring lease subject to 3 year upward only rent reviews.
The asking rent is £16,000 per annum.
VALUE ADDED TAX
The rent is not subject to value added tax.
The Director of Allan Associates has a legal interest in the property.
VIEWING AND NEGOTIATION
Via sole agents with a prior appointment:
9 REDWOOD HEIGHTS
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.
21 May 2015